Buy Gold in Zimbabwe: Gold Price, Best Places to Buy, & more
Buy Gold in Zimbabwe: Gold has long been a valuable and sought-after commodity worldwide, and Zimbabwe is no exception. With its rich gold deposits and vibrant mining industry, Zimbabwe offers great opportunities for investors and traders looking to buy gold.
Whether you are purchasing gold for investment, resale, or jewelry-making, Zimbabwe provides numerous options for acquiring gold legally and at competitive prices.
This guide covers everything you need to know about buying gold in Zimbabwe, including regulations, pricing, and where to buy gold.
Why Buy Gold in Zimbabwe?
Zimbabwe is one of Africa’s top gold producers, boasting significant reserves and numerous gold mines. The country’s gold mining sector contributes substantially to the economy, and with government policies promoting mining, buying gold in Zimbabwe is a lucrative venture. Some of the main reasons to invest in gold in Zimbabwe include:
- High-Quality Gold: Zimbabwe produces some of the purest gold, making it an excellent investment.
- Competitive Prices: Due to local production, gold prices in Zimbabwe can be more affordable than in international markets.
- Investment Opportunities: Investors can purchase gold in various forms, including gold bars, gold coins, and gold jewelry.
- Growing Market: The demand for gold in Zimbabwe continues to rise, making it an ideal investment option.
Can you buy gold in Zimbabwe?
Yes, you can buy gold in Zimbabwe through licensed dealers and the Reserve Bank-approved gold service centres. The country has rich gold deposits, making it a prime location for investment.
Ensure you follow Zimbabwe gold buying regulations to avoid legal issues. We offer safe, transparent, and direct sourcing from local miners, ensuring authentic gold from Zimbabwe for your investment or resale needs worldwide.
Is it legal for foreigners to buy gold in Zimbabwe?
Yes, foreigners can legally purchase gold in Zimbabwe, but they must adhere to stringent regulations. The Reserve Bank of Zimbabwe (RBZ), through its subsidiary Fidelity Printers and Refiners (FPR), controls gold trading and export.
Foreign buyers must obtain a gold buying agency permit from FPR, costing approximately USD 2,500 annually, and may need to meet monthly gold purchase targets. Additionally, a gold dealing licence is required for exporting gold, which costs around USD 200,000 per year.
It’s crucial to engage with licensed dealers to ensure compliance and avoid legal issues. Buy Gold Bars Africa Ltd offers assistance in navigating these regulations, facilitating secure and legal gold transactions in Zimbabwe.
What is the current gold price in Zimbabwe per gram and per ounce?
Where can I find licensed gold dealers in Zimbabwe?
Licensed gold dealers in Zimbabwe operate under the Gold Trade Act, ensuring that only authorized entities can legally buy and sell gold.
The primary licensed buyer is Fidelity Printers and Refiners (FPR), a subsidiary of the Reserve Bank of Zimbabwe, which has established multiple gold buying centers across the country for secure transactions.
For foreign investors or private buyers, partnering with reputable companies like Buy Gold Bars Africa Ltd provides an added layer of trust and convenience.
We assist clients in connecting with licensed dealers, navigating legal requirements, and ensuring safe, certified, and transparent gold purchases in Zimbabwe.
How can you verify the authenticity and purity of gold in Zimbabwe?
To ensure the authenticity and purity of gold, buyers should request certification from recognized institutions. Methods like X-ray fluorescence (XRF) analysis and fire assay are commonly used to assess gold quality. Certified gold is typically stamped with a hallmark indicating its purity and origin. Buy Gold Bars
Is it better to buy gold bars, gold coins, or raw gold in Zimbabwe?
The choice between gold bars, coins, or raw gold depends on investment goals:
Gold Bars: Ideal for investors seeking large quantities; they are cost-effective but less liquid.
Gold Coins: Offer portability and are easier to sell in smaller quantities; however, they may carry higher premiums.
Raw Gold: Suitable for those involved in mining or refining; it requires additional processing and carries higher risks.
What are the risks of buying gold in Zimbabwe (fraud, fake dealers, scams)?
The gold market in Zimbabwe is susceptible to fraud, with risks including counterfeit gold and unlicensed dealers. To mitigate these risks, buyers should:
Only engage with licensed dealers.
Request certificates of authenticity.
Conduct independent assays.
Avoid deals that seem too good to be true.
Ensuring compliance with the Gold Trade Act is crucial for legal transactions.
Can I safely export gold from Zimbabwe to my home country?
Exporting gold from Zimbabwe is legal but requires adherence to strict regulations. Exporters must obtain a gold dealing license from the Ministry of Finance and Economic Development. Additionally, all gold exports must be processed through FPR to ensure compliance with national laws.
