Therefore, any item that contains gold and is meant to be reprocessed can be considered scrap gold
For example, if you sell your old jewelry to a gold dealer, who will send it to a refinery, the items you sell will be bought as scrap gold.
How Scrap Gold Is Weighed and Measured
When bought and sold, scrap gold is often weighed in troy ounces: 1 troy ounce is equal to 31.1 grams (1 gram = 0.032 troy ounces).
(1 regular ounce is…