Gold Buying Prices in Zimbabwe per Gram/ Ounce, 19 February 2026

Why It Matters

These rates set the benchmark for Zimbabwe’s gold export earnings and directly affect mining profitability and foreign‑exchange inflows. Higher premiums for purity signal strong demand and can attract investment into the sector.

Key Takeaways

• Fire Assay cash price $152.01 per gram
• SG 90%+ price $151.21 per gram
• Prices span $144‑$152 per gram
• 1 oz equals 31.1035 g
• Higher purity commands premium

Pulse Analysis

Zimbabwe’s gold sector has long been a cornerstone of the country’s export portfolio, and the latest price sheet from Fidelity Gold Refinery underscores its resilience amid fluctuating global markets. While the London Bullion Market Association tracks spot gold at roughly $1,950 per ounce, FGR’s rates—ranging from $4,479 to $4,728 per ounce—reflect a substantial premium that accounts for local logistics, assay costs, and the country’s unique supply chain. This premium is especially pronounced for high‑purity gold, where the Fire Assay cash price for bars above 100 g commands the highest payout, signaling robust demand from international refiners seeking certified material.

The tiered pricing structure reveals how purity and sample size influence buyer offers. Gold classified as SG 90 %+ fetches $151.21 per gram, just a shade below the Fire Assay rate, while lower grades such as SG 75 %+ see a modest dip to $146.41 per gram. Small‑sample deductions further adjust the Fire Assay transfer price, ensuring that miners with limited assay material still receive competitive rates. These nuances incentivize producers to prioritize higher‑grade extraction and invest in better refining capabilities, potentially raising overall sector efficiency.

For investors and policymakers, the disclosed rates provide a clear barometer of Zimbabwe’s gold market health. Elevated buying prices translate into stronger foreign‑exchange earnings, bolstering the nation’s balance of payments and supporting fiscal stability. Moreover, the premium differentials may attract foreign capital seeking exposure to high‑margin African mining assets, fostering downstream processing ventures and job creation. Monitoring these price trends will be essential for gauging future investment flows and the sector’s contribution to economic growth.