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🇿🇼 Gold Price Today in Zimbabwe | ZiG61,186
Live gold price in Zimbabwe Gold (ZWG) — updated every 5 minutes
Last updated: May 5, 2026, 12:57 AM ET
Per Gram (ZWG)
ZiG1,967.16
Per Troy Oz (ZWG)
ZiG61,186
Per Kg (ZWG)
ZiG1,967,163
USD/Gold Spot
$4,532.27/oz
USD/ZWG Rate
1 USD = 13.5 ZWG
ZWG per gram
ZiG1,967.16
Gold Market in Zimbabwe
Zimbabwe has a deep and complex relationship with gold, both as a producer and as a country whose hyperinflation history made gold a literal survival asset. The Reserve Bank of Zimbabwe introduced the Zimbabwe Gold (ZWG) currency in April 2024, explicitly backed by gold reserves — an attempt to create stability after decades of currency failures. Zimbabwe produces approximately 30+ tonnes of gold annually from both large and artisanal operations.
Why do people in Zimbabwe buy gold?
Zimbabwe's hyperinflation crisis (2008) is the most extreme in modern history, with prices doubling every 24 hours at peak. Even after stabilization attempts, currency trust has never fully recovered. The ZWG's gold backing is meant to restore confidence. For Zimbabweans, gold bullion — officially sold through Mosi-oa-Tunya gold coins — offers the most direct inflation protection and has become a mainstream savings instrument.
Frequently Asked Questions — Gold in Zimbabwe
What is the gold price today in Zimbabwe in ZiG?
The gold price in Zimbabwe Gold (ZWG) is calculated from the USD spot price at the official USD/ZWG rate. The ZWG was introduced in April 2024 and is backed by gold held in the Reserve Bank of Zimbabwe, making Zimbabwe one of the few countries with a gold-backed currency.
What is the Zimbabwe Gold (ZWG) currency?
The Zimbabwe Gold (ZWG) is Zimbabwe's currency introduced in April 2024, replacing the failing Zimbabwe dollar. It is backed by a combination of gold and foreign currency reserves held by the Reserve Bank of Zimbabwe. The ZWG is designed to maintain value relative to gold, providing inflation protection through currency design rather than relying solely on monetary discipline.
Can Zimbabweans buy gold coins directly?
Yes. The Reserve Bank of Zimbabwe sells Mosi-oa-Tunya gold coins, which contain one troy ounce of 22-carat gold. These coins are priced at the prevailing international gold price, are legal tender, and can be used as collateral for bank loans — a unique feature. They have been widely adopted as a savings vehicle since their introduction in 2022.