How much is hundred pounds of gold worth?

Gold and precious metals are sold in TROY ounces- a bit different from everyday oz. There are 14.83 troy oz to a standard pound- or 1483 troy oz to 100 standard pounds. The US price for gold this morning is $1124.93 per oz. At today's prices (and they DO change hour by hour) 100 standard pounds of pure gold would be worth $1,668,271.19