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🇿🇲 Gold Price Today in Zambia | ZK117,839
Live gold price in Zambian Kwacha (ZMW) — updated every 5 minutes
Last updated: May 5, 2026, 12:57 AM ET
Per Gram (ZMW)
ZK3,788.61
Per Troy Oz (ZMW)
ZK117,839
Per Kg (ZMW)
ZK3,788,610
USD/Gold Spot
$4,532.27/oz
USD/ZMW Rate
1 USD = 26 ZMW
ZMW per gram
ZK3,788.61
Gold Market in Zambia
Zambia is best known as one of the world's top copper producers — the "Copperbelt" is central to its identity and economy. Gold production is smaller but growing, with several exploration and development projects active. The Bank of Zambia holds gold as part of foreign reserves. With copper prices closely watched, gold serves as a complementary hard-asset diversifier for Zambia's resource-heavy portfolio.
Why do people in Zambia buy gold?
The Zambian kwacha has experienced significant depreciation over the years, particularly during Zambia's 2020 debt default and restructuring process. This has driven increased interest in gold as a stable store of value. Gold jewelry is purchased for weddings and ceremonies, while investment-minded Zambians in urban areas increasingly seek exposure to gold ETFs and physical bullion.
Frequently Asked Questions — Gold in Zambia
What is the gold price today in Zambia in kwacha?
The gold price in Zambian kwacha is derived from the USD spot price multiplied by the USD/ZMW exchange rate. The kwacha has been volatile — particularly since 2020 — so gold in kwacha terms has appreciated significantly for local holders.
Is Zambia known for gold mining?
Zambia is primarily known for copper, but gold production is growing. Exploration projects in North-Western Province and the Copperbelt are revealing gold deposits alongside base metals. Several international mining companies are advancing gold projects that could make gold a more significant export commodity.
How did Zambia's debt default affect gold demand?
Zambia's 2020 default on Eurobonds — Africa's first COVID-era sovereign default — triggered kwacha depreciation and economic uncertainty. This increased demand for gold as a hard-asset hedge among Zambian investors and businesses. The subsequent IMF-backed restructuring stabilized the economy, but gold demand among the risk-conscious remained elevated.