Gold Trading in East-Africa. Reliable and trusted gold dealers
Gold trading in East-Africa. Reliable and trusted gold dealers. East Africa has got its main gold production countries and these include Tanzania, Kenya, Uganda known to be the heart of East Africa. These countries produce highest purified gold of 24k and 22k gold the most recommended golds. This has made East Africa a top notch gold producer in Africa
Kenya is one of the most increasing gold popular gold hubs in Kenya offering peace of mind and convenience to buyers that are looking for pure gold through both online and physical means in order to secure there wealth. Kenya is estimated for producing between 410kg and 6.9 tonnes.
Tanzania is also one of the middle ranged countries that produce gold as it has got a number of gold deposits that contribute to the high production of gold. The country is known for producing 50 tonnes of gold annually making it a prime source for both local and international buyers
Uganda is a growing gold hub in East Africa and Africa as it has got its rich mineral reserves in different regions like in Karamoja, Busia, Mubende, Kasese and other hidden places. This has contributed to the continuous expand of gold trade in the country. Uganda produce 31 tones of gold in a year due to its low production though promising.
Through working with verified and licensed gold dealers like Jesa Minerals your gold and copper trading in Africa, you can easily navigate the East African gold market. We are a gold trading company operating in Uganda but still work with in Kenya, Tanzania and other southern gold producing countries. We focus on offering only pure golds of 22k and 24k gold and make sure all gold transactions are transparent. Contact a gold expert today to take you through as we provide 24/7 support to all buyers
Why gold trading in East-Africa is the best?
East African gold trading is one of the most productive way to start gold investing as it easy to gain gold investment returns easily. Here are some of the reason why East Africa is the best gold trading hub in East Africa
More Affordable: The gold prices of East African countries are more affordable compared to western Africa and Southern African countries. In addition East Africa produce high quality gold with high purity and yet with a competitive price
Geographical locations: East Africa is located near even the most producing countries like Democratic republic of Congo, Mali, Ghana and Congo(Brazzaville). Making it easy to access varieties of gold types in the neighbor hood. Literary even most investors prefer East Africa because of its location and affordability
Compliance and Regulation: Most of the gold mining sites and refineries are regulated by there respective country governments, as this gives assurance of the gold is non conflict gold. Furthermore, most of the gold dealers are licensed to buy and sell gold on a global market
Ethical Sourcing and Trading: Through working with reputable gold dealers like Jesa Minerals, you be guaranteed to get the best sourcing and trading services for gold. Sourcing and trading is on of the most important activities during gold transactions
High quality gold : The gold got from East Africa is not only affordable but also adhering to the international gold standards. Therefore investors enjoy both the best prices and genuine gold products
Diverse selection: Gold trading in East-Africa is the best since it offers a variety of gold selections and different East African gold dealers offering diverse gold options hence reaching to very investors needs.
Factors affecting the prices of gold in East Africa. Gold trading in East-Africa
The prices of gold are influenced by a number of factors that makes them to vary daily. Here are some of the factors influencing gold prices in East Africa
Weight and Size: When buying gold the sellers base on weight and the size of the gold as the sizes range from 1g to 1kg and above. These gold weights and sizes influence the gold pricing
Geopolitical issues; The geopolitical issues include inflation and political crisis. If a country is facing political crisis, it cause a rapid inflation which some times make the gold prices to vary though increasing on it value
Market demand: If many of the international investors are seeking to buy gold from East African countries, the prices may be changed every day. So therefore the market demand influences the gold prices
Jewelry and industrial demand: The global demand for gold in jewelry plus industrial demand applications like in electronics impacts the gold price
Competitive local markets: The availability of various multiple gold dealers in East African cities like Kampala has also lead to more competitive local prices for most investors
Government policies and regulations: The local regulations on mining, trade and export can affect the gold market in East Africa
Why Buy gold in East Africa
East Africa got some of the major gold countries producing gold and here are some the reason for buying gold in different gold countries (Uganda, Kenya, Tanzania)
UGANDA
Rapid growth of gold sector. The growth in producing gold in Uganda is unmatched as its highly developing with its major gold regions like Mubende, Karamoja, Busia and Buhweju. These regions have contributed to the slightly higher gold production in Uganda
Diversification and asset security: Gold also is a great diversifications asset. As other assets are underperforming, that’s when gold stands out to be the most valuable asset. This makes gold a vital component for anyone who is seeking financial stability
Inflation and stability protection: As the currency often depreciates as the inflation is raised, gold tend to retain its value or even increase . Investing in gold from Uganda, you can protect your wealth against currency depreciation which make gold a vital component
KENYA
High purity gold: Kenya is known for producing the most gold tones of about 6.9% of gold and with high gold content as most gold is 24k and 22k gold
Safe storage and delivery: Most of the gold dealers in Kenya like Jesa Minerals gives a chance to discuss the best options for gold storage solutions and insured delivery options. Therefore your investment is thoroughly protected providing peace of mind.
