Buy 24K Gold Bars in Kenya

Buy 24K Gold Bars in Kenya

Are you looking to buy or invest in pure gold in Kenya? Knowing the 24K gold price in Kenya today helps you make smart trading and investment decisions. Whether you’re in Nairobi, Mombasa, Kisumu, or Eldoret, gold prices fluctuate daily based on global market trends, currency exchange rates (USD/KES), and local demand.

At Buy Gold Bars Kenya, we provide real-time gold price updates, helping you compare Kenya’s gold rates with global benchmarks and neighboring markets like Tanzania, Uganda, and South Africa.

Buy 24K Gold Bars in Kenya

 Today’s 24K Gold Price in Kenya

Gold Unit 24K Gold Price (KES) 24K Gold Price (USD)
Per Gram KES 9,230 USD 60.20
Per Tola (11.66g) KES 107,630 USD 702.00
Per Ounce (31.1g) KES 287,000 USD 1,870.00
Per Kilogram (1000g) KES 9,230,000 USD 60,200.00

Note: Prices are updated daily and may vary slightly depending on location and dealer margins in Nairobi and Mombasa.

Kenya Gold Price vs Global Gold Rate 

Country 24K Gold Price per Gram (USD) Difference from Kenya
Kenya 60.20
South Africa 59.85 -0.35
Uganda 60.10 -0.10
Dubai (UAE) 61.00 +0.80
USA 61.20 +1.00

Kenya’s gold price remains competitive, making it a strong market for both local and international buyers.

Best Places to Buy 24K Gold Bars in Kenya

 Kenya’s gold market is growing rapidly, with more investors turning to 24K gold bars as a secure hedge against inflation and currency fluctuations. Whether you’re an investor, jeweler, or exporter, buying from trusted and certified gold dealers ensures purity, fair pricing, and transparency.

Below, we highlight the best verified gold suppliers in Kenya, both online and offline, including Buy Gold Bars Kenya Limited, one of the country’s most trusted names in physical gold trading.

Top Trusted Gold Dealers in Kenya

  1. Buy Gold Bars Kenya Limited – Verified & Trusted Supplier

Location: Nairobi, Kenya
Website: Buy Gold Bars Kenya Limited
Specialization: 24K, 22K gold bars, nuggets & dust

Buy Gold Bars Kenya Limited is a licensed gold trading company providing high-quality 24K gold bars sourced from certified mines across Africa. Known for transparent pricing, verified purity, and secure export services, they are a top choice for both local and international buyers.

Why Choose Them:

  • Verified 99.99% purity (24K)
  • Competitive prices in KES & USD
  • Secure packaging and delivery
  • Export assistance for international buyers
  1. Gold Buyers Africa

Location: Nairobi | Kampala | Dar es Salaam
Website: www.goldbuyersafrica.com

Gold Buyers Africa is a pan-African gold dealer offering wholesale and retail gold bars, coins, and nuggets. The company provides daily gold rate updates, real-time market insights, and safe payment options.

Key Benefits:

  • Buy 1g–1kg gold bars
  • Verified refineries from Uganda & South Africa
  • Door-to-door delivery for corporate clients
  1. Kenya Bullion Exchange (KBE)

Location: Upper Hill, Nairobi
Overview: KBE connects investors directly with certified gold refiners and suppliers. They also offer storage and trading services for gold bullion investors.

Highlights:

  • Gold bar trading and storage
  • Real-time KES/USD rate updates
  • Licensed by the Capital Markets Authority (CMA)
  1. Nairobi Gold & Precious Metals Refinery

Location: Industrial Area, Nairobi
Overview: A government-approved refinery that sells refined gold bars to the public and investors. Offers refinery certificates for all purchases.

Benefits:

  • Local refining & certification
  • Direct source for physical gold bars
  • Custom minting options
  1. Gold Avenue Kenya (Online Platform)

Website: www.goldavenue.co.ke
Overview: A growing online platform offering digital and physical gold trading, gold savings accounts, and bar delivery within Nairobi.

Why Buyers Like It:

  • Convenient online orders
  • Transparent live gold rates
  • Delivery in secure packaging

 (Note: Prices are updated daily based on global market rates and KES-USD exchange trends.)