What are the customs and legal requirements for gold export in Zimbabwe?
The Gold Trade Act governs gold exports, requiring:
A gold dealing license.
Processing through FPR.
Compliance with Zimbabwe Revenue Authority (ZIMRA) regulations, including proper documentation and payment of applicable duties.
How does the Zimbabwean gold market compare with other African markets like Ghana, Kenya, or Tanzania?
Zimbabwe’s gold market is competitive, with prices around USD 110,353 per kilogram as of July 29, 2025. This is slightly lower than Ghana’s $USD 112,353 and Tanzania’s $USD 112,453
. However, Zimbabwe’s market is more regulated, offering greater security for investors.
Is it better to buy from Fidelity Printers and Refiners (FPR) or private dealers?
Purchasing from FPR ensures compliance with national laws and guarantees the authenticity of gold. Private dealers may offer competitive prices but pose higher risks of fraud and legal complications.
Engaging with licensed private dealers who are authorized by FPR can provide a balance between cost and security.
What is the minimum investment required to buy gold in Zimbabwe?
The minimum investment varies based on the form of gold purchased:
Gold Bars: Typically sold in 1 kg increments, costing approximately $59,000.
Gold Coins: Available in smaller denominations, with prices varying accordingly.
Raw Gold: Minimum purchase quantities are subject to FPR regulations.
How do currency exchange rates (USD/ZWL) affect the gold price in Zimbabwe?
Gold prices in Zimbabwe are influenced by the exchange rate between the U.S. Dollar (USD) and the Zimbabwean Dollar (ZWL). Fluctuations in the exchange rate can impact the local price of gold, making it more volatile for investors dealing in ZWL.
Are there taxes or government fees when purchasing gold in Zimbabwe?
Yes, purchasing gold in Zimbabwe may incur:
Value Added Tax (VAT): Applicable on gold transactions.
Customs Duties: For imports and exports.
Export Fees: For gold leaving the country.
These fees are subject to change and should be confirmed with ZIMRA. zimra.co.zw
Can you buy gold online from Zimbabwe through trusted suppliers?
Yes, some reputable suppliers offer online sales of gold. It’s essential to verify their credentials and ensure they are licensed by FPR. Engaging with well-known entities like us can provide a secure purchasing experience.
How to Buy Gold in Zimbabwe
Buying gold in Zimbabwe requires understanding the market, legal requirements, and best purchasing practices. Below are the key steps to follow:
1. Understand the Legal Framework
Zimbabwe has strict gold trading regulations, with the Reserve Bank of Zimbabwe (RBZ) playing a key role in gold transactions. Gold buying licenses are required for both local and foreign investors. Before purchasing, ensure that you comply with the legal requirements to avoid penalties.
2. Choose the Right Seller
Gold can be bought from various sources, including:
- Authorized Gold Dealers: These are licensed sellers approved by the government.
- Mining Companies: Some large-scale gold mining firms sell directly to investors.
- Gold Auctions: The RBZ holds gold auctions where investors can bid for high-quality gold.
- Local Artisanal Miners: While cheaper, buying from artisanal miners comes with risks, including fraud and lack of documentation.
3. Verify Gold Authenticity
Before purchasing, verify the authenticity and purity of gold. Some key methods include:
- Gold Assaying: A test to determine gold purity.
- Hallmarks and Stamps: Check for standard gold markings.
- Weight and Dimensions: Genuine gold has specific weight standards.
4. Payment Methods and Transaction Safety
When buying gold in Zimbabwe, ensure that you use secure payment methods. Transactions can be made through bank transfers, mobile payments, or cash, depending on the seller’s requirements. Always insist on a receipt and legal documentation for the transaction.
How to buy gold coins in Zimbabwe
To buy gold coins in Zimbabwe, you must purchase through the Reserve Bank of Zimbabwe’s official outlets or authorised commercial banks.
The government introduced Mosi-oa-Tunya gold coins as a secure investment option, available in various weights and purity levels.
Buyers can pay in local or foreign currency, and each coin comes with a certificate of authenticity. Ensure you keep receipts for legal proof of purchase.
We assist clients in acquiring genuine Zimbabwe gold coins safely, handling sourcing, verification, and secure delivery for both local and international investors. Investing in gold coins in Zimbabwe offers value preservation and portfolio diversification.
Where can I buy Gold in Zimbabwe?
Zimbabwe offers numerous locations and platforms where investors and traders can purchase gold securely and legally. Some of the best places to buy gold in Zimbabwe include:
Physical Gold Markets
- Fidelity Printers and Refiners: The primary buyer and refiner of gold in Zimbabwe, authorized by the Reserve Bank of Zimbabwe.
