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Converting 1 lượng of gold, gold bars to gold bullion during the conversion process must be carried out according to the predetermined principles. As mentioned earlier in the Vietnamese jewelry industry, the weight of gold is clearly defined to be calculated in units of gold bars (also known as tael, lạng, or lượng) or gold bullion.
Converting 1 lượng of gold, gold bars to gold bullion will have a specific conversion method as follows
1 gold bar = 1 gold bar = 10 gold bullion (One gold bar equals one gold bar equals ten gold bullion)
1 gold bullion = 10 grams of gold (One gold bullion equals ten grams of gold)
1 gram of gold = 10 milligrams of gold (One gram of gold equals ten milligrams of gold)\
1 gold bar will weigh 37.50 grams
1 gold bar equals 1/10 gold bullion, meaning one gold bar weighs 3.75 grams
Currently, gold is measured in ounces (Troy Ounce) worldwide
Not only in Vietnam but also in most countries around the world, gold is not just like other commodities, it is also recognized as a valuable currency in trading exchanges.
Both lượng and gold bars are used to indicate units of measuring the mass of precious metals, especially gold. Depending on the conventions of each country, the conversions vary. According to the international measurement system: 1 gold bar = 37.5 grams (g). In Taiwan, 1 gold bar = 37.429g. While in Hong Kong and Singapore, 1 gold bar = 37.79936375 grams. For Vietnam, according to the international measurement system, 1 lượng = 37.5 grams.
1 Troy Ounce is equivalent to 31.10347568 grams.
1 ounce (1 troy ounce) = 8.29426 gold bars (0.829426 lượng)
1 lượng = 1.20565 Troy ounces
1 gold bar = 3.75 grams
10 gold bars = 1 gold bar
Above is how Free Download guides you to Convert 1 lượng of gold, gold bars to gold bullion, gold prices are constantly updated and changing frequently so you must regularly update the gold price at the time you want to convert so you can accurately determine how many gold bars equal 1 lượng of gold.
In currency units, there is also the definition of ounce, if you do not know how to convert 1 ounce of gold into how many gold bars, refer to the article on converting 1 ounce of gold into how many gold bars, how many gold bars here
