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

Key Takeaways

• Fire assay cash price tops at $137 per gram.
• SG 90%+ grade fetches $136.28 per gram.
• Sample grades (5‑10 g) priced at $129.79 per gram.
• Prices exceed global spot, boosting miner margins.
• FGR rates influence Zimbabwe’s gold export earnings.

Pulse Analysis

Fidelity Gold Refinery (FGR) remains the primary official buyer for Zimbabwe’s artisanal and small‑scale miners, and its May 19, 2026 price sheet provides a clear snapshot of the premium the market is willing to pay. The fire‑assay cash price of $137 per gram ($4,260.78 per ounce) for gold above 100 g sits at the top of the tiered schedule, outpacing the spot price quoted on the London Bullion Market. By publishing transparent rates for each assay grade, FGR helps stabilize transactions in a sector often plagued by informal pricing.

The tiered structure reflects the quality differentials that miners encounter. Gold meeting the 90 %+ SG (silver‑grade) threshold commands $136.28 per gram, while lower‑grade material in the 75‑80 % range drops to $131.95 per gram. Small samples of 5–10 g are priced at $129.79 per gram, a modest discount that compensates for handling costs. Compared with the global spot rate, which hovered around $61 per gram in early May, these premiums translate into substantially higher margins for local producers and incentivize higher‑grade extraction.

From a macro perspective, the robust Zimbabwean rates signal confidence in the country’s gold supply chain despite ongoing economic challenges. Higher buying prices can attract foreign exchange inflows, support the national balance of payments, and encourage investment in mining equipment and processing facilities. However, sustained premiums depend on global demand, particularly from jewelry and technology sectors. Stakeholders should monitor spot‑price trends, currency fluctuations, and any policy shifts that could alter the cost‑benefit calculus for Zimbabwe’s gold exporters.