Hi all
As someone with an interest in jewellery, I'd pretty much guarantee that this IS gold with a plating of a much higher carat over it.
It also has a slightly "basic" appearance (i.e. not made by a professional badge maker) so could have been made in the factory. Could even be a cast one and if it's small in size, was possibly made to recognise "service" post-war.
The pin back fitting suggests wear by a woman.
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