Gold & Silver

Discussion in 'Metal Futures' started by KS96, Sep 6, 2005.

  1. KS96

    KS96

    A question:
    The prices I see on the charts for gold and silver,
    e.g. $443 and $7 respectively,
    are they per ounce or per *troy* ounce?
     
  2. tomcole

    tomcole

    Per Fine Troy Ounce, to be precise!
     
  3. KS96

    KS96

    Do you mean 0.9999 pure?
    And 1 troy oz = 1.097 oz or something?

    Are you sure?
     
  4. tomcole

    tomcole

    In Troy Ounces x Finesss (purity), therefore, what you pay for is Fine Troy Ounce.