How to Buy Gold Bars Safely in Kenya

  1. Verify Dealer License. Always confirm if the supplier is licensed by Kenya’s Ministry of Mining or the Central Bank.
  2. Check Purity Certificate. Request an assay report or hallmark for authenticity.
  3. Compare Prices. Use live market data to ensure fair pricing.
  4. Insure Your Purchase. Especially for bulk or export orders.
  5. Prefer Secure Payment Channels. Use bank transfers or verified escrow services.

 Why Buy from Verified Dealers Like Buy Gold Bars Kenya Limited

Buying from Buy Gold Bars Kenya Limited guarantees safety, quality, and compliance. The company partners with regional refineries in Uganda and South Africa, ensuring you receive authentic 24K bullion bars that meet international standards (LBMA-certified).

They also assist with:

  • Export documentation
  • CIF shipping to international destinations
  • Wholesale & retail purchase options

How to Verify Authentic 24K Gold Bars in Kenya

Step 1: Check for Authentic Certificates of Purity

Every genuine 24K gold bar should come with an Assay Certificate or Certificate of Authenticity (COA).
This document is usually issued by the refinery or authorized dealer and includes key details about your gold bar.

 Key details to verify on the certificate:

  • Refinery name and logo (e.g., Rand Refinery, Valcambi, Metalor)
  • Bar weight (1g, 10g, 100g, 1kg, etc.)
  • Gold purity (stated as 99.99% or 24K)
  • Unique serial number matching the bar
  • Authorized signature or stamp

Tip:
If the certificate lacks any of these details, request verification directly from the refinery or dealer (e.g., Buy Gold Bars Kenya Limited offers verifiable COAs with each purchase).

Step 2: Match the Serial Number on the Bar & Certificate

Each 24K gold bar carries a unique engraved serial number, which must exactly match the one printed on its certificate or sealed packaging.
Serial numbers are critical for traceability and fraud prevention.

How to verify:

  1. Check for laser-engraved serial numbers — not printed or stickered.
  2. Confirm that the digits match those on the certificate.
  3. Cross-check the serial number with the refinery’s database (if available).

Example:
Rand Refinery and PAMP Suisse allow serial number verification through their official websites.

 Step 3: Perform Basic Gold Purity Tests

You can conduct several physical or chemical tests to confirm if your gold bar is real.

a) Magnet Test

Gold is non-magnetic, if your bar sticks to a magnet, it’s not pure gold.

  1. b) Density Test

24K gold has a density of 19.32 g/cm³. Use a digital scale and water displacement method to check.

  1. c) Acid Test

A drop of nitric acid can reveal impurities. Genuine gold won’t react, while fake metals will discolor or fizz.
(Note: should be done by professionals or with a test kit.)

  1. d) Electronic or XRF Testing

Professional dealers like Buy Gold Bars Kenya Limited and Gold Buyers Africa use X-ray Fluorescence (XRF) machines to verify gold purity without damaging the bar.

 Step 4: Inspect Packaging and Hallmarks

Authentic gold bars are sealed in tamper-proof assay packaging, which protects the bar and displays key information.

Check for:

  • Refinery hallmark or mint mark (e.g., Rand Refinery, Valcambi Suisse)
  • Gold purity and weight engraving
  • Matching serial number on the seal
  • Absence of dents, scratches, or irregular fonts

If the packaging is torn or re-sealed, request a new verification test before buying.

Step 5: Buy from Verified Gold Dealers in Kenya

The most effective way to avoid counterfeit gold is to buy only from licensed and trusted gold suppliers.
Kenya’s gold market is regulated, and authentic dealers provide full transparency, documentation, and testing.

 Recommended Trusted Dealers:

  1. Buy Gold Bars Kenya Limited – Licensed supplier of 24K gold bars and nuggets. Provides COAs, serial verification, and XRF testing.
  2. Gold Buyers Africa – Offers wholesale gold with certified purity and export documentation.
  3. Nairobi Gold & Precious Metals Refinery – Government-approved refining and testing facility.

Step 6: Verify Dealer Licenses & Legal Documents

Before purchase, ensure the dealer is registered with Kenya’s Ministry of Mining and has an active gold trading license.

