How Much Is 2 Grams of Gold Worth Today?

Are you wondering how much 2 grams of gold are worth? This article from HOW.EDU.VN breaks down the factors determining gold value and helps you estimate the current worth of your gold. Discover how gold purity, spot price, and market conditions influence the final price, and learn how to get an expert valuation. Get insights on gold investing, selling gold jewelry, and understanding gold prices.

1. Understanding the Basics: What Determines the Price of Gold?

The price of gold is influenced by various factors that fluctuate constantly in the global market. Knowing these elements is crucial for anyone looking to invest in, sell, or simply understand the value of gold. Let’s explore the main components:

1.1. Spot Price: The Benchmark for Gold Value

The spot price is the current market price at which gold can be bought or sold for immediate delivery. It serves as the benchmark for valuing gold and is quoted per troy ounce (approximately 31.1035 grams). This price is derived from trading activity on major exchanges around the world.

1.1.1. How the Spot Price is Determined

The spot price is determined by real-time supply and demand dynamics in the global gold market. Factors influencing supply include mining production, central bank sales, and recycling. Demand is driven by investment, jewelry fabrication, industrial uses, and geopolitical events.

Market Dynamics: The interplay of buying and selling pressures adjusts the spot price continuously.
Global Exchanges: Major exchanges such as the COMEX (Commodity Exchange) in New York and the London Bullion Market play a significant role in price discovery.

1.1.2. Monitoring the Spot Price

You can monitor the spot price of gold through various financial websites, news outlets, and specialized commodity tracking services. These resources provide up-to-date information, often with charts and analysis to help you understand price trends.

Financial Websites: Reputable sites like Bloomberg, Reuters, and MarketWatch offer real-time gold prices.
Specialized Services: Websites dedicated to precious metals, such as Kitco and GoldPrice.org, provide detailed information and historical data.

1.2. Gold Purity: Karats and Their Impact on Value

Gold purity is measured in karats (K), with 24K representing 100% pure gold. However, pure gold is too soft for most practical uses, so it is often alloyed with other metals to increase its durability.

1.2.1. Different Karats and Their Composition

24K Gold: 99.9% pure gold, typically used for bullion and investment-grade gold.
22K Gold: Approximately 91.67% gold, often used in jewelry, particularly in some Asian countries.
18K Gold: 75% gold, a common choice for jewelry due to its balance of purity and durability.
14K Gold: 58.3% gold, more durable and affordable than higher karat gold, making it popular for everyday wear.
10K Gold: 41.7% gold, the minimum standard for gold jewelry in the United States.

1.2.2. Purity’s Effect on Price

The higher the karat, the greater the proportion of gold and thus the higher the value. For example, 2 grams of 24K gold will be worth significantly more than 2 grams of 10K gold because it contains a higher percentage of pure gold.

Value Proportion: The value is directly proportional to the gold content.
Alloying Metals: The type and proportion of other metals used in the alloy can also affect the price, though to a lesser extent than the karat.

1.3. Market Conditions: Supply, Demand, and Economic Factors

Market conditions play a pivotal role in determining the price of gold. Supply and demand, economic indicators, and geopolitical events all contribute to price fluctuations.

1.3.1. Supply and Demand Dynamics

Supply: Gold supply comes from mining, recycling, and central bank sales. A decrease in supply can drive prices up.
Demand: Demand is influenced by jewelry fabrication, industrial applications, and investment. Increased demand can also increase prices.

1.3.2. Economic Factors

Economic indicators such as inflation, interest rates, and currency values can significantly impact gold prices.

Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors may turn to gold, increasing demand and price.
Interest Rates: Higher interest rates can make interest-bearing investments more attractive, potentially reducing demand for gold.
Currency Values: Gold is often priced in U.S. dollars, so fluctuations in the dollar’s value can affect gold prices for international buyers.

1.3.3. Geopolitical Events

Geopolitical instability and uncertainty often drive investors to gold as a safe haven asset, increasing demand and prices.

Political Instability: Events such as wars, political crises, and social unrest can lead to a “flight to safety,” boosting gold prices.
Economic Uncertainty: Economic downturns, recessions, and financial crises can also increase demand for gold as investors seek to preserve capital.

1.4. Currency Exchange Rates

Gold is typically priced in U.S. dollars, so the exchange rate between the dollar and your local currency can affect the price you pay.

