International Gold prices have taken a noticeable dip today, with Fidelity Gold Refinery (FGR) reporting lower prices across all purity categories compared to yesterday. The decline reflects a cooling in the bullion market after a period of strong gains, as global investors reassess positions amid shifting economic signals.
Yesterday, top-grade gold (SG 90% and above) was trading at US$130.47 per gram (US$4,060.22/oz). Today, it has fallen to US$126.68 per gram (US$3,938.69/oz) — a sharp decline of US$3.79 per gram.
The downward movement was consistent across all categories:
| Category | Yesterday ($/g) | Today ($/g) | Change ($/g) |
|---|---|---|---|
| SG 90% and ABOVE | 130.47 | 126.68 | -3.79 |
| SG 85%–89.9% | 129.09 | 125.34 | -3.75 |
| SG 80%–84.9% | 127.71 | 124.00 | -3.71 |
| SG 75%–79.9% | 126.33 | 122.66 | -3.67 |
| Sample 5g–10g | 124.25 | 120.65 | -3.60 |
| Fire Assay Cash | 131.16 | 127.35 | -3.81 |
The average decline of around US$3.7 per gram marks one of the steepest single-day drops in recent weeks.
Market analysts attribute the fall to a strengthening U.S. dollar and reduced safe-haven demand as global markets show signs of stabilisation. Traders have also pointed to possible profit-taking following gold’s recent rally above US$4,000/oz levels.
Despite the pullback, experts maintain that long-term prospects for gold remain positive, driven by central bank demand, geopolitical uncertainty, and inflationary pressures that continue to support the metal’s safe-haven appeal.
Fidelity’s daily pricing remains the benchmark for Zimbabwe’s small-scale and large-scale gold producers, influencing sales and deliveries across the sector.
