Fidelity reverts back to US$
Fidelity has reverted back to buying rates of 55% USD and 45% RTGS.
The country sole buyer had earlier today published the buying rates in local currency. This was in line with government announcement abolishing the multi-currency system. The Public Relations Officer head Chelesani Moyo acknowledged the change but advised she could not shed more light as she was on leave.
The Zim currency rates had sparked outrage as miners swore Fidelity will not receive anything from them.
Below are the new revised gold buying rates. Please note payment will be in 55% USD and 45% RTGS and EXCHANGE RATE : 6.3107
Gold prices 23 January 2020 55%US$/ 45%ZWL
| DENSITY | PRICE/ RATES |
|---|---|
| 90% AND ABOVE | $47.05/g |
| SG ABOVE 85% BUT BELOW 90% | $46.30/g |
| SG ABOVE 80% BUT BELOW 85% | $45.30/g |
| SG ABOVE 75% BUT BELOW 80% | $44.79/g |
| SAMPLE BELOW 10g BUT ABOVE 5g | $45.80/g |
| FIRE ASSAY CASH | $47.30/g |
The earlier announced rates (No longer to be used)
Gold prices 25 June 2019
| DENSITY | RATE/ GRAM |
|---|---|
| SG 90% and Above 90 | ZWD$268.09/g |
| SG Above 85% but below 90% | ZWD$263.81/g |
| SG Above 80% but below 85% | ZWD$258.11/g |
| SG Above 75% but below 80% | ZWD$255.26/g |
| Sample below 10g but above 5g | ZWD$260.96/g |
| Fire Assay cash | ZWD$269.52/g |