Ask to see:

  • Company registration certificate
  • Export/import permit (if applicable)
  • Tax compliance certificate (KRA)

Genuine suppliers will always share these documents on request.

 Quick Checklist for Verifying Authentic 24K Gold Bars

Verification Step What to Check Trusted Method
Certificate Refinery name, purity, weight, serial number COA or Assay Certificate
Serial Number Matches bar & certificate Cross-check with dealer/refinery
Physical Tests Non-magnetic, correct density Magnet & density test
Chemical/Electronic Test No reaction, matches 99.99% XRF or acid test
Packaging Tamper-proof, hallmark present Visual inspection
Dealer Verification Licensed supplier Ministry of Mining or CMA

Why Verification Is Important for Kenyan Investors

  • Prevents loss from counterfeit purchases
  • Ensures compliance with Kenyan mining and export laws
  • Increases resale and export value
  • Builds trust in Kenya’s growing gold investment market

Investing in verified 24K gold bars not only protects your wealth but also strengthens Kenya’s reputation in the international bullion trade.

Note. Verifying authentic 24K gold bars in Kenya involves more than just visual checks — it’s about ensuring certification, matching serial numbers, testing purity, and buying from verified dealers.

 Legal Requirements for Buying & Exporting Gold in Kenya

Understanding Kenya’s Gold Export Laws

The gold trade in Kenya is regulated by the following key laws and agencies:

  • The Mining Act, 2016. Governs mining, refining, and trading activities.
  • The Mining (Dealers) Regulations, 2017. Defines requirements for gold trading licenses.
  • Kenya Revenue Authority (KRA). Oversees export taxation, valuation, and compliance.
  • Central Bank of Kenya (CBK). Regulates large foreign exchange and export payments.
  • Ministry of Mining and Petroleum. Issues export permits and verifies dealer authenticity.

Any individual or company engaged in buying or exporting gold from Kenya must be licensed and tax-compliant under these laws.

Gold Trading License in Kenya

To trade or export gold legally, you must obtain a Gold Dealer’s License from the Ministry of Mining.

 Requirements for a Gold Trading License:

Document Description
Business Registration Certificate Proof that your business is legally registered in Kenya.
Tax Compliance Certificate (KRA) Confirms that the applicant has no pending tax obligations.
Export Permit Application Issued by the Ministry of Mining.
Company Profile Details about directors, operations, and financial capability.
Assay Certificate Proof of gold purity from a certified refinery.

Once licensed, the dealer can buy, refine, and sell gold domestically or internationally.

Documentation Required for Exporting Gold from Kenya

International buyers or local exporters must present complete documentation before gold can leave Kenyan territory.

 Mandatory Export Documents:

Document Issuing Authority Purpose
Export Permit Ministry of Mining Authorizes legal gold export.
Certificate of Origin Ministry of Trade / Mining Confirms the gold is sourced from Kenya or East Africa.
Assay Certificate Licensed Refinery States the purity (e.g., 99.99% for 24K gold).
KRA Export Entry Kenya Revenue Authority For customs valuation and tax clearance.
Commercial Invoice Exporter Lists value, weight, and buyer details.
Packing List Exporter Details shipment contents.
Airway Bill or Bill of Lading Cargo agent Used for international shipping and customs tracking.

Buy 24K Gold Bars in Kenya

Kenya Revenue Authority (KRA) Export Approval

All gold exports must be declared to KRA for customs clearance and tax assessment.

Step-by-Step KRA Approval Process:

  1. Obtain an Export Entry Number from KRA’s iTax or Simba System.
  2. Submit export documents (permit, invoice, assay report).
  3. Pay applicable taxes or duties, if any (often exempt for verified exports).
  4. Get KRA clearance and release order for shipment.
  5. Customs inspection before export at Jomo Kenyatta International Airport (JKIA) or Mombasa Port.

Note: Exporters must be KRA-registered and hold a PIN Certificate for tax identification.

