What are Troy Pounds?
Troy pounds are a unit of measurement commonly used in the precious metals industry, particularly for weighing gold, silver, and other valuable metals.
One troy pound is equivalent to 12 troy ounces, which is slightly heavier than the avoirdupois pound commonly used in everyday measurements. The troy pound is often denoted by the symbol "lb t" to distinguish it from the avoirdupois pound.
What are Troy Ounces?
Troy ounces are a unit of measurement commonly used in the precious metals industry, particularly for weighing gold, silver, and other precious metals.
One troy ounce is equivalent to approximately 31.1035 grams, which is slightly heavier than a standard avoirdupois ounce. The term "troy" originates from the city of Troyes in France, where this unit of measurement was historically used in the trade of precious metals.