International Gold Traders Scrap
As the price of gold continues to fluctuate, international gold traders are facing increasing pressure to reduce costs and improve efficiency. One way to do this is to scrap old and unwanted gold jewelry.
Scrapping gold is a process of melting down gold jewelry and recovering the pure gold. This gold can then be sold to refineries or used to make new jewelry.
There are a number of companies that offer gold scrapping services. These companies typically charge a fee for their services, which is based on the weight of the gold being scrapped.
The process of gold scrapping is relatively simple. The gold jewelry is first melted down in a furnace. The molten gold is then poured into a mold to create a gold bar. The gold bar is then assayed to determine its purity.
The purity of the gold bar will determine its value. Gold bars with a higher purity are worth more than gold bars with a lower purity.
Gold scrapping is a good way for international gold traders to recycle old and unwanted gold jewelry and recover the pure gold. This gold can then be sold to refineries or used to make new jewelry.
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