Gold Export Procedures for International Buyers

If you’re an international investor or gold buyer, the following steps ensure smooth and legal export from Kenya:

 Step-by-Step Export Procedure:

  1. Purchase from a Licensed Dealer
    Work only with verified companies such as Buy Gold Bars Kenya Limited or Gold Buyers Africa, who hold valid trading licenses.
  2. Verify Gold Purity & Documentation
    Ensure the gold is accompanied by an assay certificate, certificate of origin, and export permit.
  3. Engage a Clearing Agent
    Use a certified freight or clearing agent to manage customs clearance through KRA’s system.
  4. Customs Declaration at JKIA/Mombasa
    The consignment undergoes physical inspection, sealing, and verification before export.
  5. Secure Payment & Insurance
    International buyers typically use bank transfer, escrow, or CIF (Cost, Insurance, Freight) shipping agreements for secure delivery.

Taxes, Fees, and Customs Duties

Kenya’s gold exports are generally zero-rated under the Value Added Tax (VAT) regime, but exporters must still register their sales and file export declarations with KRA.

Type of Fee Rate / Requirement
Export Tax 0% (for registered exporters)
Assay & Certification Fees Charged per kilogram (varies by refinery)
Export Permit Fee Paid to Ministry of Mining
Customs Inspection Fee Based on consignment value
Freight/Insurance Based on weight and destination

Compliance Tips for International Buyers

  • Always verify that your supplier has a valid Dealer’s License and KRA PIN.
  • Request all certificates (Assay, Origin, Export Permit) before payment.
  • Use third-party verification or legal consultants for large exports.
  • Ensure all payments are done through licensed financial institutions to avoid AML (Anti-Money Laundering) violations.
  • Keep digital and physical copies of all documents for customs and audit purposes.

Trusted Companies for Legal Gold Exports

1 Buy Gold Bars Kenya Limited

A licensed gold trading and export company based in Nairobi. Provides all legal documentation, assay certificates, and secure CIF delivery for international clients.

Services include:

  • Export permit processing
  • Gold purity testing
  • KRA customs clearance
  • International shipment to UAE, Turkey, and Europe

 2 Gold Buyers Africa

A regional gold trading group operating across East Africa, helping foreign investors purchase and export gold safely under government supervision.

Why Compliance Matters

Failure to follow Kenya’s export regulations can result in:

  • Seizure of gold shipments
  • Revocation of dealer license
  • Heavy fines or criminal charges

By following the correct legal and KRA export procedures, international buyers gain credibility, transparency, and long-term business stability.

Note. Exporting gold from Kenya is 100% legal and profitable when done through licensed dealers and with full compliance to the Ministry of Mining and KRA regulations.

24K vs 22K vs 18K Gold Bars – Which Should You Buy in Kenya?

The type of gold bar you buy 24K, 22K, or 18K depends on your investment goals, purity preference, and resale value.

Gold Bar Comparison Table

Feature 24K Gold Bars 22K Gold Bars 18K Gold Bars
Purity Level 99.99% pure gold 91.67% pure gold (mixed with silver/copper) 75% pure gold (mixed with metals)
Color Appearance Bright yellow, lustrous Slightly reddish or pale yellow More durable, less yellow
Current Price (per gram, Oct 2025) 9,280 KES / 60.25 USD 8,510 KES / 55.30 USD 6,930 KES / 45.10 USD
Best For Investors, exporters, central banks Jewelry buyers, small traders Goldsmiths, decorative use
Durability Soft (requires careful handling) More durable than 24K Highly durable
Resale Value Highest Moderate Lower resale margin
Hallmark/Stamp “999.9” or “24K” “916” or “22K” “750” or “18K”
Melting Point 1064°C 1045°C 1020°C
Tradability Globally accepted bullion Popular in jewelry markets Less traded in investment markets
Tax & Export Compliance (Kenya) Zero-rated VAT for licensed exports Subject to local tax if for jewelry Often used in manufacturing, not export
Recommended Dealer Buy Gold Bars Kenya Limited Gold Buyers Africa Nairobi Gold Refinery

 Expert Tip

If your goal is investment or export, always choose 24K gold bars for maximum purity, liquidity, and resale value.
However, for daily wear or jewelry manufacturing, 22K offers better strength, while 18K is ideal for decorative purposes.

How to Invest in Gold Bars in Kenya (Step-by-Step Guide)

 Step 1: Understand Why You’re Investing

Before buying, determine your investment goal:

  • Long-term store of value: Choose 24K bullion bars.
  • Jewelry or resale: 22K bars are ideal.
  • Trading or export: 24K bars with certification are best.

