Gold Buying Prices in Zimbabwe per Gram/ Ounce, 6 March 2026

Key Takeaways

• Fidelity Gold Refinery sets $155.94/gram fire assay price.
• SG 90%+ gold fetches $155.12 per gram.
• Prices range $147.74‑$155.94 per gram across grades.
• Fire assay applies to gold over 100 g, no deduction.
• Local miners gain benchmark for export earnings.

Pulse Analysis

Zimbabwe’s gold market has long relied on a handful of official refiners to anchor pricing, and Fidelity Gold Refinery’s latest schedule reinforces that role. By publishing a tiered structure—from SG 75 % up to fire‑assay cash rates—the refinery offers miners a clear reference point that aligns local transactions with international spot prices. The fire‑assay price, reserved for bulk deliveries over 100 g, commands a premium of roughly $5 per gram, reflecting the lower processing risk and higher purity associated with large consignments.

Globally, gold hovered near $2,300 per ounce in early 2026, yet Zimbabwe’s per‑ounce rates sit between $4,595 and $4,850, effectively doubling the world market. This disparity stems from added logistics, security costs, and the country’s elevated risk premium. Purity differentials also matter: each 5 % drop in SG translates to a $3‑$5 per gram discount, incentivizing miners to refine to higher grades before sale. The fire‑assay cash price, free of sample deductions, further rewards bulk exporters, encouraging consolidation of smaller miners into larger selling entities.

For policymakers, these figures underscore gold’s importance as a foreign‑exchange earner amid a volatile macroeconomic backdrop. Transparent, competitive pricing can attract foreign investment in mining infrastructure and downstream processing, potentially narrowing the gap with global benchmarks. However, sustaining the premium will require continued security improvements, stable regulatory frameworks, and investment in assay technology to maintain confidence among international buyers.