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Gold Conversion Table

The document discusses gold conversion tables used by the London Bullion Market Association (LBMA) for trading gold on the London bullion market. It provides conversions between troy ounces, grams, and kilograms of gold as well as fine gold content of common bar weights. Other international gold weight conversions are also referenced.

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Thiti Vanich
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222 views2 pages

Gold Conversion Table

The document discusses gold conversion tables used by the London Bullion Market Association (LBMA) for trading gold on the London bullion market. It provides conversions between troy ounces, grams, and kilograms of gold as well as fine gold content of common bar weights. Other international gold weight conversions are also referenced.

Uploaded by

Thiti Vanich
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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GOLD CONVERSION TABLES

The gold weight conversion procedures of the London Bullion Market


Association (LBMA) are used for trading on the London bullion market,
and accepted internationally.

TROY OUNCE

METRIC-IMPERIAL CONVERSIONS
The LBMA records its basis for converting the weight of gold bars from
grams (metric) to ounces troy (imperial), and vice versa, as follows:

1 gram = 0.0321507465 ounces troy


1 kilogram = 32.1507465 ounces troy
1 tonne = 32,150.70 ounces troy

1 ounce troy = 31.1034768 grams


= 0.0311034768 kilogram
Valcambi
BAR WEIGHTS AND FINE GOLD CONTENT Switzerland
For trading on the London bullion market, the LBMA also records the fine
gold content of a range of bar weights, denominated in grams, ounces
troy, tolas and taels, at three precise millesimal gold purities: 995.0,
GRAM
999.0 and 999.9.

BAR WEIGHTS AND THEIR AGREED FINE GOLD CONTENT


Gross Fine gold content in ounces troy
Weight Bars Bars Bars
995.0 999.0 999.9
Assay Assay Assay
1 kilo (1000 grams) 31.990 32.119 32.148 oz.
1/2 kilo (500 grams) 15.995 16.059 16.074
1/4 kilo (250 grams) 7.998 8.030 8.037

200 grams 6.398 6.424 6.430


100 grams 3.199 3.212 3.215 Tanaka
50 grams 1.600 1.607 1.608 Japan
20 grams 0.640 0.643 0.643
10 grams 0.321 0.322 0.322
5 grams 0.161 0.161 0.161
TOLA
100 ounces 99.500 99.900 99.990
50 ounces 49.750 49.950 49.995
25 ounces 24.875 24.975 24.998
10 ounces 9.950 9.990 9.999
5 ounces 4.975 4.995 5.000
1 ounce 0.995 0.999 1.000

10 tolas 3.731 3.746 3.750


5 taels 5.987 6.011 6.017

Source: London Bullion Market Association. Table reproduced with permission.

Emirates
UAE
Gold Conversion Tables www.goldbarsworldwide.com

REFERENCES TO OTHER GOLD WEIGHTS BAHT


Weight Equivalent Source of Information
Weight
1 tola 0.375 ounces Golddealers Luxembourg a.s.b.l.
11.6638 grams

1 tael* 1.20337 ounces The Chinese Gold & Silver Exchange


37.429 grams Society, Hong Kong

1 baht 15.244 grams Gold Traders Association, Thailand


0.4901 ounces 5 baht = 76.22 grams
10 baht = 152.44 grams
1 chi 3.75 grams Saigon Jewelry Company, Vietnam
Chin Hua Heng
1 cay or luong 37.50 grams
Thailand

1 don 3.75 grams LS-Nikko Copper Inc, South Korea

1 mesghal 4.6083 grams The Central Bank of the Islamic


LUONG
Republic of Iran

* In Taiwan, it is reported that the tael can be traded at a different weight: 1 tael =
37.50 grams. Source: UBS (Switzerland).

CALCULATING THE WEIGHT OF “FINE GOLD”


Gold bars are normally traded according to the precise weight of their
fine gold content.

It is calculated by multiplying the bar’s gross weight by its gold purity (or
fineness).

Examples Saigon
Vietnam
1000 g bar with a millesimal purity of 995 has a fine gold weight of 995 g
(1000 g x 0.995).

London Good Delivery bar weighing 401.125 oz bar with a millesimal


purity of 995.8 has a fine gold weight of 399.440 oz (401.125 oz x 0.9958).

It can be noted that markets tend to vary in the way that they round
decimal points up or down.

TAEL

Wing Fung
Hong Kong

Refer to disclaimer on website: www.goldbarsworldwide.com

© Grendon International Research Pty Ltd 2014. All rights reserved.

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