Gold in Nairobi | How to Buy Safely, Legally, and at the Best Price (2025 Guide)
Looking to buy gold in Nairobi? You can legally purchase gold bars, coins, or jewelry from licensed dealers in areas such as Westlands, Nairobi Central Business District (CBD), and Kilimani. The price of gold in Nairobi is based on the international spot price plus local dealer premiums, and all transactions must comply with Kenya’s Mining and Precious Metals regulations. Whether you’re a first-time investor or an experienced buyer, Nairobi offers secure and profitable options for buying gold.
Where to Buy Gold in Nairobi
Nairobi is home to several trusted and licensed gold dealers. Here are the most common options:
- Licensed Gold Dealers and Bullion Companies
These are the most secure options for buying investment-grade gold bars or coins. gold in Nairobi
- Examples: Gold Buyers Africa
- Services: Gold assay, authentication, storage, export processing.
- Jewelry Shops in Nairobi
You can find 22K and 24K gold jewelry in stores around Nairobi CBD, Westgate Mall, and Sarit Centre
- Always request a certificate of authenticity.
- Weigh carefully to match current prices. gold in Nairobi
- Online Gold Marketplaces
Some Nairobi-based dealers now offer online ordering and home delivery.
- Only buy from verified and government-licensed platforms.
- Check reviews and certifications.
Trusted Gold Dealers in Nairobi
Here are five reputable places to buy gold bars in Nairobi:
- Nairobi Bullion Exchange
A top-tier precious metals dealer offering certified gold bars in various weights. Known for competitive pricing and transparency, they offer 24K gold bars with proper certification and packaging.
- Location: Westlands, Nairobi
- Website: nairobi-bullion.co.ke
- Purity: 24K
- Gold Buyers Africa
Gold Buyers Kenya caters to retail and wholesale buyers. They stock 22K and 24K gold bars with hallmarking and assay certification.
- Location: Moi Avenue, Nairobi
- Website: goldbuyersafrica.com
- Purity: 22K & 24K
- Kenya Bullion Dealers
A popular option for both first-time and experienced investors. They offer safe transactions and physical delivery. gold in Nairobi
- Location: Kimathi Street, Nairobi
- Website: kenyabulliondealers.com
- Purity: 24K
4. Zonah Precious Metals
Zonah is known for its variety of gold investment products, including minted bars and cast bars. They offer in-person consultations and live market pricing.
- Location: Hurlingham, Nairobi
- Purity: 24K
- Rafiki Gold Limited
This dealer focuses on authenticity and customer education. They issue official receipts and metal assay reports for every purchase. gold in Nairobi
- Location: Upper Hill, Nairobi
- Website: rafikigold.co.ke
- Purity: 24K
Comparison of Gold Bar Prices and Purity: 24K vs 22K
When you’re looking to buy gold bars in Nairobi, understanding purity and pricing is crucial.
| Purity | Description | Price (Approx. per gram in KES) | Ideal For
|
| 24K (99.9%) | Pure gold, no alloy | KES 9,000 – 10,200 | Investment & resale |
| 22K (91.6%) | Slightly alloyed | KES 8,200 – 9,500 | Jewelry & savings |
- 24K gold bars are best for long-term investment because of their high purity and resale value.
- 22K gold bars are more durable and often used in jewelry, but fetch slightly less on resale due to the alloy content.
Legal requirements to buy gold in Nairobi, Kenya.
- Buy from a Licensed Gold Dealer
All gold transactions in Nairobi must be conducted through government-licensed dealers registered with the Ministry of Mining, Blue Economy, and Maritime Affairs. These dealers must hold a valid Precious Metals Dealer’s License, ensuring they operate within the law.
Tip: Always ask for the dealer’s license number and verify it with the ministry or county offices.
- Obtain a Certificate of Origin
For any gold purchase, especially for export or bulk transactions, you must be issued with a Gold Certificate of Origin. This document confirms that the gold was legally sourced within Kenya and not smuggled or mined illegally.
