Gold Buying Prices in Zimbabwe per Gram/ Ounce, 25 February 2026

Why It Matters

These rates set the market floor for Zimbabwe’s gold exports, directly influencing miner revenues and the country’s foreign‑exchange earnings. Aligning local prices with global spot trends helps stabilize the sector amid volatile commodity markets.

Key Takeaways

• FGR rates range $149.39‑$157.69 per gram.
• Highest price for fire assay cash above 100g.
• Purity tiers affect price by up to $8 per gram.
• Prices reflect global gold spot trends in early 2026.
• Small samples incur deduction, reducing net payout.

Pulse Analysis

Zimbabwe’s gold sector remains a cornerstone of its export economy, and Fidelity Gold Refinery serves as the primary official buyer for locally mined bullion. By publishing transparent price sheets, FGR offers market participants a reliable reference point that mirrors international spot movements while accounting for domestic processing costs. The 25 February 2026 rates, ranging from $149.39 to $157.69 per gram, illustrate how the refinery calibrates payouts to reflect both global price dynamics and the logistical realities of Zimbabwean mining operations.

The tiered pricing structure rewards higher‑purity gold, with SG 90% + commanding $156.86 per gram, while lower grades see modest discounts. This gradient incentivizes miners to invest in refining processes that boost purity, thereby enhancing overall export value. Notably, the fire‑assay cash price of $157.69 per gram applies to batches exceeding 100 g, eliminating the usual sample deduction and offering a premium for bulk sellers. Conversely, smaller consignments (under 10 g) face a deduction, reducing effective earnings and encouraging consolidation of shipments before sale.

Globally, gold prices have hovered near historic highs in early 2026, driven by inflationary pressures and geopolitical uncertainty. Zimbabwe’s pricing aligns closely with these trends, ensuring the country remains competitive in the international market. However, domestic factors such as currency volatility, export licensing, and infrastructure constraints continue to shape profitability. As the government pursues policies to streamline export procedures and attract foreign investment, the alignment of local buying rates with global benchmarks will be pivotal for sustaining growth and bolstering the nation’s balance of payments.