About
Zimbabwe Gold Price
A daily tracker for gold, silver, and platinum prices — in USD and ZWG — for Zimbabwe's investors, miners, and traders.
What We Track
Zimbabwe Gold Price publishes daily spot prices for:
- Gold — international spot price in USD per troy ounce, and the ZWG equivalent at the RBZ official rate
- Silver — international spot price in USD per troy ounce
- Platinum — international spot price in USD per troy ounce
Prices are updated every trading day. The ZWG conversion uses the Reserve Bank of Zimbabwe's published official exchange rate.
Spot Price vs. Local Buyer Price
The spot price shown on this site is the international benchmark price for immediate delivery of gold — set by the London Bullion Market Association (LBMA) and tracked in real time by platforms like Kitco.
The local buyer price — what a Zimbabwean miner actually receives — is a different number. It is set by Fidelity Gold Refineries, the Reserve Bank of Zimbabwe's designated gold buyer. Fidelity pays miners a percentage of the international spot price, minus refining and handling costs.
Fidelity Gold Refineries
Fidelity Gold Refineries (FGR), a wholly-owned subsidiary of the Reserve Bank of Zimbabwe, is the sole legal buyer of gold produced in Zimbabwe. All formal-sector miners — from large operations to artisanal and small-scale miners (ASMs) — are required by law to sell their gold through Fidelity.
FGR refines the gold, consolidates it, and sells it on international markets, retaining foreign currency earnings for the Reserve Bank. This arrangement means the RBZ directly controls Zimbabwe's largest source of foreign exchange.
ZMDC — Zimbabwe Mining Development Corporation
The ZMDC is a state-owned entity that holds equity stakes in multiple large-scale mining operations across Zimbabwe, including gold, chrome, and diamond mines. It operates as both an investor and an operator in the mining sector, representing the government's commercial interests in Zimbabwe's mineral wealth.
Why Gold Matters to Zimbabwe
Gold is Zimbabwe's largest single foreign currency earner, contributing substantially to the country's total export revenues each year. Zimbabwe produces approximately 30 tonnes of gold per year, with output split between large-scale commercial miners and the artisanal and small-scale mining (ASM) sector.
Because foreign currency is the lifeblood of Zimbabwe's import-dependent economy, gold prices directly impact:
- The stability of the Zimbabwe Gold (ZWG) currency
- The RBZ's ability to manage exchange rate policy
- Government revenues (royalties and dividends from state-owned mines)
- Employment and livelihoods for hundreds of thousands of artisanal miners
A sharp rise or fall in the international gold price ripples through the entire Zimbabwean economy within weeks.
Data Sources & Methodology
Spot prices are sourced from the Kitco Network, which aggregates data from the London Bullion Market Association (LBMA) and COMEX futures markets.
ZWG conversions use the official USD/ZWG rate published by the Reserve Bank of Zimbabwe. We update the rate when the RBZ publishes changes.
Disclaimer: Prices shown are for informational purposes only. This is not investment advice. Zimbabwe Gold Price is not affiliated with the RBZ, Fidelity Gold Refineries, ZMDC, or any government body.
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