Understanding Pennyweights (Dwt) And Ounces (Oz): A Conversion Guide For Precious Metals
Understanding the relationship between pennyweights (dwt) and ounces (oz) is crucial for precious metals measurements. In the troy weight system, a troy ounce, denoted as oz t, is 1/12 of a troy pound and is used specifically for precious metals. A pennyweight, abbreviated as dwt, is defined as 1/20 of a troy ounce or 24…