What Does “oz” Stand For On Your Website? April 23, 2026 05:16 Updated “oz” refers to a Troy ounce, the traditional unit used for precious metals.1 Troy ounce = 31.1035 grams Related articles Why Is A Troy Ounce Different From A Regular Ounce? What Is The Sell‑back Service? What Metals Are Available For Purchase? What Does “IPM” Mean?