Gold & Silver

A question:
The prices I see on the charts for gold and silver,
e.g. $443 and $7 respectively,
are they per ounce or per *troy* ounce?
 
Quote from tomcole:

Per Fine Troy Ounce, to be precise!

Do you mean 0.9999 pure?
And 1 troy oz = 1.097 oz or something?

Are you sure?
 
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