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<p>[QUOTE=&quot;kanga, post: 2479412, member: 9270&quot;]This appears to be the closest category for my questions.</p><p><br /></p><p>1. Is the gold spot listed on a site such as KITCO the price of a <b>Troy </b>ounce?</p><p>If not, where do I find the gold spot for a <b>Troy </b>ounce?</p><p><br /></p><p>2. If I want to deal in grams should I divide the gold spot by 31.1 to get the price per gram?</p><p><br /></p><p>3. If I&#039;m dealing with something labeled in karats, should I use this formula to get the bullion value of an item:</p><p><br /></p><p>Value = Gold Spot <b>times </b>grams/31.1 <b>times</b> karats/24</p><p><br /></p><p>Or is there a nice site that will do this for me?</p><p>(But I&#039;d still like to know if my formula is correct.)[/QUOTE]</p><p><br /></p>

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