How do you calculate the value of 1 gram of silver?

Internationally, the metal value of silver is given in US dollars and troy ounces, so the different weight units must be taken into account when converting. An example: The current price of silver is $23.74 per troy ounce (as of March 5, 2024). 1 gram of silver is equal to 0.0321507 troy ounces. Therefore, the metal value of 1 gram of silver is approximately 0.76 US dollars (23.74 x 0.0321507).