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Why do international spot gold investment (London gold) use ounces as the trading unit, while domestic gold investment does not use ounces?
"Oz" is an international unit of gold measurement. An ounce is about one or two times the old weights and measures in China (16 is a catty).

There are two kinds of ounces: the constant scale and the gold scale. When weighing general goods, 1 ounce is equal to 28.3495g, and when weighing gold, it is 31.1034768g.

Spot gold is London Gold, the earliest and largest spot gold exchange in the world, and futures gold is on the new york Stock Exchange.

Ounce is a common unit in Europe and America, and Hong Kong, Japan, South Asia and other countries or regions also have their own units.

However, spot gold is London gold, which is an internationally introduced variety. Domestic spot gold and foreign exchange are not allowed, and they are all investment varieties with leverage greater than 100 times. We can only register and open an account in the outer disk for trading.

Paper gold and gold TD in Shanghai Gold Exchange are quoted in grams and RMB. ?

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