Do you know: How many kilograms does 1 tael of gold weigh? What is an ounce of gold?

How many kilograms of iron is 1 kg of gold? How many ounces is 1 kg of gold? This article will give you the answer.

How many kilograms of iron is 1 kg of gold? How many ounces is 1 kg of gold? This article will give you the answer.

Surely many people have bought gold but do not know how the units of measurement for gold mass are calculated.

In Vietnam, gold is measured in units of chi, luong or cay. But in Western countries, people use Ounce (Vietnamese pronunciation is ao-xơ), abbreviated as oz, as a unit of mass measurement in the jewelry industry. There are many different ounce units, the two most commonly used forms are the international avoirdupois ounce and the international troy ounce.

So how do you convert these units? How many kilograms does 1 tael of gold weigh? How many taels of gold is 1 ounce of gold, 1 tael of gold (amount of gold)?

Converting units of mass of gold

Do you know: How many kilograms does 1 tael of gold weigh? What is an ounce of gold? Picture 1 Do you know: How many kilograms does 1 tael of gold weigh? What is an ounce of gold? Picture 1

1 tael of gold = 1 tael of gold = 10 taels of gold
1 tael of gold weighs 37.5 grams
1 tael of gold weighs 3.75 grams
1 kg of gold = 266 taels of gold = 26 taels of gold + 6 taels of gold

According to the world's common convention, gold is calculated in ounces.

1 ounce = 31.103476 grams
1 ounce of gold = 8.29426 taels of gold
1 tael of gold = 1.20565302733 ounces of gold
1 ounce of gold = 0.829426 taels of gold

Things to note when buying gold

When buying gold, people should pay attention to the following things:

You need to monitor the gold exchange rate because the domestic gold exchange rate is always fluctuating and affected by the world gold market.
When buying gold at sensitive times, the jewelry market is unstable and has many fluctuations, you need to consider carefully because this is both an opportunity and a risk.
When buying gold, choose large, reputable stores to ensure safety.
To avoid buying poor quality or fake gold, buyers should ask the store to provide full documents on origin, private symbols, and related inspection documents.
After purchasing gold, you should keep the purchase receipt carefully in case you need to compare it later.
When buying gold, you should pay more attention to security issues to avoid being robbed.

Distinguishing types of gold on the market

9999 gold is 24K gold or also known by other names such as pure gold, 4-9 gold, 10-year gold. This is the type of gold with the highest purity with 99.99% pure gold, only 0.01% is other metals.

Do you know: How many kilograms does 1 tael of gold weigh? What is an ounce of gold? Picture 2 Do you know: How many kilograms does 1 tael of gold weigh? What is an ounce of gold? Picture 2

Gold is the general name for alloys that are a combination of gold and some other colored metals. Depending on the gold content, there will be different types of gold such as 9K, 10K, 14K, 18K,.

To find out the gold content, we take the 'K' number and divide it by 24. For example, to find out the gold content in 18K gold, we take 18 divided by 24 which equals 0.75. This means that in 18K gold, there is only 75% gold, 25% is other alloy.

White gold is a multi-element alloy made from gold, silver, palladium or nickel. Due to the special properties of the alloy, the yellow color of the gold is no longer present when mixed and is replaced by white.

How much is a 1 kg gold bar?

The price of a 1 kg gold bar is not fixed and fluctuates according to the market. The gold price of a 1 kg gold bar is calculated using three components:

Spot Gold Price . Spot gold price is defined as the price of one ounce of pure gold that can be delivered immediately. This price is usually determined by the best bid and ask prices for gold provided by major bullion banks that trade in real time around the world.
Weight of Gold . The weight of pure gold found in a gold bar being purchased. A 1 kg gold bar contains 0.999 or 0.9999 parts pure gold. A 1 ounce gold bar will weigh slightly more than 32.1507 ounces of gold when impurities are taken into account.
Gold price premium . Gold price premium is defined as a percentage adjustment added or subtracted from the spot price value of a gold bar. The gold premium of a gold bar is determined by the cost of production, refining, manufacturing, casting and logistics of bringing that gold bar to market for sale. Gold bar prices are
also affected by supply and demand in the market and the amount of gold a customer wants to invest – larger amounts will have lower gold premiums.