Buy 24K Gold Bars in Africa | Prices, Dealers & Export Guide
Looking to buy a 24K gold bars in Africa? You’re in the right place. A 24K gold bar is 99.9% pure gold, making it the highest quality and most valuable form of gold available. Whether you’re an investor, trader, or jeweler, Africa offers some of the best opportunities to buy 24K gold bars directly from the source at prices far more competitive than in Western markets.
At GoldPricesInAfrica.com, we help you connect with verified gold dealers, access live gold prices, and export 24K gold bars legally and securely from countries like Ghana, Uganda, Mali, and South Africa. 24K gold bars
Why Buy 24K Gold Bars in Africa?
1 Direct Access to Mines & Refineries: Many African countries have abundant natural gold reserves and active refining operations.
2 Lower Premiums: By buying closer to the source, you avoid high dealer markups found in other markets. 24K gold bars
3 High Purity Assurance: Reputable African refineries produce 24K gold bars with international certification.
4 Lucrative Investment: With gold prices climbing globally, 24K gold bars are a solid hedge against inflation and currency risk.
Top Countries to Buy 24K Gold Bars in Africa
- Ghana
Ghana is a home to Africa’s largest gold production with trusted exporters licensed by the Precious Minerals Marketing Company (PMMC) and 24K gold bars available in weights from 10g to 1kg. 24K gold bars
- Uganda
Uganda is a rising gold trade hub in East Africa having refineries like African Gold Refinery (AGR) and export-friendly, with clear documentation through Uganda Revenue Authority (URA).
- Mali
Mali is the West Africa’s third-largest gold producer and they offers refined 24K gold through licensed cooperatives and government-verified exporters.
- South Africa
They have a long-standing gold mining tradition and they produce internationally certified 24K gold bars from reputable companies like Rand Refinery.
24K Gold Bar Prices in Africa – What to Expect
| Country | 1g Price (USD) | 10g | 100g | 1kg |
| Ghana | $74 – $77 | $740 – $770 | $7,300 – $7,600 | $72,000 –$75,000 |
| Uganda | $73 – $76 | $730 – $760 | $7,250 – $7,550 | $71,500 –$74,500 |
| Mali | $72 – $75 | $720 – $750 | $7,200 – $7,500 | $71,000 –$74,000 |
| South Africa | $75 – $78 | $750 – $780 | $7,500 – $7,800 | $73,000 –$76,000 |
Note. Prices are indicative and vary with market demand, purity, and local taxes. 24K gold bars
How to Buy 24K Gold Bars in Africa (Step-by-Step)
- Find a Trusted Dealer: Use a verified platform like GoldPricesInAfrica.com to avoid scams.
- Verify Gold Purity & Certification: Make sure you request an assay certificate and weight documentation.
- Negotiate and Confirm Price: Prices are based on international gold rates plus minimal local margins and always understand the current gold bar word market.
- Secure Payment & Logistics: Use insured shipping and secure payment channels (bank transfer and escrow account).
- Comply with Export Laws: always ensure proper export documentation from the seller (like URA in Uganda, PMMC in Ghana). 24K gold bars
Why Choose GoldPricesInAfrica.com?
- Verified Suppliers Across Africa
- Real-Time Gold Prices & Market Insights
- Assay & Export Assistance
- Secure, Transparent Transactions
- Bulk & Small Quantity Orders Welcome
How to Verify 24K Gold in Africa – Tests Every Buyer Should Know
When buying 24K gold in Africa, especially in raw or bar form, verifying authenticity is key to avoid scams and ensure you’re getting true 99.9% pure gold if you’re purchasing from Ghana, Uganda, Mali, or South Africa and here are the most reliable ways to test and verify 24K gold before making a transaction.
- Ask for an Assay Report or Certificate
Always request a gold assay certificate from a certified laboratory or refinery and this document confirms Purity (24K = 99.9%), Weight, Origin and Stamp or seal from recognized refineries (like AGR in Uganda, Rand Refinery in South Africa)
- Check for Hallmarks & Stamps
Genuine 24K gold bars should have clear stamps showing the purity (999 or 24K), Refinery/brand name and Serial number and if the gold lacks this, be cautious and ask for verification.