Access to reputable dealers: Most of the Kenyan gold dealers are verified dealers as Kenya is more serious with gold trading in East-Africa. Its Easy to access reputable gold traders like Jesa Minerals the gold and copper trading in Africa
TANZANIA
Rich gold reserves and development mining industry
Tanzania is a home to most of the continent’s largest gold mines which include Geita, Bulyanhulu gold mine and North Mara. These mines produce significant quantities of gold which ensures a steady supply for both local and international markets
Expanding Market and opportunities
The government of Tanzania encourages responsible gold trade and export, creating a steady environment for licensed buyers and legally export gold to major markets like USA and Europe
Types of gold available in Uganda, Kenya and Tanzania
East African countries offers a wide range of variety of gold products that are suitable for different investment needs, and these range from pure investment grade bars to raw nuggets, dust and collectible coins. Gold trading in East-Africa
Below are the most popular types
Gold bars. 24k and 22k
Gold bars are the most more preferred gold forms for investment because of there high purity, ease to make gold investment returns and international market acceptance. In East Africa the gold ranges from 24k and 22k bars that are widely available ranging from 1 gram to 1kilogram
Nuggets and gold dust
East Africa is the best gold hub for all the unprocessed or unrefined golds like gold nuggets and dust. These are sourced directly from artisanal and small scale miners, often at a competitive price
Gold Coins
These are ideal gold for collectors and investors who want to obtain a portable and divisible gold assets. These come in various sizes, often minted with intricate designs and they can serve as gifts or investment items . To access gold coins, look out for dealers like Gold buyers Africa
Steps taken for safe gold trading in East-Africa
Gold buying and selling in Africa is a productive way of gaining wealth from gold if its done the right way. Here are some of the steps taken to buy gold from East Africa. Gold trading in East-Africa
Make research about gold prices
Before buying gold is better to know the current market price of gold in Uganda as gold prices can change daily basing on the international trends, demand and local factors. During the research also make research about verified and reputable dealers
Choose the right type of gold investment
Gold investment has got a number options that an investor can choose to invest in and these can include physical gold which include bars, coins and jewelry, an ideal for those who prefer tangible asset. ETFs or mutual funds which involves tracking gold prices without owning physical gold
Find trusted gold dealers
Working with reputable dealers is very important as it helps to avoid scams. Work with top verified and licensed dealers in East Africa as they guarantee safe gold transactions, insured and secured shipping, reaching the clients needs and presenting there legal documents.
Verify authenticity and Purity
As there very many gold scammed cases, as buying its important to verify testing . Confirm hall marks as these are the stamps showing purity. Request for assay report as they indicate the purity and weight of the gold
Negotiate and make Payments
After verifying authenticity, negotiate the prices basing on current market rates and also use secure payment methods like Bank transfers, Escrow services and cash payment
In conclusion
Gold trading in East-Africa is one of the most productive if its done the right way. The gold market of East Africa is one of the most affordable gold price markets compared to other African markets and other global gold markets. But all in all, working with reputable dealers like Jesa Minerals is also important as they can take you through the African gold market
FAQs
1 Which countries in East Africa produce gold?
Tanzania, Uganda, Kenya and Rwanda, though Rwanda is less productive.
2 How to start gold trading in East Africa?
Research local regulations, find reputable dealers and understand market dynamics
3 What are the gold trading regulations in East Africa?
Comply with local laws, obtain necessary licenses and follow export/import rules
4 How is gold purity verified in East Africa?
Use assay test, XRF or trusted local laboratories