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an ounce of pure gold is about 31 grams so this amount is about 71% of an ounce. If the gold you are referring to is pure, 24Kt, then it is worth about 71% of the going price of an ounce of pure gold, or just under $800. US.
If the gold you are referring to is less than pure 24K, it needs to be calculated based on how pure it is. IE: 10K would be less than 1/2 of that value.

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