How to calculate the value of 24-carat gold in GBP

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Determining the value of 24-carat gold in GBP is very straightforward. All you need to do is check the spot price of gold for a specific measurement and convert the USD price to GBP. For example, if the spot price of gold is $2,000 per troy ounce, the price of 24-carat gold will also be $2,000 per troy ounce, which you would convert into GBP. Bear in mind that a troy ounce is not the same as a regular ounce (1 troy ounce is 1.09714 ounces).

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