Published: 4 hours ago

Zimbabwe's gold miners are celebrating as local gold prices hit record levels on 9 September 2025, according to the latest mining sector data.

Fidelity Gold Refinery (FGR) reported a top rate of US$110.36 per gram (US$3,431.66 per ounce) for gold with 90% purity and above, up from yesterday's US$109.21 per gram. Other grades also recorded gains, with the Fire Assay cash price rising to US$110.95 per gram (US$3,449.08 per ounce).

Small-scale miners, who supply the bulk of the country's gold to Fidelity Printers, welcomed the price surge. "Every dollar makes a big difference… at least now we feel the effort is paying off," a Kwekwe producer told the Zimbabwe Economic Review.

Analysts predict that with gold firmly above the US$110 per gram mark, official deliveries are likely to increase, boosting foreign currency inflows and improving the outlook for Zimbabwe's gold sector.

Gold remains one of Zimbabwe's key foreign currency earners, and the recent price surge is expected to provide a significant economic boost to miners and the broader mining industry.
- online

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