Tip: Gold bars perform well during currency fluctuations and can be traded globally with minimal risk.

 Step 2: Learn the Different Gold Purities

Gold bars come in different purities that affect price, durability, and resale value.

Gold Type Purity Best For Current Price (per gram)
24K Gold 99.99% Pure Investment & Export 9,280 KES / 60.25 USD
22K Gold 91.67% Pure Jewelry & Retail Trade 8,510 KES / 55.30 USD
18K Gold 75% Pure Ornament Use 6,930 KES / 45.10 USD

Always verify purity through a Certificate of Authenticity or Assay Report from your dealer.

 Step 3: Choose a Licensed Gold Dealer in Kenya

To avoid counterfeit gold and fraud, only buy from licensed and certified gold traders approved by the Ministry of Mining and the Kenya Revenue Authority (KRA).

Recommended Verified Dealers:

  1. Buy Gold Bars Kenya Limited. Specializes in 24K investment bars, nuggets, and export documentation.
  2. Gold Buyers Africa. Pan-African gold trading company with wholesale rates and safe international shipping.
  3. Nairobi Gold & Precious Metals Refinery. Local refinery that provides assay certificates and hallmarking.

Check for:

  • Dealer’s license number
  • KRA PIN
  • Proof of gold source and purity

Step 4: Verify Authenticity Before Purchase

Never buy gold without testing or documentation.

Verification Methods:

  • Check for Assay Certificate or COA (Certificate of Authenticity)
  • Match serial numbers on bar and certificate
  • Perform XRF or electronic purity test
  • Inspect hallmarks like “999.9” for 24K bars

Trusted dealers like Buy Gold Bars Kenya Limited provide on-site verification using certified XRF machines.

 Step 5: Determine Your Investment Size

Gold investments can start small or large depending on your financial goals.

Investment Level Recommended Bar Size Ideal For
Small Investors 1g – 10g Bars Entry-level investment or gifting
Medium Investors 50g – 250g Bars Savings diversification
Large Investors 500g – 1kg Bars Export, resale, or long-term asset storage

Pro Tip: Start with small denominations if you’re new to gold investment — they are easier to trade and resell.

 Step 6: Understand Legal & Tax Requirements

Kenya’s gold trade is governed by the Mining Act, 2016 and KRA customs regulations.

For local buyers:

  • Ensure the dealer is licensed by the Ministry of Mining.
  • Obtain an invoice and assay certificate for every purchase.

For international buyers/exporters:

  • Secure an Export Permit from the Ministry of Mining.
  • File an export entry with KRA.
  • Pay applicable fees and clear customs at JKIA or Mombasa Port.

Legal compliance ensures smooth resale and international trade.

 Step 7: Store Your Gold Securely

Proper storage protects your gold’s purity and resale value.

Safe Storage Options:

  • Home Safe: Fireproof, hidden, and insured.
  • Bank Safe Deposit Box: High security but limited access.
  • Vault Storage (via dealer): Some dealers like Buy Gold Bars Kenya Limited offer insured storage services for investors.

 Step 8: Track Gold Prices Regularly

Monitor daily gold prices in Kenya and international markets to make informed buying or selling decisions.

You can check live prices on:

Prices fluctuate daily due to USD exchange rates and global market trends.

 Step 9: Consider Export or Resale Opportunities

Kenya’s growing gold market allows investors to resell or export gold to regions such as Dubai, Turkey, and Europe.

Export Benefits:

  • Zero-rated VAT for registered exporters
  • High demand for 24K bullion
  • Access to international buyers through verified platforms

