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What Do the Gold Terms “Karat”, “Troy” and “ozt” Mean?

gold in coins, nuggets and ingots

What’s the Diff? What’s the difference between 1 troy ounce of gold and 1 (regular) ounce? What’s the difference between 18 and 10 karat gold?  Let me explain. What’s a “Karat” The term “karat” is used to describe the unit of measurement for the proportion of gold (i.e. % purity of the gold content) in […]

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