Buying Gold and Silver for Beginners. How is Gold and Silver Valued in Currency

What is Spot Price? How do I convert the value of Gold in Troy Ounces to Grams? In today's video I discuss spot price and what it is and how to convert the value of gold and silver in troy ounces to kilograms or grams.

First, look up the current spot price of gold or silver in Troy Ounces here:
https://www.kitco.com/market/

Once you have the current spot price in Troy Ounces, you can convert the Spot Price of Gold or Silver into Grams or Kilograms following the guide below.

Troy Ounce to Grams. Divide the 1 troy ounce spot price by 31.103478 to determine the spot price in grams.

Troy Ounce to Kilos. Multiply the 1 Troy ounce spot price by 32.150743 to determine the spot price in Kilos.

Grams to Troy Ounces. Multiply the 1-gram spot price by 31.103478 to determine the spot price in Troy Ounces.

Grams to Kilos. Multiply the 1-gram spot price by 1,000 to determine the spot price in kilos.

Kilos to Troy Ounces. Divide the 1 kilo spot price by 32.150743 to determine the spot price in Troy Ounces.

Kilos to Grams. Divide the 1 kilo spot price by 1000.

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