Zimbabwe’s gold miners are celebrating as gold prices breached the US$110 per gram mark today, 9 September 2025, translating to more than US$3,400 an ounce.
According to the official buyer, Fidelity Gold Refinery (FGR), today’s top price for gold of 90% purity and above stands at US$110.36/g (US$3,431.66/oz), up from yesterday’s US$109.21/g (US$3,395.49/oz). The Fire Assay cash price, which applies to gold above 100g, also climbed from US$109.78/g (US$3,413.45/oz) to US$110.95/g (US$3,449.08/oz).
Other categories showed similar gains:
SG above 89% but below 90%: from US$108.05/g (US$3,361.59/oz) to US$109.20/g (US$3,397.57/oz).
SG above 80% but below 85%: from US$106.89/g (US$3,325.06/oz) to US$108.03/g (US$3,361.28/oz).
SG above 75% but below 80%: from US$105.74/g (US$3,289.34/oz) to US$106.86/g (US$3,324.15/oz).
Samples below 10g but above 5g: from US$104.01/g (US$3,235.37/oz) to US$105.11/g (US$3,269.48/oz).
The upward swing means more cash for small-scale producers, who supply most of Zimbabwe’s gold deliveries to FGR.
“This is good news for us. Every dollar makes a big difference because costs keep going up. At least now we feel the effort is paying off, zvirikuendeka,” said one small-scale miner from Kwekwe.
With prices now holding above the US$110/g (US$3,400/oz) threshold, miners are “smiling all the way to the bank.” Analysts say the official market could see higher deliveries, strengthening Zimbabwe’s gold output and foreign currency inflows.
