Buy Gold in Zimbabwe

Buy Gold in Zimbabwe: Secure Your Investment with Trusted African Gold Dealers

Buy gold in Zimbabwe: Zimbabwe is one of Africa’s leading gold-producing nations, presenting lucrative opportunities for investors, jewelers, and traders alike.

As trusted African gold dealers, we specialize in sourcing and supplying premium-quality gold bars, gold nuggets, and raw gold directly from reputable mines across the country.

Whether you are looking for gold bars for sale, gold bullion for sale, or seeking cheap gold for investment or resale purposes, we offer a transparent and secure buying process that ensures authenticity, fair pricing, and safe delivery.

Our expertise in the African gold market makes it easy for both local and international buyers to acquire genuine Zimbabwean gold confidently and profitably.

Why Buy Gold from Us?

As reputable African gold dealers, we understand the complexities of the gold market and strive to make your gold purchasing experience smooth and risk-free. We offer:

• Authentic, certified gold sourced directly from Zimbabwe’s gold mines.
• Competitive gold prices aligned with market rates.
• Secure transportation and delivery to your desired location.
• Assistance with permits and compliance with Zimbabwean gold regulations.
• Expert guidance on spotting fake gold and ensuring quality assurance.

Types of Gold Available for Sale in Zimbabwe

Zimbabwe offers a diverse range of gold products suitable for different buyers, including investors, jewelers, and resellers. The most common form is gold bars, which are refined, stamped, and available in sizes ranging from 1 kg to small investment bars like 50 g and 100 g.

For those interested in more natural forms, gold nuggets and raw gold are also widely available, often sourced directly from licensed miners and artisanal mining sites.

Gold bullion for sale is ideal for large-scale investors seeking high-purity gold aligned with international standards. In addition, jewelry manufacturers can purchase semi-refined gold for crafting ornaments, while collectors may opt for unique, unrefined pieces.

All these types are regulated by the Fidelity Gold Refinery (FGR) to ensure purity, authenticity, and legal compliance, making Zimbabwe a reliable source for both local and international gold buyers.

Understanding Purity of Zimbabwe Gold

Current Gold Price in Zimbabwe

Gold prices fluctuate based on international market trends, currency exchange rates, and local economic factors. As of today, the gold price in Zimbabwe is influenced by the Fidelity Printers and Refiners, the sole authorized gold buyer in the country. Here is a breakdown of the current gold prices in Zimbabwe, calculated in US dollars:

3. Steps to Buy Gold in Zimbabwe

3.1. Understand the Market

To buy gold in Zimbabwe, first understand the market dynamics. Gold prices are set by the Fidelity Gold Refinery (FGR) and align closely with international rates, often with a 1% discount for importers.

Prices fluctuate based on global trends, currency exchange rates, and local demand. Gold can be sourced from FGR, licensed dealers, large-scale mining companies, gold auctions, or artisanal miners.

However, purchasing from unlicensed sources carries risks such as counterfeit products and lack of proper documentation.

3.2. Obtain Necessary Licenses

Acquiring the right licenses is crucial for legal gold buying in Zimbabwe. Individuals and small-scale buyers must apply for a gold buying permit from FGR, attend an interview, and commit to minimum monthly purchases. Documentation includes police clearance, identification, and proof of financial capacity.

Companies must submit a company profile, tax clearance, and directors’ details, while jewelry manufacturers apply through the Ministry of Mines with Jewellery Council clearance and prescribed fees to obtain their gold jewellery permit.

3.3. Verify Authenticity

Counterfeit gold is a real challenge, so authenticity verification is vital. Start with simple tests like the magnet test (real gold is non-magnetic) and scratch test (gold scratches easily without chipping).

For more accurate results, use a density test to measure its high density or obtain a certified assay report from a licensed assayer.

Always avoid transactions with suspicious or unlicensed sellers to reduce risks of fraud and ensure that the gold meets both purity and legal standards.

3.4. Complete the Transaction

Once you have identified a reliable seller, such as FGR or a licensed dealer, proceed to finalize your purchase. FGR transactions involve specific gravity testing followed by instant payment, often in US dollars or ZiG (gold-backed currency).

