Scrap Gold is gold that has been made once, but is returned to the gold factory to be melted down and returned to the production cycle. Therefore, any product or product, from rings and necklaces to ingots, in which gold is used in its manufacture, can be melted down and used again, and for this reason, it is referred to as melted gold. For example, if you sell your old gold, the goldsmith will send it to the factory and call it "melted gold". Everyone's mind melts together. That is, when these types of gold are sent to the smelter, only after melting, the exact number of their carat will be determined. The term "melted" is used for various gold items such as bangles, rings and other items, none of which are the basic criteria for the gold market due to the difference in price and quality.
What are the types of molten gold?
Conventional melted gold
These golds are less than 900 carat, which are obtained by melting second-hand and miscellaneous gold. Ordinary molten gold determines the market price.
Bullion molten gold
These golds have a carat of over 900, which are also called sharp gold and rank Second are gold market transactions. The purchase price of each shekel of this gold is between 300 and 500 Tomans more than the market price, and its selling price is between 200 and 300 Tomans more than the market price, which is considered one of the best deals.
What does molten gold look like?
This type of gold can have different weights and shapes, but it is usually in the form of wire. Workshops and factories melt gold bars or second-hand gold artifacts, gold ingots or anything else made of gold, then pour them into molds in the form of wire and turn them into a piece of melted gold with 18 karat. >
The reason scrap gold is wire shaped is so that the goldsmith can cut it and leave the rest of the melted gold intact. It is also easier to transport melted gold in the form of wire.
How is molten gold measured?
Second-hand gold after purchase is often measured in troy ounces: 1 troy ounce equals 31.1 grams. (one gram is equal to 0.032 troy ounces). A regular ounce is equal to 28.34 grams, that is, one gram is equal to 0.035 ounces. Of course, you should know that the price standard for gold with different carats in the Iranian market is based on melted 17 carat gold (or 705 gold). In Iran, unlike the global gold market, where 31.103 grams of pure 24-carat gold is the standard for pricing gold derivatives, only one gram of molten gold is the standard. Pennyweight is abbreviated dwt. A pennyweight is roughly equivalent to 1.555 grams, 0.05 troy ounces, or 0.055 ounces. Or conversely, one gram is equal to 0.64 pennyweight, one troy ounce is equal to 20 dwt, and one ounce is equal to 18.23 dwt.
What is the difference between melted gold and raw gold?
Raw gold is different from melted gold. Raw gold is gold that is obtained from mines and after going through a complex process, they are offered in the form of 24 carat bars in the market, industry, workshops and gold factories; However, melted gold is obtained from the melting of different and second-hand gold and is bought and sold in the market with an equivalent of 18 carats.