Gold Market Report
Zambia Gold Market Report
Independently researched coverage of the Zambia gold market, last verified Sep 6, 2026. 24K gold is currently ZMW 2,683.38 per gram.
See the live gold price page for Zambia →Research coverage
4 of 4 research sections published for Zambia.
- About this market
- Market notes
- Buying guide
- Tax & duty notes
Gold Price by Purity
Live prices in ZMW.
| Purity | Per g | Per oz t | Per tola | Per kg |
|---|---|---|---|---|
| 24 karat (999.9) | ZMW 2,683.38 | ZMW 83,462.40 | ZMW 31,298.40 | ZMW 2,683,378.46 |
| 22 karat (916.7) | ZMW 2,460.10 | ZMW 76,517.63 | ZMW 28,694.11 | ZMW 2,460,099.05 |
| 21 karat (875) | ZMW 2,348.19 | ZMW 73,036.90 | ZMW 27,388.84 | ZMW 2,348,190.97 |
| 18 karat (750) | ZMW 2,012.74 | ZMW 62,603.06 | ZMW 23,476.15 | ZMW 2,012,735.12 |
| 14 karat (583.3) | ZMW 1,565.37 | ZMW 48,688.49 | ZMW 18,258.18 | ZMW 1,565,371.19 |
| 10 karat (416.7) | ZMW 1,118.28 | ZMW 34,782.26 | ZMW 13,043.35 | ZMW 1,118,275.63 |
Trend
Last 3 months
Per gram · ZMW
- Change
- +6.59%
- Low
- ZMW 2,488.50
- High
- ZMW 2,887.43
Historical data is presented from the site's retained market samples and daily rollups.
View full history →About the Zambia gold market
Zambia — Africa's largest copper producer — is only now formally diversifying into gold, moving away from decades of near-total reliance on copper exports.
Read the full section on the live price page →Market notes
Zambia's precious-metals export tax has been unusually volatile in 2026 -- a 15% export duty on emeralds and other precious stones/metals was reinstated on January 1, 2026 after being suspended since 2019, then suspended again shortly afterward to preserve competitiveness for global mining investment.
Read the full section on the live price page →Buying gold in Zambia
Given how frequently Zambia's precious-metals export duty has changed within 2026 alone, treat any specific rate as a snapshot rather than a settled figure, and confirm current status with a Zambian dealer or the mining ministry before a transaction involving exported metal.
Read the full section on the live price page →Tax & duty notes
Zambia's standard VAT rate is 16%, applying to imported goods on entry.
Read the full section on the live price page →Sources
What the Zambia research is based on
Each claim below traces to a specific, checkable source rather than a general reference.
- National Jeweler — Zambia Lifts 15% Export Duty on Gemstones, Metals
Supports: January 1, 2025 reinstatement and February 21, 2025 suspension of Zambia's 15% precious-metals export duty
Checked Sep 6, 2026
- TaxDo — Zambia VAT Guide 2026
Supports: Zambia's 16% standard VAT rate
Checked Sep 6, 2026
Related markets
More gold markets in Africa
Zambia's immediate sub-region doesn't list enough markets on its own, so this also includes other Africa countries.
Learn
Guides relevant to this gold market
- education
How Gold Prices Work
Gold prices are set globally in USD per troy ounce and translated into every local market using exchange rates and purity.
- weight
Gold Weight Units Explained
Gram, troy ounce, tola, baht, kilogram — a complete conversion guide.
- purity
Gold Hallmarks Explained
What 999, 916, 875, 750 and 585 stamps actually mean.
- purity
24K vs 22K Gold: What's the Difference?
24K is nearly pure gold. 22K is 91.6% gold mixed with other metals for durability. Learn which suits investment vs. jewelry.
- buying
How to Buy Gold Safely
A step-by-step buyer's guide covering dealers, hallmarks, receipts and storage.
- investment
Gold Investment Basics
Bars, coins, ETFs, jewelry — how to start investing in gold.
Explore further
Gold terminology for this report
Methodology
How we calculate the price
- We fetch the international spot gold price (XAU/USD) live from xaus.com + gold-api.com, with automatic failover between providers.
- The spot rate is converted into the local currency using live exchange rates from exchangerate-api.com, then scaled by purity (24K, 22K, 18K…) and by weight (gram, tola, ounce, kilogram, baht).
- The result is the pure spot value. Retail counters may add dealer premium, tax and making charges — the number here is the underlying benchmark.