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Gold producers in Zimbabwe are set to earn more today as Fidelity Gold Refinery (FGR), the country’s official gold buyer and exporter, significantly increased buying prices per gram across all gold purity categories.
By Keith Sungiso
Below is a comparison of prices between 6 May 2025 and 7 May 2025 buying rates:
| Gold Purity Category | 6 May 2025 Price (USD/g) | 7 May 2025 Price (USD/g) | Price Increase (USD/g) |
|---|---|---|---|
| SG 90% and ABOVE | $98.73 | $103.04 | +4.31 |
| SG ABOVE 89% BUT BELOW 90% | $97.68 | $101.95 | +4.27 |
| SG ABOVE 80% BUT BELOW 85% | $96.64 | $100.85 | +4.21 |
| SG ABOVE 75% BUT BELOW 80% | $95.59 | $99.76 | +4.17 |
| SAMPLE BELOW 10g BUT ABOVE 5g | $94.03 | $98.13 | +4.10 |
| Fire Assay CASH | $99.25 | $103.58 | +4.33 |
The Fire Assay CASH price showed the largest jump, increasing by $4.33 per gram, reaching $103.58/g. The base category for SG 90% and above also saw a strong rise of $4.31/g. All other categories recorded gains slightly above $4 per gram, reflecting a uniform bullish trend in gold prices.
This increase is a positive signal for artisanal and small-scale miners, as well as large-scale producers, who benefit from improved margins. The adjustments mirror international gold market movements and a strong US dollar.
