Refining companies receive doré bars, as well as scrap gold, and reliquefy the metal in a furnace. Workers add borax and soda ash to the molten metal, which separates the pure gold from other precious and less precious metals.

Do refineries buy gold?

If you sell your items straight to a refinery you are able to cut out the middle-man and get paid much more for your gold. Precious metals refineries are definitely the best place to sell gold and Cascade Refining is indeed an actual refinery.

Is gold refined in refineries?

There are 32 gold refineries in India and 27 of them process dore or unrefined gold with a total refining capacity of 1,467 tonnes. Of these, 18 refineries are situated in Uttarakhand, where eight more refineries are coming up, according to industry officials. ... The duty on bullion or refined gold is 10 per cent.