Gold is weighed in troy pounds and ounces. There are 12 ounces to the pound, and the pound is 5760 grains. Note that these are not the same ounces and pounds as used for weighing common materials (avoirdupois measure).How do you calculate the value of gold?
One gram of gold equals 0.035274 ounces. Multiply the number of grams (3) by 0.035274 to determine the number of ounces (1.06). To find its value, check the spot value of gold online per ounce and multiply by the number of ounces for an approximate value.