Zambia · ZMW · January 2021
Gold Price in Zambia — January 2021
In January 2021, the gold price in Zambia closed at approximately ZK31,162 per troy ounce, equivalent to ZK11,686 per tola or ZK1,002 per gram. This represents a -0.83% change on the month (ZK31,423 open → ZK31,162 close).
Open
ZK31,423
per troy ounce
Close
ZK31,162
per troy ounce
High
ZK32,371
per troy ounce
Low
ZK30,516
per troy ounce
All unit prices at January 2021 close — Zambia
| Unit | Weight | Closing ZMW price |
|---|---|---|
| Troy ounce | 31.1035 g | ZK31,162 |
| Gram | 1.0000 g | ZK1,002 |
| 10 grams | 10 g | ZK10,019 |
| Kilogram | 1,000 g | ZK1,001,876 |
| Tola | 11.664 g | ZK11,686 |
Karat-purity breakdown at January 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KZAMBIA STD | ZK1,001 | ZK11,674 |
| 22K | ZK918 | ZK10,704 |
| 21K | ZK877 | ZK10,225 |
| 18K | ZK751 | ZK8,764 |
| 14K | ZK586 | ZK6,836 |
| 10K | ZK418 | ZK4,873 |
Daily gold price in ZMW — January 2021
January 2021 gold market: Reflation trade pressures gold
BearishRecovery optimism and rising yields pressured gold.
Gold eased from around $1,950 toward $1,850 early in 2021 as rising bond yields and optimism about vaccines and stimulus fuelled a 'reflation' rotation into cyclical assets and away from safe havens.
What drove gold in January 2021
- rising US Treasury yields
- vaccine-rollout optimism
- rotation into cyclical assets
- stronger US dollar
Key events in January 2021
- Jan 6Yields jump after Georgia Senate runoffs; gold slips
What happened next
Rising yields kept pressuring gold to a March low near $1,680.
For gold buyers in Zambia
2021 opened as a mirror image of 2020 — recovery optimism and rising yields did to gold what crisis and falling yields had done for it.
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Zambia gold market
Zambia retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
ZMW (ZK)
Daily gold price — January 2021, Zambia
ZK31,423
$1,887.60/oz
ZK32,371
$1,944.52/oz
ZK32,349
$1,943.20/oz
ZK32,302
$1,940.40/oz
ZK32,163
$1,932.00/oz
ZK31,964
$1,920.10/oz
ZK31,012
$1,862.90/oz
ZK30,911
$1,856.83/oz
ZK30,752
$1,847.30/oz
ZK30,653
$1,841.30/oz
ZK30,946
$1,858.90/oz
ZK30,661
$1,841.80/oz
ZK30,614
$1,839.00/oz
ZK30,645
$1,840.85/oz
ZK30,516
$1,833.10/oz
ZK30,543
$1,834.70/oz
ZK30,907
$1,856.60/oz
ZK30,999
$1,862.10/oz
ZK30,842
$1,852.70/oz
ZK31,096
$1,867.95/oz
ZK30,912
$1,856.90/oz
ZK30,907
$1,856.60/oz
ZK30,681
$1,843.00/oz
ZK30,859
$1,853.70/oz
ZK31,027
$1,863.80/oz
ZK31,162
$1,871.89/oz
How Zambia gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The ZMW/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every ZMW figure on this page is computed as XAU/USD price × ZMW/USD rate. We use the year-end exchange rate consistently across all January 2021 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Zambia, add the country-specific levies described in the “Zambiagold market” section above.
FAQ — Zambia gold price in January 2021
What was the gold price in Zambia in January 2021?
In January 2021, gold in Zambia opened at ZK31,423/oz and closed at ZK31,162/oz — a move of -0.83% on the month. Per tola: ≈ZK11,686; per gram: ≈ZK1,002; per 10g: ≈ZK10,019.
What was the 24K gold rate per tola in Zambia in January 2021?
The 24K gold rate per tola in Zambia at the January 2021 close was approximately ZK11,686, derived from international XAU/USD spot of $1,871.89/oz times the 2021-end ZMW/USD exchange rate of 16.6473. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Zambia in January 2021?
Zambia's most-quoted retail standard is 24K per gram. At the January 2021 close, that worked out to approximately ZK1,001 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
ZMW prices on this page are computed from the verified international XAU/USD spot price for January 2021 (sourced from gold-api.com), multiplied by the 2021-end ZMW/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ZK figures here represent the international gold spot price converted to ZMW at the 2021-end exchange rate. Zambia's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Zambia? See live gold prices in Zambia with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only January 2021 page with the country-by-country list at the bottom.
Other markets? Compare January 2021 prices across other major gold-trading countries: South Africa, Tanzania, Kenya, Botswana, Namibia.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to ZMW at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Zambia before transacting.