Why it matters: Kenya strictly prohibits the purchase and movement of unverified gold to combat illegal mining and money laundering. gold in Nairobi
- Comply with Tax and Financial Reporting Rules
Buyers must comply with the Kenya Revenue Authority (KRA) regulations, including:
- Paying applicable Value Added Tax (VAT) or withholding tax where required.
- Using traceable payment methods (e.g., bank transfer or mobile money).
- Keeping proper receipts and transaction records.
Large purchases may also require you to declare the source of funds under Anti-Money Laundering (AML) laws.
- Follow Export Control Procedures (if applicable)
If you’re a foreign buyer or plan to export gold from Nairobi, you must:
- Secure an export license from the Ministry of Mining.
- Undergo gold assay testing by an accredited laboratory.
- Submit your documents for clearance at Jomo Kenyatta International Airport (JKIA) or other designated exit points. gold in Nairobi
Exporting gold without following legal channels is a criminal offense under the Mining Act of 2016.
Buying Process, Documentation & Verification Tips
Step-by-Step Buying Process:
- Choose a Reputable Dealer
Refer to the list above or do thorough online research, and check for physical offices, licenses, and reviews.
- Request Product Details
Ask for gold purity, weight options (e.g., 1g, 10g, 100g), and availability.
- Check Certification
Always ensure the gold bar comes with:
- A certificate of authenticity
- Assay stamp or hallmark
- Serial number
- Agree on Payment Terms
Most dealers accept bank transfers, M-Pesa, and cash. Avoid upfront payments without documentation. gold in Nairobi
- Receive Your Gold Bar
Get it sealed in tamper-proof packaging. Verify the weight and serial number.
- Collect Documentation
You must receive:
- Purchase receipt
- ID verification copy
- Certificate of purity
Tips to Avoid Gold Scams in Nairobi
- Always verify purity using a reputable jeweler or electronic tester.
- Insist on assay certification for every gold bar.
- Avoid street-level or informal dealers.
- Do not wire money without confirming the legitimacy of the business.
- Cross-check with other dealers if the price seems “too good to be true.”
Note. To buy gold bars in Nairobi safely and profitably, always work with certified dealers, understand the difference between 24K and 22K gold, and follow a structured buying process. With the right knowledge and precautions, investing in gold can be a secure and rewarding experience. gold in Nairobi
The current gold prices in Nairobi, Kenya, presented in both Kenyan Shillings (KES) and U.S. Dollars (USD).
Live Gold Prices in Nairobi
| Purity | Price per Gram (KES) | Price per Gram (USD) |
| 24K | KES 13,684.27 | $105.84 |
| 22K | KES 12,543.91 | $97.02 |
| 21K | KES 11,973.74 | $92.61 |
| 18K | KES 10,263.20 | $79.38 |
| 14K | KES 7,982.49 | $61.74 |
| 10K | KES 5,701.78 | $44.10 |
These rates reflect the live spot prices and may vary slightly depending on the dealer and market conditions. gold in Nairobi
Historical Gold Price Trends (Last 10 Days)
| Date | 24K Price per Gram (KES) |
| May 31 | 13,684.27 |
| May 30 | 13,653.60 |
| May 29 | 13,653.60 |
| May 28 | 13,638.30 |
| May 27 | 13,692.80
|
| May 26 | 13,886.80 |
| May 25 | 13,908.80 |
| May 24 | 13,933.30 |
| May 23 | 13,933.30 |
| May 22 | 13,666.10 |
Current Exchange Rate
- 1 USD = 129.20 KES
Where to Track Gold Prices in Nairobi
For real-time updates and historical data, consider the following resources:
- GoldPriceZ Kenya
- XAU.Today. Kenya
- GoldBroker. KES Charts
Prices fluctuate based on global markets and the USD/KES exchange rate. gold in Nairobi
Gold sellers in Nairobi
- Gold buyers Africa
Located: Ring Road, Westlands Lane, Nairobi
Recognized as East Africa’s largest gold refinery and exporter, Africa Gold Exporter offers services include refining, assaying, smelting, and minting. They export gold to countries such as the United Arab Emirates, the United States, the United Kingdom, Italy, and Germany. Contact: +256785307551, www.goldbuyersafrica.com
Note: They are known for fair dealings and competitive rates.
