Troy Weight

Troy Weight: Historical System of Weights for Precious Metals
The Troy Weight is a system of weights in which 12 ounces make a pound. Troy ounces contain 480 grains, making them about 10% heavier than the 437.5-grain avoirdupois ounce. This system is commonly used to measure precious metals, including gold, silver, and platinum.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.