- Use Portable XRF Testing Devices
Many buyers in Africa now use X-Ray Fluorescence (XRF) analyzers to test gold on-site and these devices provide instant, non-destructive purity results, detect gold content and any mixed metals and are ideal for checking both bars and raw gold nuggets. 24K gold bars
- Acid Test (For Field Verification)
This is a basic but commonly used test apply a nitric acid solution to a small scratch on the gold surface and the 24K gold will not react or change color. Be aware: this is only a surface-level test and should be followed with lab testing.
- Magnet Test
Pure gold is not magnetic and if the bar or nugget is attracted to a magnet, it’s either fake or alloyed with cheaper metals.
- Water Density Test
24K gold has a density of ~19.3 g/cm³. Weigh the gold, submerge it in water, calculate volume displacement, and use the formula: Density = Mass / Volume. If it’s significantly off, the gold might not be pure.
- Professional Verification Services
For large transactions, it’s smart to hire a local assayer or geologist, work with licensed gold testing labs in Ghana, Uganda, or South Africa, and let platforms like GoldPricesInAfrica.com connect you to verified testing services.
Note. Never pay upfront before verification. Reputable sellers will allow or even encourage third-party testing before final payment.
Gold Bar Buying Scams in Africa – And How to Avoid Them
Buying gold in Africa can be profitable, but the market is also a hotspot for scams targeting international buyers. Understanding the most common gold scams will help protect your investment and reputation.
- The Fake Gold Bar Scam
How it works:
Scammers present counterfeit 24K gold bars, often made of brass or tungsten plated with gold and they may include fake assay certificates and fake stamps from well-known refineries.
What to avoid:
Make sure don’t rely solely on appearance or documents.
- Always conduct an XRF or lab test before payment.
- Buy only from licensed dealers verified by national mining authorities.
- Advance Payment or Prepayment Trap
How it works:
A seller insists on a large advance payment for export costs, customs clearance, or “activation fees.” After payment, the seller disappears or delays endlessly. 24K gold bars
What to avoid:
- Never pay full or large amounts upfront.
- Use escrow services or split payments after verification.
- Work only with platforms like GoldPricesInAfrica.com that connect you to trusted suppliers.
- The Airport or Hotel Deal Scam
How it works:
A scammer offers you a “last-minute deal” at an airport, hotel, or roadside office, often with pressure to pay cash on the spot for a “discounted” gold deal.
What to avoid:
- Avoid any deal outside official offices or government-approved refineries.
- Don’t carry or move large cash amounts.
- Always insist on documented transactions and export papers.
- The Gold Dust Scam
How it works:
You’re offered a large quantity of raw gold dust or nuggets, but after sampling and payment, you receive a bag filled with sand, stones, or worthless dust.
What to avoid:
- Always test the full lot before purchase, not just a small sample.
- Use a reputable assayer or third-party lab.
- Avoid buying unrefined gold from informal sources.
Note. Work only with licensed gold exporters, ask for documentation upfront, and verify purity and ownership before making any financial commitment. 24K gold bars
Exporting 24K Gold Bars Legally: Uganda, Ghana & Mali Laws Compared
Africa offers immense opportunities for gold trade, but exporting 24K gold bars requires strict compliance with each country’s mining and export regulations. Below is a side-by-side comparison of export requirements in Uganda, Ghana, and Mali, three major gold-producing countries.
- Uganda – Regulated by URA & Ministry of Energy
Key Authority:
- Uganda Revenue Authority (URA)
- Ministry of Energy and Mineral Development
Export Requirements:
- Must register with the Directorate of Geological Survey and Mines (DGSM)
- Obtain a Gold Export Permit
- Gold must be refined and assayed (often by African Gold Refinery – AGR)
- Pay export taxes (currently 5% of value)
- Provide full documentation, including:
- Certificate of origin
- Assay report
- Commercial invoice
- Export declaration form
Notes: Uganda is a rising gold export hub in East Africa, but the government is tightening rules to prevent illegal smuggling. 24K gold bars
- Ghana – Overseen by PMMC & Minerals Commission
Key Authority:
- Precious Minerals Marketing Company (PMMC)
- Ghana Minerals Commission
Export Requirements:
- Exporters must be licensed by PMMC
- All gold must pass through PMMC for:
- Assaying
- Valuation
- Documentation
Required documents:
- PMMC gold export license
- Assay certificate
- Certificate of origin
- Packing list & invoice
- Bank of Ghana export forms (FX declarations). 24K gold bars
Notes: Ghana has one of Africa’s most regulated gold export systems, making it relatively safer but slower due to mandatory government processing.
