Spells like these weren’t supplications or prayers, but commands to demonic entities. To get a demon to obey you, you needed two things: the demon’s full and exact name, and a physical way to make sure it did as it was told. So, in this case, the magical papyrus recipe book gave you the demon’s name and the correct incantation, while the iron ring was the target of the magic that established a physical bond. It was intended that the ring be hidden in the ground in order to prevent something from happening. By inscribing and burying the ring, the owner could specify, for example, that they did
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