- Kerongwe and Sons General Traders Ltd
It’s Located Nairobi, Kenya
A licensed dealership specializing in mineral trading, particularly gold. They offer services like smelting, purification, and global export. They also facilitate the purchase of raw gold and oversee the signing of Sales and Purchase Agreements (SPA). gold in Nairobi
- Zaveris Fine Jewelry
Location: 37 Woodvale Grove, Ground Floor, Jimkan House, Westlands, Nairobi
A fully licensed and accredited gold buyer specializing in refining and recycling gold. They also purchase gold from individual sellers.
Note: They offer services like valuations for insurance, designing, repairs, and polishing.
- Gold and Silver Dealer MOHA
It’s Located at Garissa Lodge Shopping Mall, First Avenue, Eastleigh, Nairobi
Specializing in buying and selling all types of gold, including scrap gold and jewelry. Known for competitive pricing and reliable service. gold in Nairobi
Note: They have received positive reviews for their services.
- Mula Precious Metals Enterprise
Its located in Nairobi, Kenya
A premier company for trading and sourcing precious metals, connecting buyers and investors with affordable gold sourced from local miners in Kenya and East Africa. They offer a range of products including raw gold, nuggets, gold bars, and bullion.
Safety Tips When Dealing with Gold Sellers:
- Verify Licenses: Always ensure the dealer is registered with the Ministry of Mining.
- Request Documentation: Always ask for assay certificates and proof of authenticity.
- Avoid Cash Transactions: Use traceable payment methods.
- Consult Professionals: Always engage legal experts or advocates to conduct due diligence and offer escrow services to protect your investment.
Gold markets in Nairobi
1. Kilimani Gold Market (Along Wood Avenue)
It is Located in the affluent Kilimani area, this market consists of high-end showrooms and private dealers who offer gold bars, coins, and jewelry it attracts middle to high-income buyers, including investors and collectors.
Features: Secure premises, discreet transactions, and often verified, certified gold products.
- Nairobi CBD Gold Dealers (Moi Avenue & Kimathi Street Area)
Located in Nairobi’s central business district is home to numerous small-scale gold traders and jewelry shops good for Retail buyers, travelers, and local traders.
Features: Competitive pricing, wide variety of gold jewelry and small bars; due diligence needed due to mixed authenticity. gold in Nairobi
- Eastleigh Gold Trading Hub
Eastleigh is a bustling commercial district known for informal and bulk gold trade, including raw and processed gold good for Traders, exporters, and buyers from neighboring countries.
- Features: Lively market, negotiable deals, but requires careful vetting due to unregulated operations.
- Westlands Gold Shops & Private Dealers
It is located in the Westlands hosts both established jewelry shops and discreet gold dealers in offices and malls like Sarit Centre and The Oval good for affluent individuals, international investors, and corporate buyers. gold in Nairobi
Features: High-security premises, focus on quality and documentation (e.g., assay certificates).
How to invest in gold in Kenya, with a focus on opportunities available in Nairobi
- Physical Gold Investment (Gold Bars & Coins)
Buying physical gold such as 24K gold bars or investment-grade coins is the most traditional and tangible way to invest in gold.
Opportunities in Nairobi:
- Dealers like Nairobi Bullion Exchange, Gold Buyers Kenya, and Kenya Bullion Dealers offer secure, certified gold.
- Bars are available in various sizes (1g to 1kg), ideal for both small and large investors.
Pros:
- Safe-haven asset during inflation or currency devaluation.
- Can be stored privately or in bank safety deposit boxes.
- Gold-Backed Investment Accounts & ETFs
Gold Exchange-Traded Funds (ETFs) or gold-backed savings accounts allow investors to gain exposure to gold prices without holding physical gold.
Opportunities in Nairobi:
- Though Kenya’s ETF market is still developing, some global ETFs (e.g., SPDR Gold Shares) are accessible via international brokers like Hisa App, EGM Securities, or FXPesa.
- Nairobi-based financial advisors can assist with offshore gold investments or diversified commodity portfolios.
