Gold rate today in Zimbabwe

How gold is priced in Zimbabwe

Zimbabwe uses two currencies side by side: the US dollar and the ZiG (short for Zimbabwe Gold, code ZWG). The Reserve Bank of Zimbabwe (RBZ) publishes a daily interbank rate for the ZiG on its home page, and the ZiG gold price on this page is the dollar price times that rate. We found no official daily retail rate for jewellery, so shops set their own prices. Today the bare international price works out to about 3,448 ZWG per gram of 24k gold and 3,160 ZWG for 22k.

The ZiG: a currency backed mainly by gold

The RBZ launched the ZiG on 5 April 2024. It is backed by a basket of reserves, mainly gold, plus foreign currency and other precious metals. Many people still prefer US dollars, so you will often see prices in both currencies.

Mosi-oa-Tunya gold coins

The RBZ launched its Mosi-oa-Tunya gold coins in Harare on 25 July 2022. Each coin weighs one troy ounce and is 22 carat. At the launch, the price was the international price of an ounce of gold plus 5% for the cost of making the coin. The RBZ's home page lists the coins' selling rates every day, based on the previous day's gold price, in US dollars, ZiG and several other currencies.

Who may buy and sell raw gold

Under the Gold Trade Act, nobody may deal in gold without a licence or permit; licence holders, authorised dealers and the national refinery are among the exceptions. Fidelity Gold Refinery, based in Harare, describes itself as the sole buyer, refiner and exporter of gold in Zimbabwe, acting on behalf of the government, and it buys through about 20 centres in the gold-producing areas. The Finance Act (No. 7) of 2025 lets lawful holders trade authorised gold bars: 99.5% bars made by the national refinery and carrying its hallmark, subject to exchange-control law. Tampering with such a bar, for example by melting it or changing its weight or purity, can bring up to 15 years in prison (law-firm summary).

Royalties and VAT

Since 1 January 2026 the royalty that gold miners pay rises with the gold price: 5% when gold is above US$1,200 and below US$5,000 an ounce, and 10% above US$5,000 (Finance Act No. 7 of 2025, law-firm summary). Zimbabwe's standard VAT rate is 15.5%. ZIMRA's VAT guide does not mention gold or jewellery, so ask how a piece is taxed before you pay.

What moves the ZiG gold price

The ZiG price of gold is the dollar price of gold times USD/ZWG. If the ZiG weakens, the local gold price rises even when gold is flat in dollars, so check both numbers on this page. See what moves gold prices.

Rules for gold traders in Zimbabwe

Gold dealing needs a licence under the Gold Trade Act, and foreign currency dealing falls under exchange-control law. Check the legal position, and any platform's licence, before you trade gold online.

Our country guides explain how to check a firm before you open an account.

Trading hours in Central Africa Time

The international gold market trades almost around the clock, from Monday morning in Asia to Friday evening in New York. The busiest window, the London–New York overlap, falls today at about 15:00–19:00 CAT. That is when US data such as payrolls and inflation is released and the price usually moves most. Zimbabwe is on CAT (UTC+2) all year, so the overlap falls in the afternoon and early evening. The gold market hours tool shows every session in your own time zone.

How this ZWG gold price is calculated

Three numbers decide everything on this page. First, the international gold price in US dollars per troy ounce: $4,042.7 at the last update. Second, the exchange rate: 1 USD = 26.525 ZWG. Third, the weight: one troy ounce is 31.1035 grams, and one tola is 11.6638 grams.

1. Price per gram in USD = $4,042.7 ÷ 31.1035 = $129.98.
2. Price per gram in ZWG = $129.98 × 26.525 = 3,448 ZWG (24k, pure gold).
3. Price per 10 grams = 3,448 × 10 = 34,476 ZWG.
4. For a lower purity, multiply by the fineness: 22k = 0.9167, 18k = 0.75.

The gold price is the spot price of gold (XAUUSD) from a public real-time feed, refreshed every few seconds while the page is open; the 7-day table and the 30-session chart use COMEX gold futures closes, which usually sit a few dollars above spot. The exchange rate is a mid-market rate; the rate your bank or money changer gives you will be slightly different. If you want to do the maths yourself, our guide to converting the gold price per gram, tola and kilo walks through every step with worked examples.

What this price does not include

The figures above are the international spot price converted into local currency. They are the starting point for every retail price in Zimbabwe, but they are not the price you will pay or receive at a shop. The shop price adds some or all of these on top:

• Import duty or customs charges, where gold or jewellery is imported.
• Sales tax or VAT, where the country charges one. Many countries tax jewellery but not investment bars; the sections above say what applies here.
• Dealer premium: the margin a bullion dealer or bank adds to the spot price for bars and coins, usually larger on small pieces.
• Making charges (labour) on jewellery, often a percentage of the gold value or a fixed amount per gram.
• Local supply and demand, which can push the physical price to a premium or a discount against the international price for weeks at a time.

When you sell, the buyer usually quotes below the spot-based number and deducts for purity testing, wear and sometimes stones. The gap between the buying and the selling price is the real cost of owning physical gold, and it varies a lot between shops, so it is worth asking several.

Frequently asked questions