Zambia · ZMW · September 2021
Gold Price in Zambia — September 2021
In September 2021, the gold price in Zambia closed at approximately ZK29,013 per troy ounce, equivalent to ZK10,880 per tola or ZK933 per gram. This represents a -3.81% change on the month (ZK30,162 open → ZK29,013 close).
Open
ZK30,162
per troy ounce
Close
ZK29,013
per troy ounce
High
ZK30,470
per troy ounce
Low
ZK28,863
per troy ounce
All unit prices at September 2021 close — Zambia
| Unit | Weight | Closing ZMW price |
|---|---|---|
| Troy ounce | 31.1035 g | ZK29,013 |
| Gram | 1.0000 g | ZK933 |
| 10 grams | 10 g | ZK9,328 |
| Kilogram | 1,000 g | ZK932,784 |
| Tola | 11.664 g | ZK10,880 |
Karat-purity breakdown at September 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KZAMBIA STD | ZK932 | ZK10,869 |
| 22K | ZK854 | ZK9,966 |
| 21K | ZK816 | ZK9,520 |
| 18K | ZK700 | ZK8,160 |
| 14K | ZK546 | ZK6,365 |
| 10K | ZK389 | ZK4,537 |
Daily gold price in ZMW — September 2021
September 2021 gold market: Taper signals pressure gold
BearishApproaching QE taper lifted yields and the dollar.
Gold drifted lower toward $1,750 in September as the Federal Reserve signalled it would soon begin tapering its bond purchases. Rising yields and a firmer dollar weighed on the metal into the autumn.
What drove gold in September 2021
- Fed signalling a November taper
- rising Treasury yields
- firmer US dollar
- subdued investment demand
Key events in September 2021
- Sep 22Fed flags imminent taper; gold eases toward $1,750
What happened next
Inflation worries pulled gold back up in October before a volatile November.
For gold buyers in Zambia
September reminded buyers that the withdrawal of central-bank support — not just rate hikes — is a headwind for gold.
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 — September 2021, Zambia
ZK30,162
$1,811.80/oz
ZK30,175
$1,812.60/oz
ZK30,360
$1,823.70/oz
ZK30,470
$1,830.31/oz
ZK30,325
$1,821.60/oz
ZK30,002
$1,802.20/oz
ZK29,732
$1,786.00/oz
ZK29,770
$1,788.30/oz
ZK29,875
$1,794.60/oz
ZK29,940
$1,798.47/oz
ZK29,864
$1,793.90/oz
ZK29,845
$1,792.80/oz
ZK29,915
$1,797.00/oz
ZK29,099
$1,748.00/oz
ZK29,233
$1,756.00/oz
ZK29,419
$1,767.21/oz
ZK29,263
$1,757.80/oz
ZK29,541
$1,774.50/oz
ZK29,522
$1,773.40/oz
ZK29,133
$1,750.00/oz
ZK29,079
$1,746.80/oz
ZK29,314
$1,760.91/oz
ZK29,221
$1,755.30/oz
ZK28,863
$1,733.80/oz
ZK28,920
$1,737.20/oz
ZK29,013
$1,742.80/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 September 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 September 2021
What was the gold price in Zambia in September 2021?
In September 2021, gold in Zambia opened at ZK30,162/oz and closed at ZK29,013/oz — a move of -3.81% on the month. Per tola: ≈ZK10,880; per gram: ≈ZK933; per 10g: ≈ZK9,328.
What was the 24K gold rate per tola in Zambia in September 2021?
The 24K gold rate per tola in Zambia at the September 2021 close was approximately ZK10,880, derived from international XAU/USD spot of $1,742.80/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 September 2021?
Zambia's most-quoted retail standard is 24K per gram. At the September 2021 close, that worked out to approximately ZK932 (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 September 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 September 2021 page with the country-by-country list at the bottom.
Other markets? Compare September 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.