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gold prices for scrap jewelry

For example a 10k gold ring is 1024ths gold or 4167 gold content so if your ring weighs 1 gram and the spot price of gold is at 40 per gram then your ring has 1667 worth of gold content 14k is 1424ths gold or 5833 purity 18k is 1824ths or 75 purity and 22k is 2224ths or 9167 purity


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