If you’re looking to start or expand your gold business in Kenya, you’ll want to know the best places to sell your gold at a competitive rate.
Luckily, we’ve compiled a list of the most reputable and trusted gold dealers in Nairobi and Mombasa.
Check them out below:
Where to Sell Gold in Nairobi
There are several reputable places to sell gold in Nairobi. Here are a few options:
Africa Gold is the largest Gold refinery and exporter in East Africa.
Its head office is located in The Oval Place Westlands.
They specialize in gold refining, assaying, and smelting.
They also specialize in Gold and diamond separation and gold and silver minting.
They export gold to the UAE, U.K., U.S., Italy and Germany.
They offer competitive rates and have a good reputation for fair dealing.
To sell your gold contact them through Whatsapp using the number: +254-765 809863 to book an appointment.
Jamal Jewelry Buyer is another popular gold dealer in Nairobi.
They are located along Major Muriithi Street in Eastleigh.
They have been in business for several years and have built a reputation for honesty and fair dealing.
They offer competitive rates and a secure and discreet transaction.
You can contact them through the phone number (0720 903776) to inquire about their current rates as the price of gold keeps changing.
Zeveris Fine Jewelry is a fully licensed and accredited gold buyer in Nairobi.
They specialize in refining and recycling gold, and also buy gold from individual sellers.
They are located along 37 Woodvale Grove on the Ground Floor of Jimkan House, Westlands.
You can contact them using the number (+254 701 44 24 34) to inquire about their prices.
Where to Sell Gold in Mombasa
Here are a few options:
Sonara Budha Jewellers is a trusted and well-established gold dealer in Mombasa.
They have four branches in Mombasa: Nyali Centre, Likono Mall, Broadwalk Mall, Parklands and Kericho street, Behind Makinon Market.
You can contact them for inquiries and bookings using the phone numbers and email addresses displayed at the bottom of their website.
Faza The Gold Dealer is another popular gold dealer in Mombasa.
They are located along Moi Avenue.
They specialize in buying and selling gold and offer a secure and discreet transaction.
You can call them to know their rates using the number: 0110 096624
Abdulrahman h.ali Gold and Silver Smith is a fully licensed and accredited gold dealer in Mombasa.
They are located at Mwembe Ngoma—Off Likoni-Ukunda Road, Mombasa.
They buy and sell gold from individual sellers at a competitive price.
It’s important to do your research and choose a reputable dealer when selling your gold.
Always check the dealer’s credentials, reputation, and reviews before making a transaction.
Additionally, make sure to get multiple quotes from different dealers to ensure you are getting a fair price for your gold.
How Much is Gold per gram today?
The price of gold in Kenya is subject to market fluctuations and can vary depending on a variety of factors such as global economic trends, demand, and supply.
Currently, the price of gold is Ksh 7,424.34 per gram.
Is It Illegal To Sell Gold In Kenya?
No, it is not illegal to sell gold in Kenya, but it is important to note that there are regulations and legal requirements that must be followed.
The Kenyan government has put in place guidelines and regulations to govern the buying and selling of gold in the country, and it’s important to follow these regulations to ensure that your transaction is legal and legitimate.
For instance, the government of Kenya requires that all gold dealers and buyers be licensed and registered with the Ministry of Mining.
Selling or buying gold without a license is illegal, and the transaction may be considered an illegal act.
Additionally, it is important to ensure that the gold being sold is legitimate and that it has been ethically sourced and obtained legally.
Therefore, when selling gold in Kenya, it’s important to work with reputable gold dealers who follow legal guidelines and have the necessary licenses and permits to operate.
Always verify the credentials of the buyer, and seek legal advice if needed to ensure that the transaction is conducted lawfully.
Beware Of Fake Gold Dealers in Kenya
Yes, there are fake gold diggers in Kenya, and it’s important to be cautious when dealing with individuals or companies that claim to be selling gold.
Some fraudsters in Kenya engage in illegal activities such as selling fake or non-existent gold and conning unsuspecting buyers of their money.
This type of fraud is commonly referred to as “gold scams.”
To avoid falling victim to gold scams, it’s important to verify the credentials and reputation of the buyer or seller before making a transaction.
This can be done by researching the individual or company, checking their licenses and permits, and seeking references from other clients.
Additionally, it’s important to work with a reputable gold dealer who has a good track record of conducting legitimate and transparent transactions.