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In Vietnam, gold is measured in trees (luong, lang) or taels, but internationally, gold is measured in ounces. Understanding how many grams and trees are in 1 ounce of gold or 1 kg of gold helps convert gold into Vietnamese currency easily based on market value.
How many grams and trees are equivalent to 1 ounce of gold?
1 ounce of gold approximately equals 8.29426026667 gold taels (about 8.3 gold taels) = 0.83 gold lượng (gold rods)
Conversion can be done as follows:
- 1 troy ounce of gold weighs 31.103476 grams - 1 gold tael weighs 3.75 grams - 1 gold lượng (rod) weighs 37.5 grams Thus, we can easily convert gold ounces to gold taels, rods, or currency:
- 1 ounce of gold approximately equals 8.29426026667 gold taels (about 8.3 gold taels) = 0.83 gold lượng. - 1 gold lượng (rod) = 1.20565302733 ounces of gold
Ounce (abbreviated as oz, sometimes referred to as avoirdupois ounce) is a unit of mass similar to kilograms, grams but not part of the International System of Units (SI) but only belongs to the British Imperial system, and the customary system of measurement in the United States. Its value varies depending on the system. Learn more about Ounce HERE.
Overview of various units of ounces
Enter the number of ounces to convert to pounds, grams
Carat, also known as gold purity, is calculated on the Karat (K) scale:
Gold 99.99% = 24K
Approximately 75% = 18K
Currently, in the Vietnamese market, gold is traded in forms such as bars, ingots, rings, necklaces, etc., with primarily purity levels of 99.999%, 99.99%, 99.9%, 99%, 98%,... To accurately calculate the price of gold per ounce, per tael, per gram into exact amounts of money, you can visit gold and silver companies to know the precise gold prices at that time.
How much is 1 ounce of gold in USD?
Even gold or foreign currencies like USD (US dollar) are adjusted daily, per trading session, so we cannot precisely determine how much 1 ounce equals in US dollars. You need to update gold prices, exchange rates daily.
So, this article has clarified for you how much 1 ounce of gold equals in terms of grams, how much it costs, in order to calculate the value of gold against the general market value today. This is also a way to calculate the weight of gold in terms of grams that many people seek, whether calculated in ounces, grams, or other units. The weight of gold is still guaranteed according to the general calculation method, so you won't need to worry when buying gold from reputable, high-quality companies or locations today. Accordingly, the price of gold will be calculated by multiplying the weight of gold by the gold price depending on specific times.
Next, for more information on ounces and conversions to other measuring units such as ml, l, kg, g, etc., please refer to the article we share about how many ounces a cup equals.
Today's gold price is very useful information that can help investors quickly decide whether to buy or sell gold for profit. Therefore, updating today's gold price is essential.
