Historical measurement of gold...

• a fine ounce is a troy ounce of 99.5% (".995") pure gold,

• a standard ounce is a troy ounce of 22 carat gold, 91.66% pure (11 "fine ounces" plus one ounce of alloy material),

• in modern day, an ounce of gold (1 troy ounce) is referred as a 99.99% pure gold piece or gold grains (gold shot). [Wikipedia]

In other words, 1 ounce of gold (1 t oz / 1 ozt) today is 99.99% pure gold.

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