just wondering and where can i find a site that offers free updates on all metals and there prices
2007-06-24 13:53:06 · 2 answers · asked by macgyver 1 in Business & Finance ➔ Other - Business & Finance
The previous response is all correct except there are only 12 troy ounces in a troy pound.
This is from Wikipedia:
In troy weight, there are 12 ounces in a pound, rather than 16 as in the more common avoirdupois system.
http://en.wikipedia.org/wiki/Troy_weight
$653.60 per ounce times 12 is US$7843.20
2007-06-24 15:26:46 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
You can find daily gold prices on the New York Mercantile Exchange (NYMEX) here:
http://www.nymex.com/gol_pre_agree.aspx
Gold is sold in troy ounces. There are 16 ounces per pound.
Gold is now about US$643/ounce. This makes a pound of the glittering stuff about US$10,288.
Nymex also has prices on many other (but not all) key industrial metals. You can look at the LME and Chicago Mercantile Exchange for additional metals pricing.
www.lme.co.uk
www.cme.com
Addendum: Ooops. Yup. That's right. There are 12 troy ounces in a pound. My bad. One thumbs up for you.
2007-06-24 15:12:34 · answer #2 · answered by csanda 6 · 0⤊ 0⤋