.png)
Gold prices have recorded another upward movement, with all categories showing modest but steady gains compared to yesterday, Mining Zimbabwe can report.
The increase reflects a strengthening precious metals market driven by consistent investor demand and currency fluctuations impacting commodity values.
According to today’s Fidelity Gold Refinery (FGR) price update, all purity categories of gold — from 75% to above 90% — posted increases averaging around US$1 per gram. This marks a positive trend for producers and traders following weeks of price fluctuations.
Below is a detailed comparison between yesterday’s and today’s gold prices:
| Category | Price ($/g) Yesterday | Price ($/g) Today | Price ($/oz) Yesterday | Price ($/oz) Today | Change ($/g) |
|---|---|---|---|---|---|
| SG 90% and ABOVE | 124.27 | 125.27 | 3,864.24 | 3,896.53 | +1.00 |
| SG 85% and above but below 90% | 122.95 | 123.95 | 3,823.33 | 3,853.25 | +1.00 |
| SG 80% and above but below 85% | 121.64 | 122.62 | 3,782.55 | 3,811.10 | +0.98 |
| SG 75% and above but below 80% | 120.32 | 121.29 | 3,741.64 | 3,768.96 | +0.97 |
| Sample 5g and above but below 10g | 118.35 | 119.31 | 3,681.71 | 3,707.06 | +0.96 |
| Fire Assay CASH | 124.92 | 125.93 | 3,884.46 | 3,915.23 | +1.01 |
The highest category (SG 90% and ABOVE) continues to lead the market, now priced at US$125.27/g (US$3,896.53/oz), up from US$124.27/g (US$3,864.24/oz) recorded yesterday. The Fire Assay CASH rate also showed a similar upward adjustment, indicating stronger returns on high-purity gold.
The consistent increase across all grades demonstrates resilience in the gold market despite economic headwinds. Analysts suggest the rise could be linked to steady international demand, local currency pressures, and renewed investor confidence in gold as a stable store of value.
As the festive period approaches and global inflationary trends persist, gold prices are likely to remain firm — a positive sign for Zimbabwe’s mining and trading communities.
