Troy ounce
A troy ounce is 31.1035 grams, the unit gold, silver, platinum and palladium are priced in, about 10% heavier than an ordinary ounce. MCX quotes gold per 10 grams, so a dollar price becomes an Indian one through ounces to grams and dollars to rupees; Module 2 shows every step. Metals on Mochatrade.
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On MochatradeSee what you can trade on MochatradeRelated terms
- PlatinumPlatinum is a precious metal whose price is a bet on factories and car exhausts: South Africa mines about 70% of it…
- PalladiumPalladium is the metal in petrol car exhausts: over 80% of demand is catalytic converters and Russia mines about two…
- Silver futuresSilver futures are contracts on silver, mainly on COMEX in dollars per troy ounce. More than half of silver goes into…
- Gold/silver ratioThe gold/silver ratio is how many ounces of silver buy one ounce of gold. It rises in fear, when gold is bid and…
- Commodity tradingCommodity trading is buying and selling the price of raw materials like gold, oil, gas and copper, almost always…
- Pre-IPO stocksPre-IPO stocks are shares of private companies before they list, priced in private funding rounds with no public order…
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