Gold bracelet...what could it be worth?

I have a gold 'bangle' type bracelet. It has no major workmanship to speak of, it is merely a lump of 22kt gold bullion that was shaped into a strip and bent to make a bracelet. It is 60 grams of pure 22kt gold. I watched the Indian man make it, he melted some gold coins down and made the bracelet using old-fashioned tools like a blacksmith. Anyway, it's just sitting in a safe place and I am wondering if I am better off selling it, or keeping it? How much is 60 grams of 22kt gold worth?

Public Comments

1. 22kt, is 22/24 % , not bad. as for 60 grams, it's about 2 troy ounces, @ 670/ounce, it'd be worth roughly $1,300. Kitco sells this Kitco ChipGold 20 gr $458.79 so 3x that would be about $1,300.
2. The first poster supplied the melt value, but remember if you sell the bracelet you will get less than that, probably about 15% less or in the neighborhood of $1100.
3. Well I think you should keep it, until gold price appreciate some more. I think gold is going to get higher then. But then again, when it comes to investing it's hard to be sure of anything... Good Luck