Gold Price Today in Zimbabwe in Zimbabwe Dollar (ZWD)

Saturday, 18 January 2025, 9:12 PM

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978,118.68 Zimbabwe Dollar/Ounce
2,702.73 U.S. Dollar/Ounce
13,114.97 Zimbabwe Dollar/Gram 10K
36.24 U.S. Dollar/Gram 10K
18,398.70 Zimbabwe Dollar/Gram 14K
50.84 U.S. Dollar/Gram 14K
Gold ounce price in Zimbabwe is 978,118.68 Zimbabwe Dollar per ounce, Gold gram price is 31,450.76 Zimbabwe Dollar per gram karat 24, 28,829.86 Zimbabwe Dollar per gram karat 22, 27,519.42 Zimbabwe Dollar per gram karat 21, 23,588.07 Zimbabwe Dollar per gram karat 18.

Gold Price in Zimbabwe in Zimbabwe Dollar

Gold Unit Zimbabwe Dollar U.S. Dollar
Gold Ounce 978,118.68 2,702.73
Gold Gram Karat 24k 31,450.76 86.90
Gold Gram Karat 22k 28,808.90 79.60
Gold Gram Karat 21k 27,519.42 76.04
Gold Gram Karat 18k 23,588.07 65.18
Gold Gram Karat 14k 18,398.70 50.84
Gold Gram Karat 12k 15,725.38 43.45
Gold Gram Karat 10k 13,114.97 36.24
Gold Gram Karat 9k 11,794.04 32.59
Gold Gram Karat 8k 10,473.10 28.94
Table of Contents

Gold Karats Commonly Used in Zimbabwe

In Zimbabwe, the most commonly used gold karats are 22K, 18K, and 14K, each with its own unique characteristics and popularity among consumers.

22K gold is the most prevalent form of gold jewelry in the country. Comprising about 91.67% pure gold, it retains a rich yellow hue and is favored for its softness and malleability, making it ideal for intricate designs.

Following closely is 18K gold, which contains 75% pure gold. While slightly less yellow than 22K, it offers a good balance between durability and appearance. It is often preferred for daily wear due to its strength and lower susceptibility to scratching.

Lastly, 14K gold is less common but still present in the market. With 58.3% pure gold, it is more affordable and considered quite durable, making it a practical choice for both jewelry makers and buyers looking for cost-effective options.

Overall, the preference for higher karat gold reflects the cultural significance and appreciation for quality in Zimbabwe's jewelry traditions.

Gold Price Chart in Zimbabwe

How Gold Price is Determined in Zimbabwe

The price of gold in Zimbabwe is influenced by a myriad of factors that intertwine local and global dynamics. Global market trends play a significant role, as gold is traded on international exchanges. The price set on these platforms often dictates the baseline price within Zimbabwe. Additionally, local currency stability is crucial; fluctuations in the Zimbabwean dollar can cause significant variations in gold prices, affecting both miners and consumers.

Another critical factor is the supply and demand dynamics within the country. Zimbabwe has substantial gold reserves and mining activities, contributing to the overall supply. However, the demand for gold can be influenced by factors such as economic instability and the inflation rate. As Zimbabwe is often subject to hyperinflation, the allure of gold as a stable asset increases, driving demand higher.

Furthermore, the government policies and regulations surrounding mining can directly impact production levels and, consequently, gold prices. Any changes in mining taxes, export regulations, or operational restrictions can alter the market landscape. Ultimately, the interplay of these factors shapes the gold price in Zimbabwe, making it a complex and dynamic scenario.

Price of Gold Bullion in Zimbabwe in Zimbabwe Dollar

  • The price of gold bullion 5 grams 24K in Zimbabwe: 157,253.81 Zimbabwe Dollar
  • The price of gold bullion 10 grams 24K in Zimbabwe: 314,507.61 Zimbabwe Dollar
  • The price of gold bullion 20 grams 24K in Zimbabwe: 629,015.23 Zimbabwe Dollar
  • The price of gold bullion 50 grams 24K in Zimbabwe: 1,572,538.07 Zimbabwe Dollar
  • The price of gold bullion 100 grams 24K in Zimbabwe: 3,145,076.15 Zimbabwe Dollar
  • The price of gold bullion 250 grams 24K in Zimbabwe: 7,862,690.37 Zimbabwe Dollar
  • The price of gold bullion 500 grams 24K in Zimbabwe: 15,725,380.75 Zimbabwe Dollar
  • The price of gold bullion 1000 grams 24K in Zimbabwe: 31,450,761.49 Zimbabwe Dollar

Predictions for Gold Prices in Zimbabwe

The gold market in Zimbabwe has shown significant volatility in recent years, influenced by both local and global economic factors. Analysts predict that gold prices will continue to fluctuate due to a combination of inflationary pressures and currency instability. As Zimbabwe grapples with high inflation rates, which have been a consistent concern, gold is increasingly viewed as a safe haven asset by investors.