- Harare Gold Market: A major trading hub where licensed dealers operate.
- Bulawayo Gold Dealers: Home to several reputable gold traders.
- Mining Towns: Locations such as Kwekwe, Kadoma, and Bindura have active gold markets where buyers can source gold directly from mining operations.
Online Platforms
- Buy Bars Africa Limited: One of the most trusted online platforms for purchasing gold in Zimbabwe. With a strong reputation for authenticity and secure transactions, Buy Bars Africa Limited provides investors with high-quality gold bars, coins, and bullion. Their platform ensures compliance with Zimbabwe’s gold trading regulations and offers competitive pricing.
- Verified Online Gold Dealers: Several government-approved platforms allow buyers to purchase gold conveniently, but it is essential to conduct thorough research before making a transaction.
Is gold cheap to buy in Zimbabwe
Gold in Zimbabwe can be relatively cheaper to buy compared to some international markets, mainly due to the country’s abundant gold reserves and local mining activities.
However, prices are influenced by the global gold market rate, government taxes, and currency exchange rates. Buying directly from licensed dealers or miners ensures competitive prices.
We provide secure access to affordable Zimbabwe gold for both investment and resale, ensuring authenticity and compliance.
1kg of gold price in zimbabwe
Current Gold Prices in Zimbabwe
Based on the most recent data available, gold prices in Zimbabwe have significantly increased since the figures you provided. As of August 2025, the price for 24K gold is approximately $108.69 per gram, with an exchange rate of 1 USD = 361.90 ZWL. Below is the updated table reflecting current market prices for 24K gold in Zimbabwe, using these rates:
Gold Weight | Price in Zimbabwe Dollars (ZWL) | Price in US Dollars (USD) |
|---|---|---|
1 Gram | ZWL 39,350.09 | USD 108.69 |
5 Grams | ZWL 196,750.45 | USD 543.45 |
10 Grams | ZWL 393,500.91 | USD 1,086.90 |
50 Grams | ZWL 1,967,504.55 | USD 5,434.50 |
100 Grams | ZWL 3,935,009.10 | USD 10,869.00 |
1 Kilogram | ZWL 39,350,091.00 | USD 108,691.00 |
Notes:
- Prices are based on the 24K gold spot price of $108.69 per gram as of August 5, 2025, and an exchange rate of 1 USD = 361.90 ZWL.
- These are approximate spot prices and exclude local premiums (1%–5%), taxes, or dealer margins, which may increase costs.
Tips for Safe Gold Buying
- Deal with Licensed Sellers: Always check the seller’s credentials.
- Avoid Black Market Gold: Illegal gold trade can lead to legal consequences.
- Get Proper Documentation: Ensure the gold is legally registered to avoid confiscation.
- Be Aware of Scams: Some sellers might offer fake or low-quality gold.
- Consider Storage Options: Secure your gold in a safe place.
What is the best way to transport or store gold after purchase in Zimbabwe?
After purchasing gold, consider:
Secure Storage: Utilize bank safety deposit boxes or professional vault services.
Insurance: Obtain comprehensive coverage for theft or loss.
Compliance: Ensure all transportation adheres to FPR and ZIMRA regulations.
Avoid informal storage methods to mitigate risks.
You may also want to Know about;
Gold buying license Zimbabwe
In Zimbabwe, obtaining a gold-buying license is essential for individuals or businesses looking to legally purchase and trade gold.
The process is regulated by the Reserve Bank of Zimbabwe (RBZ) through its Fidelity Printers and Refiners division.
Applicants must meet specific criteria, including proving financial stability, demonstrating a legitimate business purpose, and adhering to anti-money laundering regulations.
Additionally, they must submit detailed documentation about their operations, including proof of business registration, tax clearance certificates, and bank references.
The licensing process aims to ensure that gold trading remains transparent, reduces illicit activities, and contributes to the country’s economic growth.
Once granted, the license allows holders to legally purchase gold from miners, refine it, or trade it in compliance with national laws.
Non-compliance with licensing requirements can lead to severe penalties, including fines or revocation of the license.
How much is a gold buying permit in Zimbabwe
In Zimbabwe, the cost of a gold buying permit varies depending on the type of licence and the issuing authority, but generally, a small-scale gold buying licence issued by the Fidelity Gold Refinery (formerly Fidelity Printers and Refiners) can range from about USD 2,000 to USD 5,000 per year.
Large-scale or corporate permits can cost more and require stricter compliance checks, including proof of capital, tax clearance, and adherence to Zimbabwe gold trade regulations.
Requirements and procedures for getting a gold buying permit in Zimbabwe.
