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2008-5-4 · Example : current gold price $54,885 USD (1kg). After smelting process 1000 grams of 22 carat metal will be reduced to 990 grams of metal with purity of 995%. I.e. (990 grams x 995 purity 1000 = 985.05 pure gold). If you multiply 985.05 pure gold x 54.88 (current market price, per gram) = Gold processing Refining Britannica,Gold processing Gold processing Refining: Gold extracted by amalgamation or cyanidation contains a variety of impurities, including zinc, copper, silver, and iron. Two methods are commonly employed for purification: the Miller process and the Wohlwill process. The Miller process is based on the fact that virtually all the impurities present in gold