Alching, or high-level alchemy, is a "RuneScape" magic spell used to convert items to gold. The spell requires you to have Level 55 Magic, five Fire Runes and one Nature Rune. As of the time of publication, the cost to cast a high-level alchemy spell is 152 gp; however, the cost is reduced to the cost of a Nature Rune (142 gp) if you casts the spell using a Fire Staff. Although the prices of the Grand Exchange fluctuate daily, there are several items that you can alch to cover the cost of the spell or even make a profit.
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An Air Battlestaff is an air elemental staff that requires Level 30 Magic and Level 30 Attack to wield. The battlestaff provides users with an unlimited amount of Air Runes when casting magic spells. As of the time of publication, the Grand Exchange market price of an Air Battlestaff is 8,972 gp and the high-alchemy price is 9,300 gp. If you use a Fire Staff while casting the high-alchemy spell, you stand to receive a profit of 186 gp.
Adamant armour is the third best metal armour in the game. To wield an Adamant Platebody, you must have 30 Defense. Although an Adamant Platebody is more expensive than an Air Battlestaff, the availability on the Grand Exchange is greater, due to players training the Smithing skill. As of the time of publication, the Grand Exchange market price of an Adamant Platebody is 9,816 gp and the high-alchemy price is 9,984 gp, revealing a profit of 26 gp per spell.
Using the Crafting skill, players create an Emerald Bracelet by using a Gold Bar, Bracelet Mold and a Cut Emerald on a furnace. Alching Emerald Bracelets will not make a player rich; however, it does cover the cost of the Nature Rune and reveals a small profit. As of the time of publication, the Grand Exchange market price of an Emerald Bracelet is 765 gp and the high-alchemy price is 915 gp, revealing a profit of 8 gp.
Mystic Gloves are included in the Mystic Magic armour set and provide defence and magic bonuses when casting magic combat spells. The gloves are available in three colours; black, gold and blue. Although the white and blue Mystic Gloves are rather expensive, the black Mystic Gloves provide a profit when casting the high-alchemy spell. As of the time of publication, the Grand Exchange market price of black Mystic Gloves is 5,621 gp and the high-alchemy price is 6,000 gp, revealing a profit of 237 gp.
Steel armour is the third weakest armour in the game. Steel Platelegs are worn over the legs and require you to have Level 5 Defense to wield. If you have a limited amount of cash, Steel Platelegs can provide fast Magic experience, without losing money. As of the time of publication, the Grand Exchange market price of Steel Platelegs is 457 gp and the high-alchemy price is 600 gp, revealing a profit of 1 gp per spell.
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