1.4.1. Impact of Exchange Rates on Gold Price

Strong Dollar: A strong U.S. dollar can make gold more expensive for buyers using other currencies.
Weak Dollar: A weak U.S. dollar can make gold less expensive for international buyers.

1.4.2. Converting Gold Price to Local Currency

To determine the price of gold in your local currency, you need to convert the U.S. dollar price using the current exchange rate. Many online tools and financial websites provide currency conversion services.

2. Calculating the Value of 2 Grams of Gold

To calculate the value of 2 grams of gold, you need to consider the spot price and the purity (karat) of the gold. Here’s a step-by-step guide:

2.1. Step-by-Step Guide to Calculation

2.1.1. Find the Current Spot Price of Gold

First, find the current spot price of gold per troy ounce in U.S. dollars. You can find this information on financial websites like Bloomberg, Reuters, or specialized precious metals sites like Kitco.

2.1.2. Convert the Spot Price to Grams

Since the spot price is quoted per troy ounce, you need to convert it to grams. One troy ounce is approximately 31.1035 grams.

Price per gram = Spot price per troy ounce / 31.1035

2.1.3. Determine the Purity of the Gold

Identify the karat of your gold. For example, if you have 18K gold, it is 75% pure gold. Convert this percentage to a decimal by dividing by 100 (e.g., 75% = 0.75).

2.1.4. Calculate the Pure Gold Content

Multiply the price per gram by the purity percentage to find the value of pure gold per gram.

Value of pure gold per gram = Price per gram × Purity percentage

2.1.5. Calculate the Value of 2 Grams

Finally, multiply the value of pure gold per gram by 2 to find the value of 2 grams of gold.

Value of 2 grams of gold = Value of pure gold per gram × 2

2.2. Example Calculation

Let’s assume the current spot price of gold is $2,300 per troy ounce, and you want to find the value of 2 grams of 18K gold (75% purity).

Find the spot price: $2,300 per troy ounce
Convert to grams: $2,300 / 31.1035 grams = $73.95 per gram
Determine purity: 18K gold is 75% pure, or 0.75
Calculate pure gold content: $73.95 per gram × 0.75 = $55.46 per gram
Calculate value of 2 grams: $55.46 per gram × 2 = $110.92

Therefore, 2 grams of 18K gold would be worth approximately $110.92 in this example.

2.3. Online Gold Calculators

Several online gold calculators can simplify this process. These calculators typically ask for the spot price, gold purity, and weight in grams to provide an estimated value.

2.3.1. Using Online Tools for Quick Estimates

Accessibility: Online calculators are readily available and easy to use.
Efficiency: They provide quick estimates, saving you time and effort.
Accuracy: While generally accurate, they rely on the spot price data they are linked to, so ensure the source is reliable.

2.3.2. Recommended Gold Calculators

Kitco: Offers a comprehensive gold calculator with real-time spot prices.
GoldPrice.org: Provides various calculators for different types of gold.
CoinApps.com: Features specialized calculators for scrap gold and gold coins.

3. Factors Affecting the Value of Your Gold Items

Beyond the spot price and purity, several other factors can affect the value of your gold items. These include the type of gold, its condition, and any additional features.

3.1. Type of Gold: Bullion, Jewelry, or Scrap?

The form of your gold can significantly influence its value. Bullion, jewelry, and scrap gold are valued differently based on their intended use and market demand.

3.1.1. Gold Bullion

Gold bullion refers to physical gold in the form of bars, coins, or rounds, typically investment-grade with high purity (24K or 99.9% pure).

Investment Value: Valued primarily for its gold content and purity.
Premium: May carry a small premium above the spot price due to minting and distribution costs.

3.1.2. Gold Jewelry

Gold jewelry includes items such as necklaces, rings, bracelets, and earrings. The value of gold jewelry depends on its gold content (karat), weight, design, and brand.

Gold Content: The primary factor, as higher karat jewelry contains more gold.
Design and Brand: Unique designs and reputable brands can add value.
Craftsmanship: High-quality craftsmanship can also increase the value.

3.1.3. Scrap Gold

Scrap gold refers to old, broken, or unwanted gold items that are melted down for their gold content. This includes damaged jewelry, dental gold, and other gold waste.

