If you are looking to invest in precious metals, understanding the Troy Ounce is essential. Global gold prices are always quoted in ounces, but most physical gold, like jewelry or coins, is weighed in grams.
Quick Summary:
• 1 Troy Ounce of 24k Gold = 31.1035 Grams
• 1 Troy Ounce equivalent in 18k Gold = 41.4713 Grams
A gold ounce is a standard unit of weight used to measure precious metals such as gold, silver, and platinum.
The precious metals market uses the Troy Ounce. Using the wrong unit can result in a 9% loss in weight calculation.
| Unit Type | Weight in Grams | Common Use |
| Troy Ounce | 31.1034768 g | Gold, Silver, Platinum |
| Regular Ounce | 28.3495 g | Groceries, Post, Cooking |
Key facts about a gold ounce:
Also Read: What is Gold Karat?
To understand this, we have to look at purity.
24-Karat (24k): 99.9% pure gold.
18-Karat (18k): 75% gold and 25% alloy metals like copper or silver.
Because 18k gold is less pure, you need more total mass to equal the amount of pure gold found in one Troy Ounce.
If you have Gold price per ounce and want to determine the weight equivalent in different gold karats, use the following formulas.
24K Gold (Pure Gold)
24K gold is 100% pure, so its weight corresponds directly to the gold ounce.
Weight of 24K gold = ounce amount × 31.103
Pure gold content (g) = Total weight of 24K gold × 1.00
22K Gold
22K gold contains 22/24 (91.67%) pure gold.
Weight of 22K gold = (ounce amount × 31.103) ÷ 0.9167
Pure gold content (g) = Total weight of 22K gold × 0.9167
18K Gold
18K gold contains 18/24 (75%) pure gold.
Weight of 18K gold = (ounce amount × 31.103) ÷ 0.75
Pure gold content (g) = Total weight of 18K gold × 0.75
| Unit | Equivalent |
| One ounce of 24-karat gold | 31.103 grams of 24-karat gold |
| One ounce of 24-karat gold | 41.47 grams of 18-karat gold |
| One gram of 24-karat gold | 1.33 grams of 18-karat gold |
Use this table to quickly convert Troy Ounces into grams for both pure 24k investment gold and 18k jewelry gold.
| Gold Ounces (oz t) | 24-Karat Gold (Grams) | 18-Karat Gold (Grams) |
| 1 oz | 31.10 g | 41.47 g |
| 2 oz | 62.21 g | 82.94 g |
| 5 oz | 155.52 g | 207.36 g |
| 10 oz | 311.03 g | 414.71 g |
| 50 oz | 1,555.17 g | 2,073.57 g |
To calculate the price of gold using the global ounce price, you need to follow these steps:
Price of 1 gram of 24K gold:
(Global gold ounce price × local exchange rate) ÷ 31.1035
Price of 1 gram of 18K gold:
Price of 1 gram of 24K gold × 0.75
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