Pros:
- Low storage risk.
- Easy to buy/sell.
- Ideal for tech-savvy and urban investors.
- Gold Mining Stocks & Local Mining Ventures
Investing in shares of gold mining companies or partnering in small-scale gold mining ventures in Kenya, especially in Migori, Kakamega, and Turkana.
Opportunities in Nairobi:
- Nairobi Securities Exchange (NSE) occasionally lists mining-related stocks.
- You can also explore private equity deals or joint ventures facilitated through Nairobi law firms or commodity consultants.
Pros:
- Higher return potential.
- Support for local industry.
Risks:
- Volatile markets and operational risks tied to mining permits and output. gold in Nairobi
- Jewelry & Artisan Gold Investment
Purchasing high-purity 22K–24K gold jewelry as a dual-purpose investment: fashion + value preservation.
Opportunities in Nairobi:
- Trusted jewelers in Hurlingham, Westlands, and CBD areas offer hallmark-certified gold pieces.
- Custom orders and resale options are available.
Pros:
- Wearable wealth.
- Can appreciate in value, especially for antique or designer items.
Tip
Always ensure all jewelry is hallmarked and accompanied by a purity certificate for better resale value.
Note. Nairobi offers a diverse landscape of gold investment opportunities from traditional bars to modern digital assets and even mining ventures. Whether you’re a conservative saver or a high-risk investor, there’s a gold strategy in Kenya that can work for you.
Tips to Avoid Gold Scams in Nairobi
The gold business attracts its fair share of fraud, especially in city centers. Here’s how to stay safe:
- Deal only with licensed, registered gold companies
- Request purity tests (like XRF or fire assay) on-site
- Avoid street dealers and unregulated agents
- Get everything documented (weight, price, karat, source)
Trusted places to buy gold jewelry in Nairobi.
1. Jewel Affair – Westlands
Location: Sarit Centre, Westlands, Nairobi
Specialty: Custom-designed gold jewelry & wedding sets
Jewel Affair is a popular upscale jeweler offering a wide range of 22K and 18K gold jewelry. Their pieces come with authenticity certificates, and they specialize in wedding bands, chains, earrings, and engagement rings. gold in Nairobi
Why Buy Here:
- Certified gold with hallmarking
- On-site customization and engraving
- Trusted by Nairobi’s professional community
- Rupa’s Gift Centre – Biashara Street
Location: Biashara Street, Nairobi CBD
Specialty: Traditional gold jewelry & Indian designs
A long-standing name in Nairobi’s jewelry scene, Rupa’s Gift Centre is known for its 22K handcrafted pieces, especially for weddings and cultural events.
Why Buy Here:
- Authentic Indian-style gold designs
- Competitive pricing
- In-store purity testing available
- Joyalukkas – Yaya Centre
Location: Yaya Centre, Hurlingham, Nairobi
Specialty: Internationally branded gold jewelry
Joyalukkas, a global jewelry chain, offers a selection of modern and traditional gold jewelry, mostly in 22K and 18K, with assured quality and global standards.
Why Buy Here:
- International brand reputation
- Transparent pricing
- Certificate of purity included
- Zonah Precious Metals – Hurlingham
Location: Argwings Kodhek Road, Nairobi
Specialty: Gold investment jewelry and custom casting
Zonah Precious Metals offers both jewelry and gold investment options, including bars and coins. Their jewelry section includes bangles, necklaces, and rings, designed for elegance and long-term value.
Why Buy Here:
- Dual-purpose: jewelry and investment gold
- Custom design services
- In-house testing and certification
Pro Tips Before You Buy:
- Always ask for a hallmark or purity stamp (e.g., 916 for 22K).
- Request a purchase receipt and certificate of authenticity.
- Check gold rates on the same day to avoid overpricing.
Steps to export gold from Nairobi, Kenya.
- Obtain a Gold Export License from the Ministry of Mining
Before you can export gold, you must acquire a valid mineral export permit issued by the State Department of Mining under the Ministry of Mining, Blue Economy and Maritime Affairs.
