What does the cryptic crossword clue "Gold piece: ring (5)" mean?

The definition is "ring". The wordplay uses a charade (building blocks). OR (synonym of "Gold") + BIT (synonym of "piece:"); definition: "ring" The answer is ORBIT.

Gold piece: ring (5)

Guardian Cryptic #29527 | 26 Across | 2024-10-30 flower

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