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Gold weight converter

Grams, pennyweight, troy ounces, tola and baht — the units gold is actually quoted in, and what each is worth today.

The ounce gold is priced in

In grams

31.103 g

Grams are the common ground. Every other unit on this page is a fixed multiple of the troy ounce, so all of these conversions are exact rather than approximate.

The same weight, every way

UnitAmountOne unit is
Grams31.103
Pennyweight201.5552 g
Troy ounces131.1035 g
Grains4800.06480 g
Ounces (kitchen scale)1.09728.3495 g
Kilograms0.03111000.0000 g
Tola / vori2.66711.6638 g
Baht (bullion)2.0415.2440 g

1 ozt is 31.103 g — that is 1.0000 troy ounces, 20.000 pennyweight or 2.6667 tola.

The two ounces are not the same ounce

A troy ounce is 31.10 g and the ounce on a kitchen scale is 28.35 g — about 9% lighter. Gold has always been priced in troy ounces, so weighing on a kitchen scale and pricing per troy ounce overstates the answer by roughly a tenth. If a scale does not say which it is using, weigh in grams and convert here.

Why the unit is where quotes go wrong

Gold is quoted per troy ounce, weighed in grams by most of the world, bought in pennyweight by a large part of the US scrap trade, and gifted by the tola across South Asia and the Gulf. Between the smallest and largest of those there is a factor of eleven. A price quoted "per unit" without naming the unit is not a price at all, and asking which one is the fastest way to make a quote comparable.

Every unit here is a fixed multiple of the troy ounce, so all these conversions are exact rather than approximate. A troy ounce is 31.1034768 grams by definition. A pennyweight is one twentieth of that, 1.5552 grams. A troy grain is one four-hundred-and-eightieth. A tola is exactly three eighths of a troy ounce, 11.6638 grams.

The two ounces, and the mistake they cause

The avoirdupois ounce — the one on a kitchen scale — is 28.349523125 grams. The troy ounce is 31.1034768. The troy ounce is about 9.7% heavier, which means weighing gold on a kitchen scale and pricing it per troy ounce overstates the answer by roughly a tenth.

This is the most common unit error in the subject and it runs in both directions: someone who weighs in troy and prices in avoirdupois underestimates by the same margin. If a scale does not state which ounce it uses, weigh in grams. Grams are unambiguous.

Tola, baht and the regional units

The tola was standardised at 180 troy grains, which makes it exactly three eighths of a troy ounce. It is the customary unit across India, Pakistan, Bangladesh — where it is called a vori or bhori — and much of the Gulf, where gold is bought as a store of value as much as an ornament.

Thailand prices everything in baht, and there are two of them. The bullion baht is 15.244 grams and the jewellery baht is 15.16, a difference of about half a percent. The Thai Gold Traders Association publishes the daily price against the bullion figure. Half a percent sounds trivial until it is applied to a kilogram.

Common questions

How many grams are in a tola?

A tola is exactly three eighths of a troy ounce, which is 11.6638 grams. It is used across India, Pakistan, Bangladesh and the Gulf, and is also called a vori or bhori.

Is a troy ounce the same as a normal ounce?

No. A troy ounce is 31.1034768 grams and the ordinary avoirdupois ounce is 28.349523125 grams — the troy ounce is about 9.7% heavier. Precious metals are always quoted in troy ounces.

What is a pennyweight?

One twentieth of a troy ounce, or 1.5552 grams, abbreviated dwt. Many US gold buyers weigh scrap in pennyweight, so a price per pennyweight is about 55% higher than the same number per gram for identical metal.

Not an appraisal, and not an offer. This is arithmetic applied to a weight and a purity you entered, at a market price fetched a few minutes ago. It has not seen the item. An appraisal is a qualified opinion of value from someone who has the piece in front of them, and nothing on this site is a substitute for one.

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