Ensure proper documentation, including invoices, authenticity certificates, and proof of origin, in compliance with anti-money laundering and export rules.

Licensed dealers must adhere to Reserve Bank of Zimbabwe (RBZ) regulations, ensuring transparency and security throughout the buying process.

3.5. Exporting Gold (If Applicable)

Exporting gold from Zimbabwe is strictly controlled and mainly managed by FGR. To export directly, you need a gold dealing license (USD 200,000) and an export permit from the Ministry of Mines.

Proper documentation such as invoices, proof of origin, and authenticity certificates is mandatory. Pay the 2% export tax and comply with ZIMRA regulations.

Use authorized shipping agents with full insurance coverage to protect against loss or theft. Large-scale producers may benefit from direct export incentives.

Costs Involved

The costs of buying gold in Zimbabwe include licensing fees, purchase prices, and potential export taxes. Below is a breakdown:

• Gold Buying Permit: USD 2,500 per annum.
• Gold Dealing License: USD 200,000.
• Gold Jewellery Permit: Varies, with an annual fee set by the Ministry of Mines and Mining Development.
• Gold Prices: Determined by FGR, aligned with international rates. As of 2025, prices fluctuate based on global trends, but Zimbabwe offers competitive pricing due to local production.
• Export Costs:
  • 2% export tax.
  • Customs clearance and shipping fees, which vary depending on the logistics provider.
• Compliance Costs: Include legal and financial advisory fees for navigating regulations, which can range from USD 1,000 to USD 5,000 depending on complexity.

How to Buy Gold in Zimbabwe Online with Us

Step 1: Contact Us

Start your journey by reaching out to us via email or WhatsApp for a quick and secure response. Our team will provide all the details you need to begin, including available gold bars, gold nuggets, and gold bullion for sale.

Step 2: Get a Quote & Documentation

Once you share your gold requirements, we will send a detailed quotation with current market prices aligned with FGR rates. We also provide authenticity documentation, including assay reports and proof of origin, to ensure transparency and trust.

Step 3: Secure Payment & Contract

After agreeing to the terms, you will sign a purchase contract. We accept safe and verified payment methods, ensuring your transaction is protected. Payments are typically made in USD or other approved currencies, following Zimbabwean gold trade regulations.

Step 4: Delivery or Export Arrangement

Your gold will be delivered securely to your location or prepared for export if you are an international buyer. We handle all necessary permits, customs clearance, and insurance to ensure your gold bars or raw gold reach you safely and legally.

Fidelity Zimbabwe Gold Price

Fidelity Printers and Refiners set the official gold buying and selling prices in Zimbabwe. These rates are adjusted periodically to align with international gold market prices.

If you are considering buying gold in Zimbabwe, it is essential to check the Fidelity Zimbabwe gold price regularly to make informed investment decisions.

Exporting Gold from Zimbabwe

Exporting gold is a complex process due to Zimbabwe’s strict regulations aimed at preventing smuggling and ensuring economic benefits remain in the country. Key steps include:

• Obtain a Gold Dealing License: Required for exporting gold, costing USD 200,000.
• Secure an Export Permit: Issued by the Ministry of Mines and Mining Development, requiring proof of origin and authenticity certificates.
• Comply with ZIMRA Regulations: Pay the 2% export tax and provide all necessary documentation.
• Use Authorized Logistics: Partner with licensed shipping companies and ensure insurance coverage.
• FGR Facilitation: Most exports are facilitated by FGR, even for large-scale producers with direct export permissions.

How Much is a Gold Buying Permit in Zimbabwe?

To legally buy gold in Zimbabwe, individuals and businesses must obtain a gold buying permit from the relevant government authorities.

The cost of a gold buying permit in Zimbabwe varies depending on the applicant’s business structure and intended operations. On average, the fees range from $2,000 to $5,000 USD, covering licensing, compliance, and administrative costs.

