1 Moz = 1.097 1428 Moz = 3 1. 1034768g。
1 constant ounce = 28.3495g
Internationally, the price of gold is usually expressed in ounces, and the prices of gold and most precious metals are quoted in troy ounces. However, countries that adopt the metric system price gold in grams, kilograms and tons.
China uses grams as the unit of measurement for gold. This domestic gold measurement unit is different from the customary measurement unit "ounce" agreed in the international market. Domestic investors should first get used to the measurement method in China when investing in gold.
Extended data
Gold pricing method
The price of gold is controlled by the open market, but a London system called spot gold pricing has provided a daily benchmark for the gold industry since September 19 19. Spot gold pricing appeared at 1968 in the afternoon, in order to set a price standard when the US market opened.
Gold is used to support money. In the economic system known as the gold standard, a specific weight of gold will be called the name of the monetary unit. For a long time, the US government set the price of US dollar at US$ 20.67 (US$ 664.56/kg) per troy ounce, but in 1934, the price of US dollar was revalued at US$ 35.00 per troy ounce (1 125.27 US/kg).
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