- Mali – Regulated by Ministry of Mines
Key Authority:
- Mali’s Ministry of Mines
- Customs & Tax Authorities
Export Requirements:
- Obtain a gold trading/export license from the Ministry
- All gold must be declared and taxed before export
Key documents include:
- Gold export license
- Export declaration
- Assay report
- Tax clearance certificate
- Gold must be weighed and verified by customs before leaving the country
Notes: Mali is a major exporter of gold but struggles with illegal trade. Compliance with official channels is essential to avoid seizures. 24K gold bars
NOTE. To avoid legal or financial issues, always partner with trusted platforms like GoldPricesInAfrica.com to connect with licensed exporters and handle all documentation professionally.
Best Refineries for 24K Gold bars in Africa
If you’re planning to buy or export 24K gold bars from Africa, it’s crucial to source from certified, high-capacity refineries. The following refineries are among the most trusted and reputable across the continent, offering international-standard refining, certified assay reports, and export-compliant gold products.
- African Gold Refinery (AGR) – Uganda
Location: Entebbe, Uganda
Purity Output: Up to 99.99% (24K certified)
Capacity: Over 300 kg/day
Certifications: ISO 9001:2015, Licensed by Uganda’s DGSM
Why it’s trusted:
AGR is East Africa’s largest gold refinery and handles both raw and semi-refined gold. It provides full assaying, refining, and documentation services for export. Their operations are transparent, and they work closely with URA to ensure legal compliance. 24K gold bars
Ideal for: Investors, dealers, and exporters looking for legal, verified gold in Uganda.
- Rand Refinery – South Africa
Location: Germiston, South Africa
Purity Output: 99.99%
Capacity: Over 600 tons/year
Certifications: LBMA accredited (London Bullion Market Association)
Why it’s trusted:
Rand Refinery is Africa’s oldest and most globally recognized gold refinery. It produces 24K gold bars that meet international bullion investment standards, with tamper-proof packaging and serial numbers.
Ideal for: Institutional buyers and global investors looking for world-class 24K gold bullion.
- Gold Coast Refinery – Ghana
Location: Tema, Ghana
Purity Output: 99.9% (24K)
Capacity: 180 kg/day
Certifications: Licensed by the Ghana Minerals Commission and PMMC
Why it’s trusted:
Gold Coast Refinery is Ghana’s first fully privately-owned gold refinery. It offers assay services, refining, branding, and export packaging under PMMC oversight. It’s a go-to choice for legal gold exports in West Africa.
Ideal for: Buyers who want PMMC-certified gold bars from Ghana.
- Mali Gold Refinery – Mali
It is located in Bamako, Mali giving out a purity Output: Up to 99.9%
Capacity: 150 kg/day
Certifications: Ministry of Mines, regional West African approvals. 24K gold bars
Why it’s trusted:
Although not as internationally known as Rand or AGR, this refinery plays a critical role in legalizing Mali’s gold exports. They provide verified 24K gold bars with all customs and assay documentation.
Ideal for: Bulk exporters and regional dealers operating in West Africa’s Sahel zone.
Note. Always verify a refinery’s license, assay process, and export documentation before doing business. To avoid scams and delays, work with trusted platforms like GoldPricesInAfrica.com that connect you to licensed refineries and exporters. 24K gold bars
Top 5 Places to Buy 24K Gold Bars in Ghana
Ghana is one of Africa’s top gold producers, offering excellent opportunities to purchase 24K gold bars legally and securely. Whether you’re a private investor or a commercial buyer, here are the most trusted places to buy gold in Ghana, known for reliability, government approval, and export support. 24K gold bars
- Precious Minerals Marketing Company (PMMC)
Location: Accra
Why it’s trusted:
PMMC is the official government agency responsible for marketing, buying, and exporting gold in Ghana. They Assay and certify all gold for export, Sell directly to licensed international and local buyers and provide legally compliant 24K gold bars with documentation
Ideal for: First-time international buyers looking for secure transactions backed by the government.
- Gold Coast Refinery
Location: Tema, Greater Accra
Why it’s trusted:
Ghana’s first privately owned gold refinery, Gold Coast Refinery offers Certified 24K gold bars, On-site refining and assay services and Secure packaging and full export documentation
Ideal for: Bulk buyers and exporters looking for PMMC-approved and refined gold bars.