Requirements to Obtain a Gold Buying Permit in Zimbabwe:

1. A valid business registration certificate.
2. Proof of financial capability to purchase gold.
3. Compliance with anti-money laundering regulations.
4. Tax clearance certificate.
5. Detailed business plan outlining gold buying operations.

Legal and Regulatory Framework

The purchase of gold in Zimbabwe is governed by the Gold Trade Act [Chapter 21:03], which regulates all dealings in gold, including buying, selling, possession, and exportation. Below is an overview of the key regulations and entities involved:

Key Regulations

• Gold Trade Act: This legislation prohibits unauthorized persons from possessing or dealing in gold. To legally buy gold, individuals or entities must obtain appropriate licenses or permits. Unauthorized possession or trading is a criminal offense, with penalties including fines or imprisonment.
• Reserve Bank of Zimbabwe (RBZ): The RBZ oversees gold trading through its subsidiary, Fidelity Gold Refinery (FGR), which holds a monopoly on gold buying, refining, and exporting in Zimbabwe.
• Fidelity Gold Refinery (FGR): FGR is the sole authorized buyer of gold in Zimbabwe, ensuring all gold produced is sold through official channels. Buyers must work with FGR or its licensed agents to purchase gold legally.
• Export Restrictions: Exporting gold requires a gold dealing license, which costs USD 200,000 as of 2023, and is subject to stringent conditions set by the Minister of Finance. Large-scale producers may obtain special authorization for direct exports under specific circumstances, but FGR typically facilitates the process.
• Value Added Tax (VAT): In June 2024, the government removed the 15% VAT on gold deliveries to FGR, making it more cost-effective for miners to sell to FGR.

Licensing Requirements

To buy gold legally in Zimbabwe, you must obtain a gold buying permit or a gold dealing license, depending on your intended activities:

• Gold Buying Permit: Issued by FGR, this permit allows individuals or entities to act as gold buying agents for FGR. The cost is USD 2,500 per annum. Requirements include:
  • Police clearance for individuals or company directors/agents.
  • Commitment to purchasing a minimum quantity of gold per month.
  • For companies, a company profile, directors’ names, and physical addresses.
  • Passport-size photos for the principal license holder and directors.
  • Current tax clearance certificate.
  • For custom millers, a current license for a milling or elution plant issued by the Ministry of Mines and Mining Development.
• Gold Dealing License: Issued by the Ministry of Finance and Economic Development, this license allows holders to buy, refine, and export gold. It is significantly more expensive, costing USD 200,000.
• Gold Jewellery Permit: For those interested in manufacturing or trading gold jewelry, a separate permit is required from the Ministry of Mines and Mining Development. Requirements include clearance from the Jewellery Council of Zimbabwe, stating the annual weight of gold required, and payment of an annual fee.

Other Relevant Laws

• Mines and Minerals Act [Chapter 21:05]: Governs mining activities, including the acquisition of mining titles and prospecting licenses.
• Base Minerals Export Control Act [Chapter 21:01]: Regulates the export of minerals, including gold, with oversight from the Zimbabwe Revenue Authority (ZIMRA).
• Environmental Management Act: The Environmental Management Agency (EMA) regulates the environmental impact of mining, requiring environmental impact assessment certificates for mining projects.

Compliance Requirements

• • Anti-Money Laundering (AML): Buyers must comply with AML regulations, providing proof of financial capability and a detailed business plan outlining gold buying operations.
  • Tax Compliance: A valid tax clearance certificate is mandatory for companies applying for licenses.
  • Export Taxes: A 2% export tax is levied on gold exports, and proper documentation, including invoices and certificates of origin, is required.

How to Spot Fake Gold

When purchasing gold in Zimbabwe, it is crucial to verify authenticity to avoid counterfeit products. Here are some tips on how to spot fake gold:

• Magnet Test: Gold is non-magnetic, so if it sticks to a magnet, it’s fake.
• Scratch Test: Real gold is soft and can be scratched with a sharp object without chipping.
• Density Test: Genuine gold is denser than most metals; professional testing can confirm this.
• Acid Test: Using nitric acid can help determine purity; genuine gold does not react to acid.
• Certified Dealers: Always buy from authorized dealers like us to ensure authenticity and quality.