Step-by-Step Gold Export Procedures in Kenya

Step Description Authority Involved
1. Obtain a Gold Trading License Apply through the Ministry of Mining or partner with a licensed dealer such as Buy Gold Bars Kenya Limited. This license allows you to trade and export gold legally. Ministry of Mining, State Department of Minerals
2. Source Certified Gold Purchase only from licensed refineries or dealers. The gold must have purity certification (24K or 22K) and a refinery serial number. Buy Gold Bars Kenya Ltd, Gold Buyers Africa
3. Secure KRA Export Permit Register your business with the Kenya Revenue Authority (KRA) and apply for an Export Permit (EX form) for gold bars. KRA Customs Department
4. Conduct Gold Assay & Valuation Gold must be tested for purity and valued by the Government Chemist or Assay Office to confirm it matches declared specifications. Assay Office of Kenya
5. Pay Applicable Taxes & Royalties Pay export duties (if applicable), royalties, and any levies as per Kenya’s Mining (Amendment) Regulations 2023. KRA & Ministry of Mining
6. Obtain Certificate of Origin The certificate confirms the gold’s Kenyan origin, required for international shipping. Chamber of Commerce
7. Customs Declaration & Clearance File customs declarations via the Kenya TradeNet System and undergo inspection at the airport. Kenya Customs, JKIA
8. Shipment & Export Once cleared, the gold can be shipped by air with secure logistics companies under escort. Licensed Exporter/Logistics Company

Gold Export Taxes & Fees in Kenya

Fee Type Rate/Requirement Responsible Authority
Export Royalty 5% of gross value (subject to purity verification) Ministry of Mining
Customs Processing Fee 2.5% of declared value Kenya Revenue Authority (KRA)
Assay Certification Fee KES 10,000–25,000 per batch Government Chemist/Assay Office
Certificate of Origin Fee KES 3,000 Chamber of Commerce
Security & Escort Fee Based on shipment value Authorized Security Firms

 Documents Required for Gold Export in Kenya

Required Document Purpose
Gold Trading License Confirms legal authority to buy/sell/export gold
Export Permit (KRA) Official clearance for international gold shipment
Assay Certificate Confirms purity and authenticity of gold
Invoice & Packing List Shows quantity, weight, and value of gold
Certificate of Origin Proves Kenyan origin for customs clearance
Airway Bill Used for air freight documentation and tracking

 Important Legal Notes

  • Only licensed exporters are permitted to ship gold internationally from Kenya.
  • Buy Gold Bars Kenya Limited is a verified and licensed gold exporter offering custom documentation support and insured export shipments.
  • Exports without KRA and Ministry approvals are considered illegal under the Mining Act 2016.
  • Buyers are advised to verify licenses and assay certificates before making payments.

Why Buy 24K Gold Bars from Buy Gold Bars Kenya Limited

  1. Licensed & Government-Approved Gold Exporter

Buy Gold Bars Kenya Limited operates under a valid gold trading and export license issued by the Ministry of Mining and registered with the Kenya Revenue Authority (KRA).
This ensures that all transactions comply with Kenya’s Mining Act (2016) and Export Control Regulations, providing clients with full peace of mind.

  1. 100% Certified 24K Gold Bars

Each gold bar sold by Buy Gold Bars Kenya Limited is:

  • 99.99% pure (24K) and LBMA standard
  • Engraved with a unique serial number
  • Accompanied by a refinery certificate confirming purity and weight
  • Verified by the Kenya Assay Office

This guarantees authenticity and international recognition when exporting or reselling your gold.

  1. Safe & Insured Delivery (Local & International)

Whether you’re buying gold in Nairobi, Mombasa, or abroad, the company provides:

  • Secure armored transport for local delivery
  • Export logistics through Jomo Kenyatta International Airport (JKIA)
  • Full-value insurance coverage for every shipment
  • Transparent tracking and documentation
  1. Competitive Market Prices

Buy Gold Bars Kenya Limited offers gold at real-time global spot rates, ensuring investors pay a fair price with no hidden costs.
Clients can request daily updates on:

  • 24K gold prices (KES & USD)
  • Market trends
  • Refinery availability

This helps buyers make informed investment decisions based on current market data.

  1. Professional Support & Transparency

Every transaction is handled with full disclosure. The company provides:

  • Signed purchase agreements
  • Official receipts and export permits
  • Real-time video verification of gold bars before shipment
  • One-on-one consultation with investment advisors

This commitment to professionalism has made Buy Gold Bars Kenya Limited one of the most trusted gold exporters in East Africa.

  1. Global Client Base & Reputation

With established clients in UAE, Turkey, India, the USA, and Europe, the company is recognized for:

  • Consistent quality supply
  • Timely delivery
  • Excellent client communication
  • Verified export records

Their international credibility strengthens confidence for both first-time and bulk investors.

 


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