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"GW" normally refers to the actual GOLD Weight of an item made from a Gold alloy. A ring that has a wieght of say 5 Grams , and is made in 9K Gold, will have a GW of 1.8749 Grams.

The "k" at the back may refer to gold purity (Karat). Karat is indicated as "Parts of 24" pure Gold. In other words a 9 karat gold ring consists of 9/24 parts pure gold and 15/24 parts of another metal.

The "78" in the middle - I have no idea.

This marking can also be a Silver marking as there are hundreds of silver markings out there. It will be very difficault to tell, unless I can see the marking and the marked item.

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