en.Wedoany.com Reported - On April 11, 2026, Zimbabwe's official gold buyer and exporter, Fidelity Gold Refinery (FGR), released its latest gold purchase prices, covering valuation standards for multiple purity levels from 75% to 90% and above, as well as specific testing methods. Data shows that the purchase price for the highest purity gold (SG 90% and above) is US$142.27 per gram, equivalent to US$4,425.10 per ounce.
Fidelity Gold Refinery (FGR) is Zimbabwe's sole official gold buyer, refiner, and exporter. It is responsible for purchasing all domestic gold production on behalf of the government and also handles the disbursement of the Gold Development Initiative Fund (GDIF). The company was established in 1966, initially focusing on secure printing of banknotes. It was officially registered as a company in 1978, added gold refining operations in 1987, and was renamed Fidelity Gold Refinery (Pvt) Ltd in 2021. Currently, FGR operates multiple gold buying centers in Zimbabwe's major gold-producing regions and employs two testing methods: the specific gravity method and the fire assay method, the latter being an internationally recognized method for analyzing gold purity.
According to the price list released by FGR, the purchase price for gold with SG 85% but below 90% is US$140.76 per gram (US$4,378.13 per ounce); for SG 80% but below 85%, it is US$139.26 per gram (US$4,331.48 per ounce); and for SG 75% but below 80%, it is US$137.75 per gram (US$4,284.51 per ounce). For samples weighing between 5 and 10 grams, the purchase price is US$135.49 per gram (US$4,215.21 per ounce). The cash price for fire assay applies to gold over 100 grams, with no sample deduction, at US$143.02 per gram (US$4,448.42 per ounce); whereas the transfer price for fire assay involves deducting a sample not exceeding 10 grams.
Zimbabwe's gold production has continued to grow in recent years. According to data previously released by FGR, the country's gold production reached 46.7 tons in 2025, a 17% increase from 36.48 tons in 2024, setting a new historical record. Artisanal and small-scale miners contributed 34.9 tons of this total. As Zimbabwe's largest source of foreign exchange earnings, the regular release of official gold purchase prices provides a market reference for local gold transactions.
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