Yes, since it is a gift for you, you have the right to dispose of it. However, gold itself is soft. If you want to make ornaments, you need to add a certain amount of other elements, which may affect the color. The gold recycling company will evaluate the gold ornaments according to their physical condition.
Many places are gold recycling shops. Common gold recycling businesses include large and small gold recycling companies, pawn shops and gold jewelry processing shops. Some brand stores also offer trade-in services.