Convert troy ounces to metric tons for gold, silver, and precious metal trading. Accurate calculator with real-world examples for jewelers, traders, and refineries.
1 troy ounce equals 0.000031103521851779275 metric ton
Formula: t = oz t × 0.0000311035
Converting troy ounces to metric tons is essential for the precious metals industry. With 1 troy ounce equaling 0.0000311035 metric tons, or conversely 1 metric ton containing approximately 32,150.7 troy ounces, precision is critical for traders, jewelers, and refineries managing valuable inventories worth millions of dollars.
Precious metals trading operates on razor-thin margins where even small conversion errors translate to significant financial losses. A single troy ounce of gold currently valued at approximately $2,000 means that a 1% conversion error on a 10,000 troy ounce shipment could result in a $200,000 discrepancy. Accurate conversion between troy ounces and metric tons is legally required for international bullion transactions, customs documentation, and inventory audits.
Refineries and bullion dealers process precious metals in troy ounces but report reserves and inventory in metric tons to regulatory bodies. International gold and silver traders must convert between these units for spot price calculations, futures contracts, and international settlement. Accuracy determines profit margins and regulatory compliance across borders.
Jewelry manufacturers source precious metals in troy ounces from suppliers but calculate production costs and inventory management in metric tons for large-scale operations. Designers must understand both units to quote projects accurately, manage waste percentage, and maintain consistent quality standards across production batches.
| troy ounces | metric tons |
|---|---|
| 10 oz t | 0.000311 t |
| 50 oz t | 0.001555 t |
| 100 oz t | 0.00311 t |
| 500 oz t | 0.015552 t |
| 1000 oz t | 0.031104 t |
Formula: t = oz t × conversion factor
The troy ounce is a widely used unit for measuring weight. It is commonly used in various applications and industries worldwide.
The metric ton is a widely used unit for measuring weight. It is commonly used in various applications and industries worldwide.
This troy ounce to metric ton converter uses high-precision conversion factors to ensure accurate results for professional and academic use.
Our calculator provides results with up to 10 decimal places for maximum accuracy.
One metric ton contains exactly 32,150.7466 troy ounces. This precise conversion is critical for precious metals trading because even small errors multiply across large quantities. For example, a 100-metric-ton gold shipment contains 3,215,074.66 troy ounces. Understanding this relationship is essential for traders converting between spot prices quoted in troy ounces per unit and total holdings measured in metric tons.
The troy ounce became the international standard for precious metals trading centuries before the metric system was adopted. The London Bullion Market, established in the 1600s, standardized precious metals pricing in troy ounces. Today, global spot prices for gold, silver, platinum, and palladium are quoted exclusively in troy ounces per unit, making it the de facto standard despite the metric system's global dominance. Changing this would require coordinating international markets and would disrupt centuries of trading conventions.
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