Melt Value: Valued solely for its gold content, without regard for design or craftsmanship.
Purity Assessment: Requires accurate assessment of purity to determine the gold content.

3.2. Condition of the Gold Item

The condition of your gold item can affect its value, especially for jewelry and collectible coins.

3.2.1. Impact on Jewelry Value

Wear and Tear: Scratches, dents, and other damage can reduce the value of jewelry.
Intact Condition: Jewelry in good condition, with minimal wear, will retain more of its value.

3.2.2. Impact on Coin Value

Grading: Coins are graded based on their condition, with higher grades commanding higher prices.
Numismatic Value: Rare or historically significant coins in excellent condition can have significant numismatic value.

3.3. Additional Features: Gemstones, Design, and Historical Significance

Features such as gemstones, unique designs, and historical significance can add value to gold items, particularly jewelry and collectibles.

3.3.1. Gemstones in Jewelry

Value Addition: High-quality gemstones, such as diamonds, emeralds, and sapphires, can significantly increase the value of gold jewelry.
Certification: Gemstones with certifications from reputable labs (e.g., GIA, AGS) are more valuable.

3.3.2. Unique Designs and Craftsmanship

Artistic Value: Intricate designs and high-quality craftsmanship can add artistic value to gold items.
Designer Pieces: Jewelry from well-known designers or brands often commands higher prices.

3.3.3. Historical Significance

Collectible Value: Gold items with historical significance, such as antique jewelry or rare coins, can be highly valuable to collectors.
Provenance: Provenance (the history of ownership) can also increase the value of historical items.

4. Where to Find the Most Accurate Gold Price

Finding the most accurate and up-to-date gold price is essential whether you’re buying, selling, or just tracking the market. Here are reliable sources and methods to ensure you’re informed.

4.1. Reputable Online Resources

Several online resources offer real-time gold prices and historical data. These sites are typically updated frequently and provide valuable information for tracking gold prices.

4.1.1. Financial Websites

Bloomberg: Offers real-time gold prices, market news, and analysis.
Reuters: Provides up-to-date gold prices and financial news coverage.
MarketWatch: Features gold prices, market commentary, and investment advice.

4.1.2. Precious Metals Websites

Kitco: A leading source for gold prices, news, and analysis, with interactive charts and tools.
GoldPrice.org: Provides gold prices in various currencies and units, along with historical data and news.

4.2. Direct from Gold Dealers

Checking directly with gold dealers can provide accurate local pricing, as they often base their prices on the current spot price plus a premium.

4.2.1. Local Gold Dealers

Pricing Information: Local dealers can offer prices specific to your region, accounting for local market conditions.
Relationship Building: Establishing a relationship with a local dealer can provide ongoing access to market insights.

4.2.2. Online Gold Retailers

JM Bullion: A reputable online retailer offering competitive gold prices.
APMEX: Another well-known online dealer with a wide selection of gold products and real-time pricing.

4.3. Financial News Outlets

Following financial news outlets can keep you informed about factors that influence gold prices, such as economic reports, geopolitical events, and market trends.

4.3.1. Major News Providers

CNBC: Offers live market updates, financial news, and expert commentary on gold prices.
The Wall Street Journal: Provides in-depth coverage of financial markets, including gold.
Financial Times: A global news organization that covers financial markets and economic trends.

4.3.2. Specialized Market Analysis

MarketWatch: MarketWatch provides real-time updates, comprehensive data, and tools that can help you assess live gold prices and related market movements.
Seeking Alpha: This platform gathers insights from a wide network of contributors, delivering diverse viewpoints on gold investments and market dynamics.

5. Selling Gold: What to Expect

Selling gold involves several steps, from assessing its value to finding a reputable buyer. Knowing what to expect can help you navigate the process smoothly and get a fair price.

5.1. Assessing the Value of Your Gold

Before selling your gold, it’s crucial to have a clear understanding of its value. This involves determining the purity and weight of the gold and checking the current spot price.

5.1.1. Determining Gold Purity

Hallmarks: Look for hallmarks on your gold items, which indicate the karat (purity) of the gold.
Professional Appraisal: If you’re unsure about the purity, consider getting a professional appraisal.

5.1.2. Weighing Your Gold

Accurate Scale: Use an accurate scale to weigh your gold in grams or troy ounces.
Professional Weighing: For high-value items, consider having the gold weighed by a professional.