- AsanSka Jewellery Ltd.
Location: Accra
Why it’s trusted:
Known for high-purity gold products, AsanSka is a licensed gold trading company offering Certified 24K gold bars Custom sizes and weights and Export support and delivery options
Ideal for: Buyers seeking smaller-scale or customized bar purchases with local support.
- Obeng Mining & Gold Trading Ltd.
Location: Kumasi, Ashanti Region
Why it’s trusted:
Based in Ghana’s gold-rich region, this company Deals in certified 24K raw and refined gold, has a strong reputation for honesty and customer care and Works with PMMC for documentation and assays
Ideal for: Regional buyers and wholesalers operating near Ghana’s major mining districts. 24K gold bars
- GoldPricesInAfrica.com (Trusted Partner)
Location: Online – Operating across Accra & Kumasi
Why it’s trusted:
This platform connects buyers directly to verified gold dealers in Ghana, ensuring Transparent pricing, PMMC-certified suppliers and help with secure buying, documentation, and export
Ideal for: International buyers needing end-to-end assistance with sourcing, verification, and shipping.
Note. Always verify dealer licenses, request assay certificates, and never make full payments without documentation. When in doubt, work with reputable services like GoldPricesInAfrica.com for safer transactions.
Buying 24K Gold Bars Online vs. In-Person – Pros & Cons
When purchasing 24K gold bars in Africa, you can buy online or in-person and each method has benefits and risks
- Online Buying – Pros & Cons
Pros:
- Convenience. Shop and compare dealers across Africa without traveling.
- Wider Access. Get connected to verified suppliers in Ghana, Uganda, Mali, and South Africa.
- Faster communication. Real-time pricing, digital invoices, and contract options.
Cons:
- Higher risk of scams. Harder to verify physical gold without trusted platforms like GoldPricesInAfrica.com.
- Limited inspection. You can’t physically test or weigh the gold before buying unless you arrange third-party verification.
- Upfront payments. Some online sellers may request deposits, increasing your exposure to fraud.
- In-Person Buying – Pros & Cons
Pros:
- Physical verification. You can inspect, test, and assay gold before purchase.
- Direct negotiation. Face-to-face deals allow for better pricing and trust building.
- Instant delivery. You take possession immediately after payment and documentation.
Cons:
- Travel costs and safety risks. Moving around mining cities or rural areas in Africa can be unsafe without trusted contacts.
- Time-consuming. Coordinating permits, testing, and export in-person can take days.
- Logistical challenges. Exporting large quantities requires on-ground expertise. 24K gold bars
Recommendation:
Use a hybrid approach verify online, close in person or through escrow. For safety and legal assurance, work with trusted intermediaries like GoldPricesInAfrica.com, who offer end-to-end transaction support across Africa.
Documents You Need to Export 24K Gold Bars from Africa
Exporting gold from Africa legally requires several official documents and here are the most important papers you must secure before shipping:
- Export Permit or License
It is issued by Uganda, Directorate of Geological Survey and Mines (DGSM), Ghana, PMMC or Minerals Commission and Mali, Ministry of Mines it proves you’re a legally registered exporter authorized to trade gold.
- Assay Certificate
This is issued by certified refineries or government labs like AGR (Uganda), PMMC (Ghana) and Mali’s National Lab and confirms gold purity (like 99.99% = 24K) and weight for customs and buyer validation.
- Commercial Invoice
This includes Seller and buyer details Quantity and weight of gold bars and total value and HS code (like 7108.12 for gold bullion) it is required for customs clearance and payment processing.
- Certificate of Origin
It identifies the country where the gold was mined and refined and it is often required by African customs and destination countries for legal import clearance
- Export Declaration Form (Customs Form)
Filed with the country’s customs or revenue authority like URA in Uganda, GRA in Ghana
Purpose: Declares the movement of gold out of the country, confirms export tax compliance, and enables legal shipment.
NOTE. Avoid delays and penalties by working with trusted facilitators like GoldPricesInAfrica.com who help ensure all paperwork is completed and verified for legal export.
Ready to Buy Pure 24K Gold Bars from Africa?
Let us help you get started. Visit GoldPricesInAfrica.com or contact us today to get the best prices, verified sellers, and full export support. 24K gold bars
