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A sub-£200 budget can buy genuine gold in smaller or lighter constructions, but it also contains large numbers of plated, filled and gold-tone chains. Compare the metal description before comparing appearance.
Why weight matters
For genuine gold, purity and gram weight strongly influence material value. A wide-looking hollow chain may use less gold than a narrower solid chain, so dimensions alone are a poor price comparison.
Do not confuse finish with purity
Gold plated, vermeil, gold filled and solid gold are different constructions. Read Gold Filled vs Gold Plated and Gold-Tone vs Gold-Plated vs Solid Gold.