Posted on: 15-12-09 11:21:24
Hi friends,
1 oz gold on conversion in gms is 28.35,
Can any one on this platform explain on corelationof the rates of gold being offered in 1 oz and 100 gms bar.
On the nwt mint site 1oz bar is offered at 1122 per oz and 100 gms bar at 3696 per bar resulting in and 1oz price of 1047.
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
Quote:
Originally posted by peacock1
Hi friends,
1 oz gold on conversion in gms is 28.35,
Can any one on this platform explain on corelationof the rates of gold being offered in 1 oz and 100 gms bar.
On the nwt mint site 1oz bar is offered at 1122 per oz and 100 gms bar at 3696 per bar resulting in and 1oz price of 1047.
Gold is weighed in Troy Ounce which is equal to 31.1 gm and not an ounce which is equal to 28.35 gm and hence the difference.
Follow this http://lynncoins.com/troy_ounce.htm to understand the difference.
.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Thanks Pramod, this was driving me nuts as to why the difference. Thanks for the info.
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mor
Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.
