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This is a measurement used today primarily for weighing precious metals such as gold and silver.
One Troy ounce equals 31.1034768 grams. A normal ounce equals 1/16th of a pound in weight, but the Troy ounce is only 1/12th of a pound. The measurement became standardised in 1758 as a weight measurement of distilled water! Whenever you see the price of gold or silver being mentioned on the news or in newspapers, it is usually the price of a Troy ounce that is being detailed.
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