1 Peter 1:6-7

In this you greatly rejoice, though now for a little while you may have had to suffer grief in all kinds of trials. These have come so that your faith--of greater worth than gold, which perishes even though refined by fire--may be proved genuine and may result in praise, glory and honor when Jesus Christ is revealed.

In this you greatly rejoice
Romans 5:1-2 Therefore, since we have been justified through faith, we have peace with God through our Lord Jesus Christ, through whom we have gained access by faith into this grace in which we now stand. And we rejoice in the hope of the glory of God.

though now for a little while
1 Peter 5:10 And the God of all grace, who called you to his eternal glory in Christ, after you have suffered a little while, will himself restore you and make you strong, firm and steadfast.

you may have had to suffer grief in all kinds of trials
James 1:2 Consider it pure joy, my brothers, whenever you face trials of many kinds, ...
1 Peter 4:12 Dear friends, do not be surprised at the painful trial you are suffering, as though something strange were happening to you.

These have come so that your faith--of greater worth than gold, which perishes even though refined by fire--may be proved genuine
Job 23:10 (Job speaking) "But he knows the way that I take; when he has tested me, I will come forth as gold."
Psalm 66:10 For you, O God, tested us; you refined us like silver.
Proverbs 17:3 The crucible for silver and the furnace for gold, but the LORD tests the heart.
Isaiah 48:10 "See, I have refined you, though not as silver; I have tested you in the furnace of affliction."

and may result in praise, glory and honor
2 Corinthians 4:17 For our light and momentary troubles are achieving for us an eternal glory that far outweighs them all.

when Jesus Christ is revealed
1 Peter 1:13 Therefore, prepare your minds for action; be self-controlled; set your hope fully on the grace to be given you when Jesus Christ is revealed.
1 Peter 4:13 But rejoice that you participate in the sufferings of Christ, so that you may be overjoyed when his glory is revealed.

NOTES:
1 Thessalonians 2:19; Romans 5:3; James 1:2-4
Read 1 Timothy 1

(parentheses are mine)

Scriptures taken from the Holy Bible, New International Version® NIV®, Copyright© 1973, 1978, 1984 by International Bible Society. Used by permission. All rights reserved worldwide.