Gold Transportation and Delivery

Once you purchase gold from us, we handle secure gold transportation to your preferred destination. We use trusted logistics partners to ensure safe and timely delivery. Our transportation services include:

1. Air Freight: Secure and fast delivery via trusted airlines with full insurance coverage.
2. Courier Services: Secure door-to-door delivery through reliable courier companies.
3. Private Security Transport: For large shipments, we provide armed escort services.
4. Custom Clearance Assistance: We handle all required documentation and customs processes.

Requirements for Shipping Gold from Zimbabwe

Exporting gold from Zimbabwe requires compliance with government regulations to prevent smuggling and illegal trade. The following are the key requirements for shipping gold:

1. Export Permit: Issued by the Ministry of Mines and Mining Development.
2. Proper Documentation: Including invoices, proof of origin, and authenticity certificates.
3. Customs Clearance: Compliance with Zimbabwe Revenue Authority (ZIMRA) regulations.
4. Insurance Coverage: Ensuring protection against theft and loss.
5. Authorized Shipping Agent: Partnering with licensed shipping companies for compliance and safety.

Risks and Challenges

 Economic Instability: Zimbabwe’s economy has faced significant challenges, including hyperinflation and currency shortages, which can affect gold pricing and transaction processes.

The introduction of the Zimbabwe Gold (ZiG) currency, backed by 2.5 tons of gold reserves, aims to stabilize the economy, but its long-term success remains uncertain.

Illegal Trade and Smuggling: An estimated USD 1.2–1.9 billion worth of gold is illegally exported annually, primarily by artisanal miners due to low prices and delayed payments by FGR. Buying from unlicensed sources risks legal consequences and counterfeit gold.

Regulatory Complexity: The high cost of licenses (e.g., USD 200,000 for a gold dealing license) and strict compliance requirements can be prohibitive for small-scale buyers or investors. The government’s reluctance to issue export permits further complicates international transactions.

Fraud and Counterfeit Gold: Unlicensed sellers, particularly artisanal miners, may sell counterfeit or low-purity gold. Always verify authenticity through professional testing and deal only with licensed entities.

Infrastructure Challenges: Persistent power shortages and inadequate equipment can affect gold production and delivery, potentially delaying transactions.

Opportunities and Benefits of Buying Gold in Africa

 High-Quality Gold: Zimbabwe produces some of the purest gold, making it an excellent investment for both local and international buyers.

 Competitive Pricing: Due to local production, gold prices in Zimbabwe are often lower than international markets, offering cost advantages.

Investment Potential: Gold is a safe-haven asset, providing a hedge against inflation and economic uncertainty. Zimbabwe’s gold sector offers opportunities for diversification and long-term value storage.

Government Incentives: The RBZ offers export incentives for large-scale producers, such as higher retention thresholds (e.g., 80% on incremental production), which can benefit buyers working with these producers.

Economic Impact: The artisanal and small-scale mining sector supports over 1 million direct beneficiaries and 3 million indirect beneficiaries, making gold buying a socially impactful investment.

Practical Tips for Buyers

1. 1. Work with Licensed Entities: Always purchase from FGR, licensed dealers like us or authorized mining companies to ensure compliance and authenticity.
   2. Consult Experts: Engage legal or financial advisors to navigate the complex regulatory landscape, especially for international buyers.
   3. Verify Gold Quality: Use professional testing methods and obtain assay reports to confirm gold purity.
   4. Monitor Market Trends: Regularly check FGR’s gold prices and international market rates to time your purchases effectively.
   5. Secure Transactions: Use secure payment methods and ensure proper documentation to comply with AML and export regulations.
   6. Plan for Export: If intending to export gold, secure the necessary licenses and permits well in advance, and partner with authorized shipping agents.
   7. Avoid Black Market: Purchasing from unlicensed sellers risks legal penalties and financial losses due to fraud.