5.1.3. Checking the Spot Price

Real-Time Data: Use reliable online resources to check the current spot price of gold.
Historical Data: Review historical price trends to understand market dynamics.

5.2. Finding a Reputable Buyer

Choosing the right buyer is crucial for getting a fair price for your gold. Consider the following options:

5.2.1. Local Gold Buyers

Research: Look for local gold buyers with good reputations and positive reviews.
Comparison: Get quotes from multiple buyers to ensure you’re getting a competitive price.

5.2.2. Online Gold Buyers

Reputation: Check the buyer’s reputation and read reviews before sending your gold.
Insurance: Ensure the buyer provides insurance for your gold during shipping.

5.2.3. Pawn Shops

Quick Option: Pawn shops can offer a quick way to sell gold, but they may offer lower prices than other buyers.
Negotiation: Be prepared to negotiate the price.

5.3. Understanding the Selling Process

The selling process typically involves the following steps:

5.3.1. Getting a Quote

Initial Assessment: The buyer will assess the purity and weight of your gold.
Price Offer: You’ll receive a price offer based on the gold content and current market price.

5.3.2. Negotiating the Price

Market Knowledge: Use your knowledge of the spot price and gold content to negotiate a fair price.
Multiple Offers: Get offers from multiple buyers to strengthen your negotiating position.

5.3.3. Payment Options

Cash: Some buyers may offer cash payments for gold.
Check: A common payment method, especially for larger transactions.
Bank Transfer: A secure way to receive payment directly into your bank account.

6. Investing in Gold: A Brief Overview

Investing in gold can be a strategic way to diversify your portfolio and hedge against economic uncertainty. Here’s a brief overview of the different ways to invest in gold:

6.1. Physical Gold: Bullion and Coins

Investing in physical gold involves purchasing gold bullion, coins, or bars.

6.1.1. Advantages of Physical Gold

Tangible Asset: Physical gold is a tangible asset that you can hold and store.
Hedge Against Inflation: Gold is often seen as a hedge against inflation and currency devaluation.

6.1.2. Disadvantages of Physical Gold

Storage Costs: Storing physical gold can incur costs, such as safe deposit box fees.
Liquidity: Selling physical gold may take time and effort to find a buyer.

6.2. Gold ETFs and Mutual Funds

Gold ETFs (Exchange Traded Funds) and mutual funds invest in gold or gold mining companies, providing a way to gain exposure to gold without owning physical gold.

6.2.1. Advantages of Gold ETFs and Mutual Funds

Liquidity: ETFs and mutual funds are highly liquid and can be easily bought and sold on stock exchanges.
Diversification: Gold funds may invest in a variety of gold-related assets, providing diversification.

6.2.2. Disadvantages of Gold ETFs and Mutual Funds

Management Fees: Gold funds charge management fees, which can reduce returns.
Tracking Error: ETFs may not perfectly track the spot price of gold due to various factors.

6.3. Gold Mining Stocks

Investing in gold mining stocks involves purchasing shares of companies that mine gold.

6.3.1. Advantages of Gold Mining Stocks

Leverage: Gold mining stocks can offer leverage to the price of gold, as their profits can increase significantly when gold prices rise.
Dividend Income: Some gold mining companies pay dividends, providing income to shareholders.

6.3.2. Disadvantages of Gold Mining Stocks

Company-Specific Risk: Gold mining stocks are subject to company-specific risks, such as operational issues and management decisions.
Market Volatility: Gold mining stocks can be more volatile than physical gold or gold ETFs.

7. Common Misconceptions About Gold Value

There are several common misconceptions about gold value that can lead to misunderstandings and poor decisions. Here are some of the most prevalent myths:

7.1. Gold is Always a Safe Investment

The Misconception: Gold is often touted as a “safe haven” asset, leading many to believe it’s a foolproof investment regardless of economic conditions.
The Reality: While gold can act as a hedge against inflation and economic uncertainty, its price is still subject to market volatility. It can experience significant price swings based on various factors, including interest rates, currency fluctuations, and investor sentiment.

7.1.1. Historical Performance

Past Trends: Analyzing historical gold prices reveals periods of both substantial gains and notable declines.
Economic Context: Gold’s performance is closely tied to specific economic events and conditions, such as periods of high inflation or geopolitical instability.

