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Harare, 27 May 2025 – In a significant development for Zimbabwe’s gold sector, Fidelity Gold Refinery (FGR) has announced buying prices that now exceed US$100 per gram — a milestone that has excited small-scale and artisanal miners across the nation.
According to the latest gold buying prices released today, gold with a Specific Gravity (SG) of 90% and above is fetching US$101.55 per gram, while fire assay-tested gold above 100 grams is commanding a premium cash price of US$102.09 per gram.
Full Price Breakdown (27 May 2025 – Fidelity Gold Refinery):
- SG 90% and ABOVE: US$101.55/g
- SG ABOVE 89% BUT BELOW 90%: US$100.48/g
- SG ABOVE 80% BUT BELOW 85%: US$99.40/g
- SG ABOVE 75% BUT BELOW 80%: US$98.33/g
- Sample BELOW 10g BUT ABOVE 5g: US$96.72/g
Fire Assay CASH Price: US$102.09/g (for gold over 100g, with no sample deduction)
These prices reflect Zimbabwe’s effort to incentivise local gold deliveries and strengthen its gold reserves amid a volatile global market.
Royalty Charges
As per FGR policy:
- A 2% royalty applies to all deposits from small-scale miners.
- A 5% royalty is applied to primary producers (larger-scale operations).
Boost for Local Miners
The surge in prices past the US$100/g mark is being hailed as a positive move, especially for Zimbabwe’s tens of thousands of small-scale miners who form the backbone of local gold production. Many see this as a long-awaited reward for their efforts and a motivator to channel more gold through formal channels.
