ScrapIt is an iPhone application developed by Kitco Metals Inc. It is a real-time scrap gold calculator designed specifically for professionals in the industry. With ScrapIt, users can easily calculate the value of scrap gold based on their customizable options.

One of the key features of ScrapIt is the ability to adjust the purities of the karat. Users can customize the calculation options by entering the desired purities and descriptions of their gold products. This flexibility allows professionals to accurately calculate the value of scrap gold based on their specific requirements.

In addition to gold, ScrapIt also supports silver and platinum. Users can make quick and easy live price adjustments for these precious metals as well. The application provides 14 live currencies and 6 units of measure, ensuring that professionals can work with their preferred currency and unit of measurement.

Overall, ScrapIt is a powerful tool for professionals in the scrap gold industry. Its real-time calculations, customizable options, and support for multiple precious metals make it an essential companion for anyone working with scrap gold.