What is cost per ounce?

A cost per ounce is the total cost to produce a unit per weight of a unit made in ounces. How to calculate the cost per ounce? First, determine the total cost per unit.

Are gold prices the same per ounce?

ARE THE GOLD PRICES PER OUNCE THE SAME AROUND THE GLOBE? One troy ounce of gold is the same around the world and for larger transaction are usually priced in U.S. dollars as that is the most active market; however, the value of an ounce of gold can be higher or lower based on the value of a nation’s currency.

What is a unit price?

The unit price is the cost per ounce, per pound, per kilogram, per liter, or other units of weight or volume of an item you want to buy. For example, let's say you're hungry for pancakes and need to buy some flour. In the shop, you have two choices: a smaller package - $1 for 1 kg, and a larger one - $1.35 for 1.5 kg.

How many ounces are in a pound?

On PricePerOz.com, we refer to the most commonly used ounce, the International avoirdupois dry ounce. There are 16 ounces in a pound. The ounce used on this site is a unit of mass (weight). If you need to compare prices of fluids, liquids, and any other items sold by volume, visit our calculator PricePerFlOz.com for fluid ounces.