What is the equivalent of 1 ounce (troy) in grams?

The correct equivalent of 1 troy ounce in grams is 31.103 grams. The troy ounce is a unit of measure that is commonly used for precious metals such as gold, silver, and platinum. This measurement differs from the more commonly known avoirdupois ounce, which is used in everyday goods and is equivalent to approximately 28.350 grams.

Understanding the specific value of the troy ounce is crucial, especially for those working in fields related to precious metals, where precision in weight is essential for valuation, trading, and legal measurements regarding these commodities. The troy ounce's specific conversion factor reflects historical trade practices and weight measurements used since the Middle Ages, which distinguish it from the standard ounce used in most everyday contexts.