Since a troy ounce is 31.1035 grams, you would need: 31.1035 ÷ 2.5 ≈ 12.44 pennies So, about 12 and a half pennies make up a troy ounce in weight. Q Is gold sold by the ounce or troy ounce?

In the international market, the COMEX gold price gained by 0.20 per cent today to trade at around USD 3,370.6 per troy ounce ...

Gold snapped a three-day winning streak, with front-month futures falling 0.1% to $3,351.50 a troy ounce.

Analysts at Citigroup are predicting gold prices to fall as low as $2,500 per troy ounce by the second half of 2026.

Gold futures had previously reached a record high on April 2, when prices rose above $3,200 per troy ounce. As of 11:29 p.m. Moscow time on April 2, the price of the precious metal was up 1.12% ...

Continuous gold futures on the New York Mercantile Exchange rose 0.3% to $2,999.30 a troy ounce in European evening trading, having reached as high as $3,017.10 a troy ounce earlier in the session.