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Zimbabwe’s gold market opened the week on a strong footing, with prices surging sharply across all categories, underscoring renewed momentum in the precious metals sector.
The top-grade SG 90% and above category climbed to US$132.07 per gram (US$4,107.84/oz), marking a notable jump from Friday’s US$128.52 per gram (US$3,997.39/oz).Gold Prices Shoot to 132.07
The latest price movements reflect a broad-based rally, with gains recorded across every grading band. SG 85% and above but below 90% rose to US$130.67/g (US$4,064.29/oz), up from US$127.16/g (US$3,955.98/oz) on Friday.
Similarly, SG 80% and above but below 85% advanced to US$129.27/g (US$4,020.75/oz), compared to US$125.80/g (US$3,914.56/oz) previously.
Lower-grade categories also mirrored the upward trend. SG 75% and above but below 80% increased to US$127.87/g (US$3,977.20/oz) from US$124.44/g (US$3,873.14/oz), while sample deliveries of 5g and above but below 10g improved to US$125.78/g (US$3,912.20/oz), up from US$122.40/g (US$3,808.63/oz) at the end of last week.
The Fire Assay CASH price posted one of the strongest performances, rising to US$132.76/g (US$4,129.30/oz) from US$129.20/g (US$4,018.77/oz) on Friday, reinforcing bullish sentiment among producers and traders.
The sharp week-on-week increase highlights firm demand for gold and offers relief to miners, particularly small-scale producers who are highly sensitive to price movements. If the current trajectory holds, the improved price environment could bolster production incentives and enhance foreign currency inflows into the sector in the near term.