Here’s a brief full guide on getting a gold buying permit in Zimbabwe:
1. Identify Licence Type
Decide if you need a small-scale or large-scale gold buying permit based on your operations.
2. Apply to Fidelity Gold Refinery
Submit your application to Fidelity Gold Refinery (FGR), the sole authorised buyer and exporter of gold in Zimbabwe.
3. Requirements
Proof of citizenship or company registration (for foreigners, local partnership is required)
Tax clearance certificate
Proof of capital
Police clearance for directors
Business plan detailing sourcing and compliance methods
4. Payment
Pay the licence fee (about USD 2,000–5,000 depending on scale).
5. Compliance Training
Attend an induction on gold trade regulations and reporting procedures.
6. Approval & Issuance
Once approved, you receive your permit and can legally buy, hold, and sell gold in Zimbabwe.
Fidelity Zimbabwe gold price
The most recent data from Fidelity Gold Refinery (FGR) indicates updated gold buying prices per gram in Zimbabwe as of August 8, 2025. Below is the updated table reflecting current market rates for 24K gold, based on FGR’s official pricing, with an exchange rate of 1 USD = 361.90 ZWL for conversions:
Gold Purity/Method | Price in US Dollars (USD) | Price in Zimbabwe Dollars (ZWL) |
|---|---|---|
SG 90% and above | USD 102.54 | ZWL 37,109.29 |
SG above 89% but below 90% | USD 100.46 | ZWL 36,356.43 |
SG above 80% but below 85% | USD 100.37 | ZWL 36,323.98 |
SG above 75% but below 80% | USD 99.29 | ZWL 35,936.03 |
Sample below 10g but above 5g | USD 97.66 | ZWL 35,351.07 |
Fire Assay Cash (above 100g) | USD 103.09 | ZWL 37,308.27 |
Notes:
- Prices are sourced from Fidelity Gold Refinery (FGR), the official gold buyer and exporter in Zimbabwe, as reported on August 8, 2025.
- A 2% royalty is charged on all deposits from small-scale miners, and a 5% royalty applies to primary producers (larger-scale operations).
- Fire Assay cash price applies to gold above 100g with no sample deduction. For Fire Assay Transfer price, a sample of up to 10g is deducted.
- ZWL prices are calculated using the exchange rate of 1 USD = 361.90 ZWL.
- Prices fluctuate daily based on global market trends. For real-time quotes, contact FGR directly at their buying centers (e.g., Harare, Bulawayo) or via email (e.g., bulawayo@fpr.co.zw).
These rates reflect a significant increase from the February 26, 2025, prices you provided, driven by global gold price trends and local market dynamics.
Buy gold online in Europe from Zimbabwe
At Buy Gold Bars Africa Limited, we specialize in offering high-quality gold sourced directly from Zimbabwe, one of Africa’s most prominent gold producers. Our commitment to quality, transparency, and customer satisfaction makes us the ideal partner for clients in Europe seeking to invest in African gold.
Zimbabwe’s gold is renowned for its purity and consistency, making it an attractive choice for international buyers. The country’s mining sector, backed by the Reserve Bank of Zimbabwe and licensed entities like Fidelity Printers and Refiners, ensures that the gold we source adheres to strict quality standards.
As trusted experts in the field, we facilitate secure and reliable gold transactions, giving our clients the peace of mind they deserve.
By choosing Buy Gold Bars Africa Limited, you can confidently purchase gold bars online from the comfort of your home or office.
We offer a simple, secure, and efficient online platform for European clients to browse, order, and have their gold delivered directly to their preferred location.
Our transparent pricing, coupled with a reliable delivery system, ensures a hassle-free experience from start to finish.
We understand the value of your investment, which is why we prioritize security, regulatory compliance, and customer satisfaction in all our operations.
Whether you’re looking to invest in gold as a safe-haven asset or for diversification, our team is dedicated to guiding you every step of the way.
Trust us with your gold purchases in Zimbabwe and join a growing list of satisfied European customers who have chosen Buy Gold Bars Africa Limited for their gold investments.
Conclusion
Zimbabwe presents a golden opportunity for investors and traders looking to buy gold. With its rich mining history, affordable pricing, and numerous buying options, purchasing gold in Zimbabwe is a smart investment choice. Whether you are looking to buy gold for investment or resale, following the right procedures ensures a safe and profitable transaction.
Buy Gold in Zimbabwe Today –
Secure your investment with authentic, high-quality gold sourced directly from licensed miners and dealers. We handle sourcing, verification, and safe delivery for both local and international buyers.
Take advantage of Zimbabwe’s rich gold reserves and competitive prices. Contact us now to start your journey in gold investment and enjoy transparent, secure, and profitable transactions. Your gold, your future – let’s make it happen!
