# Troy Ounces to Metric Tons (oz t to t)

Source: https://www.unitconvertercalculator.com/weight/troy-ounces-to-metric-tons/

**1 oz t = 3.11034768E-5 t**

One troy ounce equals approximately 0.0000311 metric tons, meaning about 32,151 troy ounces make one metric ton. The metric ton is the international standard for reporting gold reserves, while the troy ounce is the standard for pricing. These two units together govern the entire global gold market.

## Formula

Apply the conversion factor

## Conversion Table

| Troy Ounces (oz t) | Metric Tons (t) |
|---|---|
| 10 oz t | 0.000311034768 t |
| 50 oz t | 0.00155517384 t |
| 100 oz t | 0.00311034768 t |
| 500 oz t | 0.0155517384 t |
| 1000 oz t | 0.0311034768 t |
| 5000 oz t | 0.155517384 t |
| 10000 oz t | 0.311034768 t |
| 50000 oz t | 1.55517384 t |
| 100000 oz t | 3.11034768 t |
| 500000 oz t | 15.5517384 t |

## Units

### Troy Ounce (oz t)

A troy ounce is a unit of mass used for precious metals such as gold, silver, and platinum. It equals exactly 31.1034768 grams, about 10% heavier than the common avoirdupois ounce.

### Metric Ton (t)

A metric unit of mass equal to 1000 kilograms. Used for measuring heavy loads, cargo, and industrial quantities.

## Background

The World Gold Council, central banks, and the IMF report gold reserves in metric tons. Market prices quote troy ounces. Every gold reserve valuation requires converting metric-ton holdings to troy-ounce prices, making this the most financially important conversion in the precious metals world.

## Good to Know

The troy-ounce-to-metric-ton conversion is the mathematical bridge that governs the world's gold market. Prices in troy ounces, reserves in metric tons, and the factor of 32,151 between them determine the dollar value of every central bank's gold holdings, every gold ETF's net asset value, and every mining company's revenue. It is arguably the most financially consequential unit conversion in existence.

## FAQ

### How many troy ounces are in one metric ton?

One metric ton contains approximately 32,150.7 troy ounces. This is 1,000,000 grams divided by 31.1035 grams per troy ounce.

### How much is a metric ton of gold worth?

At approximately $2,200 per troy ounce, one metric ton of gold (32,151 troy oz) is worth about $70.7 million.

### How do I convert troy ounces to metric tons?

Multiply troy ounces by 0.0000311. For example, 100,000 troy ounces equals about 3.11 metric tons.

## Non-Frequently Asked Questions

### How many metric tons of gold exist on Earth?

Approximately 200,000 to 210,000 metric tons have been mined throughout human history, worth roughly $14 to $15 trillion at current prices. An additional estimated 50,000 metric tons remain in economically accessible deposits. The ocean contains about 20 million metric tons of dissolved gold, but at concentrations too low for profitable extraction.

### How compact is one metric ton of gold?

Gold's density of 19.3 g/cm3 means one metric ton occupies just 51.8 liters, roughly the volume of a large suitcase. You could fit $70.7 million worth of gold in a carry-on bag, though at 1,000 kilograms you would need a forklift rather than a baggage handler.

### If all the world's gold were distributed equally, how much would each person get?

About 200,000 metric tons divided by 8 billion people gives roughly 25 grams (0.8 troy ounces) per person, worth about $1,760. Global gold wealth is heavily concentrated: central banks hold about 35,000 metric tons, and a small number of individuals and corporations hold much of the rest.

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## See Also

- [Metric Tons to Troy Ounces](https://www.unitconvertercalculator.com/weight/metric-tons-to-troy-ounces/)