ozt
Units & Measurements abbreviation · US Customary and Imperial Unit
| Stands for | Troy ounce |
|---|---|
| Categories | Units & Measurements |
ozt stands for Troy ounce, a US customary and imperial unit abbreviation.
The unit for pricing gold, silver, platinum and palladium, equal to about 31.10 grams, roughly 10 percent heavier than the everyday avoirdupois ounce. Bullion coins and spot prices are quoted per troy ounce.
Example: Each round contains 1 ozt of .999 fine silver and is stamped with its weight and purity.
Usage notes
Also written oz t or t oz. Twelve troy ounces make a troy pound, which is lighter than the avoirdupois pound even though its ounces are heavier. The name likely comes from the market town of Troyes in France. A one-ounce American Gold Eagle contains one troy ounce of gold.