7.1.2. Risk Factors

Market Volatility: Gold prices can fluctuate significantly in the short term, leading to potential losses.
Opportunity Cost: Investing in gold may mean missing out on potential gains from other asset classes, such as stocks or bonds.

7.2. All Gold Jewelry is Worth the Same

The Misconception: Many people assume that all gold jewelry has the same value based solely on its weight and karat.
The Reality: The value of gold jewelry is influenced by several factors beyond its gold content, including design, brand, craftsmanship, and the presence of gemstones.

7.2.1. Design and Brand

Artistic Value: Unique or intricate designs can add significant value to jewelry.
Designer Pieces: Jewelry from well-known designers or brands often commands higher prices due to their reputation and craftsmanship.

7.2.2. Gemstones and Other Materials

Gemstone Quality: The quality, size, and type of gemstones (such as diamonds, emeralds, or sapphires) can significantly increase the value of gold jewelry.
Other Materials: The presence of other precious metals or materials can also affect the overall value.

7.3. The Spot Price is What You’ll Get When Selling

The Misconception: Many sellers believe they will receive the exact spot price of gold when selling their gold items.
The Reality: The spot price is a benchmark for the value of pure gold in the market. When selling gold items, buyers typically offer a price below the spot price to cover their costs and profit margins.

7.3.1. Buyer Costs and Margins

Refining Costs: Buyers incur costs for refining and processing the gold.
Operating Expenses: They also need to cover their operating expenses, such as rent, salaries, and marketing.

7.3.2. Factors Affecting the Offer Price

Purity and Weight: The purity and weight of the gold are key factors in determining the offer price.
Market Conditions: Current market conditions and demand for gold can also influence the price offered.

7.4. Higher Karat Always Means More Valuable

The Misconception: It’s commonly believed that higher karat gold jewelry is always more valuable and desirable.
The Reality: While higher karat gold contains a greater percentage of pure gold, it is also softer and less durable than lower karat gold. The ideal karat for jewelry depends on the intended use and personal preferences.

7.4.1. Durability and Practicality

Lower Karat Gold: Lower karat gold (such as 14K or 10K) is more durable and resistant to scratches and dents, making it suitable for everyday wear.
Higher Karat Gold: Higher karat gold (such as 22K or 24K) is softer and more prone to damage, making it better suited for special occasion jewelry or investment purposes.

7.4.2. Personal Preferences

Appearance: Some people prefer the rich color of higher karat gold, while others prefer the durability and affordability of lower karat gold.
Lifestyle: The ideal karat for jewelry depends on the wearer’s lifestyle and activities.

7.5. Gold Prices Only Go Up

The Misconception: Some investors believe that gold prices will always increase over time.
The Reality: Like any investment, gold prices are subject to market cycles and can experience periods of both growth and decline.

7.5.1. Market Cycles

Economic Factors: Gold prices are influenced by various economic factors, such as inflation, interest rates, and currency values.
Geopolitical Events: Geopolitical events and global crises can also impact gold prices.

7.5.2. Diversification

Portfolio Strategy: It’s important to diversify your investment portfolio and not rely solely on gold.
Risk Management: Consider your risk tolerance and investment goals when investing in gold.

Understanding these misconceptions can help you make informed decisions when buying, selling, or investing in gold.

8. Expert Insights on Gold Valuation

Getting insights from experts in gold valuation can provide a more accurate and comprehensive understanding of the value of your gold items. Here’s why expert advice is valuable and how to access it.

8.1. The Importance of Professional Appraisals

Professional appraisals offer several benefits over self-assessment, including accuracy, objectivity, and detailed documentation.

8.1.1. Accuracy and Expertise

Trained Professionals: Appraisers have specialized training and knowledge to accurately assess the value of gold items.
Specialized Tools: They use specialized tools and techniques to determine the purity, weight, and condition of gold items.

8.1.2. Objectivity

Unbiased Assessment: Appraisers provide an unbiased assessment of value, without emotional attachment or personal bias.
Market Knowledge: They have up-to-date knowledge of market conditions and pricing trends.

8.1.3. Detailed Documentation

Written Reports: Appraisers provide detailed written reports that document the assessment process and findings.
Legal and Insurance Purposes: These reports can be used for legal, insurance, and estate planning purposes.

