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Price of gold per ounce / 31.1 / 24 x KARAT of your item = Base price of gold content per gram of gold. In the below example, plug $1,200 per ounce (today's gold price) into the formula for determining the base price per gram of a 14K gold chain. Other numbers in the formula represent 31.1 grams per ounce of gold. 24 represents 24K which is1 day ago · The price of silver per ounce is always listed in troy ounces, which equals 1.09711 Avoirdupois ounces. One troy ounce equals 31.1035 grams. One troy ounce equals 31.1035 grams. Troy weight, a unit of measure in medieval France, has become an integral part of today's precious metals industry.
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