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    Gold

    Gold

    $2,300.00

    International spot price of $2,300 per Troy Ounce and an exchange rate of 130 KES to 1 USD.

    Base Calculation:

    • Price per Gram in USD = $2,300 / 31.1035 ≈ $73.95/gram

    • Price per Gram in KES = $73.95 * 130 ≈ KES 9,615/gram (This is for 24K pure gold)

    Gold Type & Description Karat Purity Gold Content (%) Approximate Price per Gram (KES) * Key Characteristics & Buyers
    24K Pure Gold
    (Bullion, Bars, Coins)    		 24 Karat 99.9%+ Pure 9,600 – 10,200 Priced closest to the spot price. Sold by banks (e.g., Imperial Bank) and licensed dealers with a premium for fabrication and security. Bought by investors and international refiners.
    22K Gold
    (Common for Jewellery)    		 22 Karat 91.7% Pure 8,800 – 9,350 Popular karat for high-quality jewellery. Price is 91.7% of the 24K value, plus a craftsmanship premium.
    18K Gold
    (High-End Jewellery)    		 18 Karat 75.0% Pure 7,200 – 7,650 Valued for its hardness and rich colour. Price is 75% of the 24K value, plus a significant craftsmanship and design premium.
    14K Gold
    (Durable Jewellery)    		 14 Karat 58.3% Pure 5,600 – 5,950 Common for its durability and lower cost. Price is 58.3% of the 24K value, plus a craftsmanship premium.
    10K Gold
    (Base Jewellery)    		 10 Karat 41.7% Pure 4,000 – 4,300 The minimum karat to be called “gold” in many countries. Least expensive due to low gold content.
    Artisanal Gold (Dore/Unrefined)
    (From local miners)    		 Varies
    (Often 18K-22K)    		 60% – 90% Pure 5,800 – 7,200 This is a SALE price to a dealer. Highly variable and discounted due to unknown exact purity, impurities, and the need for refining. Miners typically receive 60-75% of the spot value for the estimated gold content.

    Gold Categories

    Category Typical Purity Key Characteristics Primary Market Approx. Price per Gram (KES) * Premium Level
    Gold Nuggets ~20K-23K (83%-95%) Natural, unique, irregular shapes Collectors, Jewellery 12,000 – 20,000+ Very High
    Gold Bars (Bullion) 24K (99.99%) Manufactured, stamped, certified Investment, Storage 9,800 – 10,500 Low to Medium
    Gold Coins (Mints) 22K or 24K (91.7%-99.99%) Legal tender, government-backed, recognizable Investment, Collecting 10,500 – 12,000+ Medium to High
    Category: Tags: , , Brand:

    In Kenya, gold mining has emerged as a significant economic activity, primarily driven by artisanal and small-scale miners (ASM) in regions like Migori, Kakamega, and Turkana. While these operations hold immense potential for local development and national revenue, they are often plagued by challenges including informal structures, inefficient extraction techniques, and a lack of access to formal markets. This often results in miners receiving prices far below the international market value for their gold. The sector’s fragmentation also makes it difficult to ensure ethical and transparent sourcing, which is a critical concern for the global supply chain. It is within this complex landscape that organizations like Peak Mining operate, aiming to bridge the gap between these local miners and the international market.

    Peak Mining, through its platform peak-mining.org, facilitates a formalized and streamlined process for Kenyan gold. The organization works directly with artisanal mining communities to promote responsible sourcing and procurement, ensuring that the gold is acquired through legal and traceable channels. A key technical service they provide is precise assaying and tabulated karat differentiation. Using advanced verification methods, they accurately grade the purity of the gold (e.g., 18K, 22K, 24K), providing a clear and trustworthy valuation that is essential for both domestic and international trade. This scientific approach eliminates guesswork and builds confidence among buyers regarding the exact quality and value of their purchase.

    Ultimately, Peak Mining acts as a crucial aggregator and exporter, connecting ethically sourced Kenyan gold to a broad client base. We leverage formalized supply chain to sell directly to national jewelers, international refiners, and institutional buyers, ensuring that miners receive a fair price while clients are guaranteed a legitimate and high-quality product. By providing a transparent link from the Kenyan mine site to the global market, peak-mining.org not only enhances the profitability and sustainability of local mining operations but also positions Kenyan gold as a competitive and reputable player in the international precious metals industry.

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