Recent forecasts suggest that gold prices could rise further as global demand increases while supply remains constrained. Strong performance in international markets, driven by geopolitical tensions and economic uncertainties, is expected to impact local prices positively. Additionally, improvements in mining operations and increased investment in the gold sector could bolster production, potentially stabilizing prices even amid volatility.

Furthermore, the Reserve Bank of Zimbabwe's policies regarding gold trading may also play a crucial role in influencing prices. The government's efforts to boost the gold sector through mining incentives are likely to attract more investment. Overall, while some analysts project short-term instability, the long-term outlook for gold prices in Zimbabwe remains optimistic, supported by both local production and international market trends.

Gold price in Zimbabwe in January 2025 in Zimbabwe Dollar

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
18 January 2025 978,073.72 31,449.32 28,826.22 27,512.62 23,579.40 18,350.35
17 January 2025 982,481.44 31,591.04 28,956.13 27,636.61 23,685.67 18,433.05
16 January 2025 975,645.26 31,371.23 28,754.65 27,444.31 23,520.86 18,304.79
15 January 2025 968,232.11 31,132.87 28,536.17 27,235.78 23,342.14 18,165.71
14 January 2025 967,538.41 31,110.56 28,515.72 27,216.27 23,325.42 18,152.69
13 January 2025 971,987.23 31,253.61 28,646.84 27,341.41 23,432.67 18,236.16
12 January 2025 973,189.53 31,292.27 28,682.27 27,375.23 23,461.66 18,258.72
11 January 2025 973,189.53 31,292.27 28,682.27 27,375.23 23,461.66 18,258.72
10 January 2025 967,305.61 31,103.07 28,508.86 27,209.72 23,319.81 18,148.32
9 January 2025 962,584.45 30,951.27 28,369.72 27,076.92 23,205.99 18,059.75
8 January 2025 958,063.84 30,805.91 28,236.48 26,949.76 23,097.01 17,974.93
6 January 2025 953,859.43 30,670.72 28,112.57 26,831.49 22,995.65 17,896.05
5 January 2025 955,438.40 30,721.49 28,159.10 26,875.90 23,033.71 17,925.67
4 January 2025 955,438.40 30,721.49 28,159.10 26,875.90 23,033.71 17,925.67
3 January 2025 963,227.56 30,971.95 28,388.67 27,095.01 23,221.49 18,071.81
2 January 2025 953,186.16 30,649.07 28,092.73 26,812.55 22,979.42 17,883.42
1 January 2025 949,609.52 30,534.07 27,987.31 26,711.94 22,893.19 17,816.31
31 December 2025 943,575.80 30,340.06 27,809.48 26,542.22 22,747.73 17,703.11
30 December 2025 949,325.55 30,524.94 27,978.94 26,703.95 22,886.34 17,810.99
29 December 2025 947,786.64 30,475.45 27,933.59 26,660.66 22,849.24 17,782.11
28 December 2024 947,786.64 30,475.45 27,933.59 26,660.66 22,849.24 17,782.11
27 December 2024 952,982.86 30,642.54 28,086.73 26,806.83 22,974.51 17,879.60
26 December 2024 950,664.68 30,568.00 28,018.41 26,741.62 22,918.63 17,836.11
25 December 2024 947,094.57 30,453.20 27,913.19 26,641.20 22,832.56 17,769.13
24 December 2024 948,633.77 30,502.69 27,958.55 26,684.49 22,869.67 17,798.01
23 December 2024 950,310.21 30,556.60 28,007.96 26,731.65 22,910.08 17,829.46
22 December 2024 948,807.85 30,508.29 27,963.69 26,689.39 22,873.86 17,801.27
21 December 2024 948,807.85 30,508.29 27,963.69 26,689.39 22,873.86 17,801.27
20 December 2024 940,014.64 30,225.55 27,704.53 26,442.04 22,661.88 17,636.30
19 December 2024 944,215.84 30,360.64 27,828.35 26,560.22 22,763.16 17,715.12

Gold Making Charges in Zimbabwe

In Zimbabwe, the gold making charges typically refer to the fees associated with processing and refining gold, which can be significant for both miners and buyers. These charges are commonly expressed as a percentage of the gram price of gold. On average, making charges can range from 5% to 10% of the gram price, depending on various factors such as the purity of the gold and the specific service provider.

For instance, if the current market price of gold is approximately USD 60 per gram, making charges at 7% would amount to around USD 4.20 per gram. In local currency, assuming an exchange rate of 1 USD = 1,000 Zimbabwean Dollars (ZWL), this translates to an approximate making charge of 4,200 ZWL per gram.

These charges can significantly impact the overall cost of gold transactions. Therefore, both sellers and buyers must consider these costs when engaging in the gold market in Zimbabwe, as they can vary widely and affect the profitability of gold trading.

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