8.2. How to Find Qualified Appraisers

Finding a qualified appraiser is essential for getting an accurate and reliable valuation. Here are some resources to help you find a reputable appraiser:

8.2.1. Professional Organizations

American Society of Appraisers (ASA): The ASA is a professional organization for appraisers, offering certification and education programs.
International Society of Appraisers (ISA): The ISA provides training and certification for appraisers specializing in various areas, including jewelry and precious metals.

8.2.2. Referrals

Jewelers and Gold Dealers: Ask local jewelers and gold dealers for referrals to reputable appraisers in your area.
Financial Advisors: Consult with your financial advisor for recommendations.

8.3. Questions to Ask an Appraiser

Before hiring an appraiser, it’s important to ask the right questions to ensure they are qualified and experienced. Here are some key questions to ask:

8.3.1. Qualifications and Experience

Certifications: Ask about the appraiser’s certifications and professional affiliations.
Experience: Inquire about their experience appraising gold items and their knowledge of the market.

8.3.2. Appraisal Process

Methodology: Ask about the appraisal process and the methods they use to determine value.
Documentation: Inquire about the type of documentation they provide and how it can be used.

8.3.3. Fees and Payment

Fee Structure: Ask about their fee structure and payment terms.
Written Agreement: Ensure you have a written agreement outlining the scope of the appraisal and the fees involved.

9. Real-World Examples: Gold Valuation Scenarios

To illustrate how gold valuation works in practice, here are some real-world scenarios:

9.1. Valuing Gold Jewelry

Scenario: Sarah wants to sell a gold necklace she inherited from her grandmother. The necklace is marked 18K and weighs 10 grams.

9.1.1. Assessment

Purity: The necklace is 18K gold, meaning it is 75% pure gold.
Weight: The necklace weighs 10 grams.
Spot Price: The current spot price of gold is $2,300 per troy ounce.

9.1.2. Calculation

Convert spot price to grams: $2,300 / 31.1035 grams = $73.95 per gram
Calculate pure gold content: $73.95 per gram × 0.75 = $55.46 per gram
Calculate value of gold in the necklace: $55.46 per gram × 10 grams = $554.60

9.1.3. Additional Considerations

Design and Craftsmanship: If the necklace has a unique design or high-quality craftsmanship, it may be worth more.
Buyer’s Offer: A gold buyer will likely offer a price below the calculated value to cover their costs and profit margins.

9.2. Valuing Gold Coins

Scenario: John wants to sell a gold coin he inherited from his grandfather. The coin is a 1-ounce American Eagle gold coin.

9.2.1. Assessment

Purity: The American Eagle gold coin is 22K gold (91.67% pure).
Weight: The coin weighs 1 troy ounce (31.1035 grams).
Spot Price: The current spot price of gold is $2,300 per troy ounce.

9.2.2. Calculation

Calculate pure gold content: $2,300 per troy ounce × 0.9167 = $2,108.41

9.2.3. Additional Considerations

Condition: The condition of the coin can affect its value. Coins in excellent condition may be worth more to collectors.
Numismatic Value: Rare or historically significant coins may have additional numismatic value.

9.3. Valuing Scrap Gold

Scenario: Lisa wants to sell a collection of old, broken gold jewelry. The jewelry is a mix of 14K and 10K gold and weighs 20 grams in total.

9.3.1. Assessment

Purity: The jewelry is a mix of 14K (58.3% pure) and 10K (41.7% pure) gold.
Weight: The total weight of the jewelry is 20 grams.
Spot Price: The current spot price of gold is $2,300 per troy ounce.

9.3.2. Calculation

Estimate the proportion of 14K and 10K gold: Assume 10 grams of 14K gold and 10 grams of 10K gold.
Calculate the value of the 14K gold:
- $2,300 / 31.1035 grams = $73.95 per gram
- $73.95 per gram × 0.583 = $43.11 per gram
- $43.11 per gram × 10 grams = $431.10
Calculate the value of the 10K gold:
- $73.95 per gram × 0.417 = $30.84 per gram
- $30.84 per gram × 10 grams = $308.40
Total value: $431.10 + $308.40 = $739.50

9.3.3. Additional Considerations

Refining Costs: A gold buyer will likely offer a price below the calculated value to cover refining costs.
Testing: The buyer may test the gold to accurately determine its purity.

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