Investing in gold in Zimbabwe is a lucrative opportunity, and partnering with a reputable gold dealer ensures a hassle-free experience. With our expertise and commitment to quality, we provide the best gold buying solutions tailored to your investment needs.

From guiding you through the buying process to secure transportation and regulatory compliance, we are your trusted partner in the gold business.

If you are ready to buy gold in Zimbabwe, contact us today to get started with a reliable and secure transaction. Secure your investment with trusted African gold dealers and enjoy peace of mind knowing you’re dealing with professionals.

Frequently Asked Questions About Gold in Zimbabwe

1. Is gold mining legal in Zimbabwe?
Yes, gold mining is legal in Zimbabwe, but it requires proper licensing from the Ministry of Mines and Mining Development. Artisanal and small-scale mining (ASM) is common, but operations must adhere to government regulations.

2. Where can I buy gold in Zimbabwe?
Gold in Zimbabwe can be legally purchased from registered gold dealers, Fidelity Printers and Refiners (the sole gold buyer in Zimbabwe), and authorized banks. It is important to avoid unlicensed sellers to prevent legal issues.

3. How much is gold per gram in Zimbabwe?
The price of gold in Zimbabwe fluctuates based on international market rates and local economic conditions. It is advisable to check the current price with Fidelity Printers and Refiners or local gold dealers for accurate rates.

4. Can foreigners buy gold in Zimbabwe?
Yes, foreigners can legally purchase gold in Zimbabwe, but they must comply with government regulations, including obtaining the necessary permits and buying from authorized dealers.

5. What is the process of getting a gold mining license in Zimbabwe?
To obtain a gold mining license, applicants must submit an application to the Ministry of Mines and Mining Development, conduct an Environmental Impact Assessment (EIA), and pay the required fees. Inspections and compliance with safety regulations are also required.

6. What are the major gold mining areas in Zimbabwe?
Key gold mining areas in Zimbabwe include:

• Kadoma
• Kwekwe
• Bindura
• Shurugwi
• Mazowe
• Gwanda
• Penhalonga

7. How can I verify if gold is authentic in Zimbabwe?
You can verify the authenticity of gold by having it tested at certified laboratories, using gold testing kits, or purchasing from reputable dealers who provide certification and assay reports.

8. Is gold smuggling a problem in Zimbabwe?
Yes, gold smuggling is a significant challenge in Zimbabwe due to high taxes and regulatory constraints. The government has implemented measures to curb smuggling by tightening border controls and increasing surveillance.

9. What are the uses of gold mined in Zimbabwe?
Gold mined in Zimbabwe is used for jewelry, investment (bullion and coins), industrial applications, and as reserves by the central bank to support the economy.

10. What factors affect gold prices in Zimbabwe?
Gold prices in Zimbabwe are influenced by:

• International gold market trends
• Exchange rates, particularly the Zimbabwean dollar against the US dollar
• Government policies and taxes
• Supply and demand in the local market

11. Can I export gold from Zimbabwe?
Yes, gold can be exported from Zimbabwe, but it requires proper documentation and approval from the Reserve Bank of Zimbabwe and relevant authorities. Unauthorized exportation is illegal.

12. How can I invest in gold in Zimbabwe?
You can invest in gold in Zimbabwe by purchasing physical gold (bars or coins), buying shares in mining companies, or investing in gold-backed securities through regulated financial institutions.

13. What are the environmental impacts of gold mining in Zimbabwe?
Gold mining can have negative environmental impacts such as deforestation, water pollution, and land degradation. The government requires miners to conduct Environmental Impact Assessments (EIAs) and follow sustainable mining practices.

14. Are there risks associated with buying gold in Zimbabwe?
Yes, risks include purchasing counterfeit gold, dealing with unlicensed sellers, price volatility, and potential legal issues if transactions are not properly documented.

15. How can I start a small-scale gold mining business in Zimbabwe?
To start a small-scale gold mining business, you need to:

• Acquire a mining license
• Conduct a feasibility study
• Secure funding
• Comply with environmental and safety regulations
• Invest in the necessary equipment and manpower.

Contact Us Now to Buy Gold in Zimbabwe Safely and Securely!