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Are metals prices per ounce or Troy ounce?

Spot metal prices are priced per troy ounce. Troy ounce is the global and traditional unit of weight used for precious metals, which was attributed to a weight used in Troyes, France, in medieval times.
1 troy ounce = 31.1034768 grams
1 ounce = 28.3495231 grams
1 troy ounce contains 2.75 grams more of metal than the standard ounce

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