Steps:
- Register as a licensed dealer or company.
- Submit application forms, business registration documents, and tax records.
- Pay applicable licensing and export fees.
Where:
- Ministry offices located in Nairobi’s Upper Hill area.
- Conduct Gold Assay Testing & Certification
Every gold shipment must be tested and certified for purity and weight before export.
Requirements:
- Testing by a government-approved laboratory or accredited private assayer (e.g., Zonah Precious Metals or Rafiki Gold).
- Must provide a Certificate of Assay, stating karat level (e.g., 99.9% = 24K).
- Package & Secure the Gold for Export
The gold must be packaged in tamper-proof, sealed containers and documented accurately to prevent smuggling or loss.
Documentation:
- Invoice (including weight, purity, and price)
- Certificate of Origin
- Assay Certificate
- Packing List
Tip:
Use secure logistics companies familiar with precious metal export (e.g., Brinks or G4S Secure Logistics).
- Clear Through Kenya Revenue Authority (KRA) & Customs
Gold exports must go through KRA customs clearance, typically at Jomo Kenyatta International Airport (JKIA). gold in Nairobi
Required Documents:
- Valid export license
- Customs export entry (through the KRA iTax portal)
- Tax compliance certificate
- Proof of source (to comply with anti-money laundering laws)
- Comply with International Trade Laws & Destination Country Requirements
You must ensure your export complies with both Kenyan and foreign regulations, especially regarding:
- Anti-Money Laundering (AML)
- OECD Responsible Gold Sourcing Guidelines
- Buyer’s import laws (e.g., import permits or purity rules)
Like for export to UAE or Europe, buyers may request Kimberley Process documentation and proof of ethical sourcing.
Tips:
- Work only with licensed local miners and refineries.
- Keep digital and physical records of all transactions.
- Engage a customs clearing agent with experience in gold exports.
- Avoid “courier” shortcuts or informal deals to protect yourself legally.
Gold refining companies in Nairobi, Kenya.
- Zonah Precious Metals
Location: Argwings Kodhek Road, Hurlingham, Nairobi
Services:
- Gold refining and melting
- Assay testing and purity verification
- Casting and bullion production
Highlights:
- Serves jewelers, miners, and investors
- Offers 24K and 22K gold refining services
- In-house XRF testing and certification
Website: zonahpreciousmetals.com
- Kenya Gold Refinery Limited
Location: Industrial Area, Nairobi
Services:
- Full-scale gold refining (up to 99.99% purity)
- Gold bar casting (LBMA-style)
- Secure melting and valuation
Highlights:
- Works with licensed miners and exporters
- Certified lab technicians and compliance officers
- Offers customized solutions for institutional clients
Website: kenyagoldrefinery.co.ke
- Rafiki Gold Refinery
Location: Upper Hill, Nairobi
Services:
- Small-scale and bulk gold purification
- Smelting, granulation, and refining
- Assay certification for local and export use
Highlights:
- Known for reliable purity testing
- Offers services for artisanal miners
- Secure facility with strong due diligence process
Website: rafikigold.co.ke
- Goldrock International Refinery
Location: Mombasa Road, near JKIA, Nairobi
Services:
- Industrial-grade refining and smelting
- High-volume gold processing for exporters
- Refining contracts for mining companies
Highlights:
- Focuses on gold export compliance
- Offers bulk refining contracts
- Partners with logistics firms for regional gold trade
Website: goldrockrefinery.com
Note:
Before working with any gold refining company in Nairobi:
- Verify licensing and registration with Kenya’s Ministry of Mining.
- Ensure they provide a certificate of assay and proper documentation.
- Visit the physical premises to assess security and professionalism.
Conclusion: Nairobi’s Growing Gold Market
Gold in Nairobi offers real opportunities, whether you’re a collector, investor, or simply buying a gift. By working with verified dealers, understanding current prices, and staying informed, you can safely and profitably take part in Kenya’s growing gold economy.
Looking to buy certified 24K or 22K gold in Nairobi?
Visit www.goldbuyersafrica.com or call +256785307551 for today’s rates and delivery options. gold in Nairobi