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A gold shop in Thailand. The necklace chains are denoted by their weight in baht.. The tical is a unit of mass (or weight in the colloquial sense) historically used in Mainland Southeast Asia, particularly in the predecessor states of Myanmar, where it is known as the kyat (kyattha), and of Cambodia and Thailand, where it is known as the baht (bat).
The baht is still used as a unit of measurement in gold trading. However, one baht of 96.5% gold bullion is defined as 15.16 grams rather than the generic standard of 15 grams. The baht has also become the name of the currency of Thailand, which was originally fixed to the corresponding mass of silver.
Since the standard purity of Thai gold is 96.5 percent, the actual gold content of one baht by weight is 15.244 × 0.965 = 14.71046 grams; equivalent to about 0.473 troy ounces. 15.244 grams is used for bullion; in the case of jewellery, one baht should be more than 15.16 grams.
In general the silver tael weighed around 40 grams (1.3 ozt). The most common government measure was the Kuping ( 庫平 ; kùpíng ; 'treasury standard') tael, weighing 37.5 grams (1.21 ozt). A common commercial weight, the Caoping ( 漕平 ; cáopíng ; 'canal shipping standard') tael weighed 36.7 grams (1.18 ozt) of marginally less pure silver.
Troy weights were first used in England in the 15th century and were made official for gold and silver in 1527. [1] The British Imperial system of weights and measures (also known as Imperial units ) was established in 1824, prior to which the troy weight system was a subset of pre-Imperial English units .
A troy ounce equals 1.097 standard ounces, or about 10 percent more, and it’s the standard measure for the weight of gold. ... This bar weighs a stunning 27.4 pounds and is worth $959,000 at the ...
In Homer's poems, it is always used of gold and is thought to have been quite a small weight of about 8.5 grams (0.30 oz), approximately the same as the later gold stater coin or Persian daric. In later times in Greece, it represented a much larger weight, approximately 3,000 times as much: an Attic talent was approximately 26.0 kilograms (57 ...
Additionally, the kilobar, weighing 1,000 grams (32.15 troy ounces), and the 100-troy-ounce (109.7-ounce; 6.9-pound; 3.1-kilogram) gold bar are popular for trading and investment due to their more manageable size and weight. [1] These bars carry a minimal premium over the spot price of gold, facilitating small transfers between banks and ...