Zambia · ZMW · February 2025
Gold Price in Zambia — February 2025
In February 2025, the gold price in Zambia closed at approximately ZK64,341 per troy ounce, equivalent to ZK24,128 per tola or ZK2,069 per gram. This represents a -0.33% change on the month (ZK64,552 open → ZK64,341 close).
Open
ZK64,552
per troy ounce
Close
ZK64,341
per troy ounce
High
ZK65,925
per troy ounce
Low
ZK63,126
per troy ounce
All unit prices at February 2025 close — Zambia
| Unit | Weight | Closing ZMW price |
|---|---|---|
| Troy ounce | 31.1035 g | ZK64,341 |
| Gram | 1.0000 g | ZK2,069 |
| 10 grams | 10 g | ZK20,686 |
| Kilogram | 1,000 g | ZK2,068,598 |
| Tola | 11.664 g | ZK24,128 |
Karat-purity breakdown at February 2025 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KZAMBIA STD | ZK2,067 | ZK24,104 |
| 22K | ZK1,895 | ZK22,101 |
| 21K | ZK1,810 | ZK21,112 |
| 18K | ZK1,551 | ZK18,096 |
| 14K | ZK1,210 | ZK14,115 |
| 10K | ZK863 | ZK10,061 |
Daily gold price in ZMW — February 2025
February 2025 gold market: Uptrend extends on inflation and safe-haven demand
BullishInflation and debt worries sustained the strong uptrend.
Gold continued higher in February as elevated inflation concerns, worries about persistent government debt, and currency-debasement fears drew investors toward gold's traditional store-of-value role. Institutional accumulation and safe-haven demand kept the trend firmly intact.
What drove gold in February 2025
- elevated inflation concerns
- government-debt and debasement fears
- safe-haven demand
- institutional accumulation
Key events in February 2025
- Feb 24Tariff plans on major trading partners reinforce hedging demand
What happened next
Building momentum carried gold through the historic $3,000 barrier in March.
For gold buyers in Zambia
February showed gold working as designed — a hedge against inflation, debt and currency risk, all of which were rising at once.
The 2025 gold market: Continued bull market and de-dollarization signals
2025 saw gold continue its bull market with prices reaching new highs above $3,000/oz. BRICS+ expansion (UAE, Iran, Egypt, Ethiopia) accelerated. Central-bank buying remained at record levels. The era of structural gold appreciation continued through the year.
Key drivers in 2025
Continued central-bank buying, BRICS+ settlement infrastructure, USD reserve share declining, AI-era productivity boom
2025 XAU/USD high
Above $3,000
2025 XAU/USD low
$2,580 (approx)
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 — February 2025, Zambia
ZK64,552
$2,894.73/oz
ZK63,126
$2,830.76/oz
ZK63,126
$2,830.76/oz
ZK63,454
$2,845.48/oz
ZK64,277
$2,882.39/oz
ZK64,075
$2,873.34/oz
ZK64,377
$2,886.86/oz
ZK64,937
$2,911.97/oz
ZK65,153
$2,921.66/oz
ZK65,624
$2,942.78/oz
ZK64,876
$2,909.27/oz
ZK65,394
$2,932.47/oz
ZK65,562
$2,940.02/oz
ZK64,815
$2,906.53/oz
ZK64,815
$2,906.53/oz
ZK65,494
$2,936.97/oz
ZK65,720
$2,947.08/oz
ZK65,895
$2,954.96/oz
ZK65,783
$2,949.93/oz
ZK65,925
$2,956.31/oz
ZK65,925
$2,956.31/oz
ZK65,843
$2,952.62/oz
ZK65,343
$2,930.18/oz
ZK65,103
$2,919.41/oz
ZK64,341
$2,885.24/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 2025 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 February 2025 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 February 2025
What was the gold price in Zambia in February 2025?
In February 2025, gold in Zambia opened at ZK64,552/oz and closed at ZK64,341/oz — a move of -0.33% on the month. Per tola: ≈ZK24,128; per gram: ≈ZK2,069; per 10g: ≈ZK20,686.
What was the 24K gold rate per tola in Zambia in February 2025?
The 24K gold rate per tola in Zambia at the February 2025 close was approximately ZK24,128, derived from international XAU/USD spot of $2,885.24/oz times the 2025-end ZMW/USD exchange rate of 22.2999. 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 February 2025?
Zambia's most-quoted retail standard is 24K per gram. At the February 2025 close, that worked out to approximately ZK2,067 (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 February 2025 (sourced from gold-api.com), multiplied by the 2025-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 2025-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 2025 archive or the USD-only February 2025 page with the country-by-country list at the bottom.
Other markets? Compare February 2025 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 2025-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.