Buy Raw Gold in Uganda: Raw Gold Price, color, photos & more
Purchasing raw gold in Uganda/any part of the world is a distinct way to diversify your collection. Even if this is not as pure as refined gold, still it is unique.
Yes, it is possible to buy gold in its raw form and this is commonly done by collectors, jewelry makers, investors and refineries.
Types of Raw Gold;
In Uganda, buyers can find several types of raw gold, including gold nuggets, gold bars, and gold dust, all sourced directly from the country’s rich mining regions.
These forms of gold vary in size and purity, with gold nuggets being naturally occurring pieces, gold dust collected during mining, and bars refined for investment purposes.
Uganda is known for its high-quality gold, often with purity levels ranging from 90% to 98%. Whether you’re looking to invest in larger quantities or smaller, raw pieces, Uganda offers a reliable source for raw gold at competitive prices.
How to Identify Raw Gold
Identifying raw gold can be an adventurous task! Start by examining the piece closely: authentic gold is a bright, rich yellow with a shiny surface that doesn’t tarnish. It’s denser than many other materials, so if it feels heavier than it appears, that’s a good sign​.
Next, use a magnet. Gold is non-magnetic, so if your sample sticks, it’s likely not gold. You can also try an acid test; gold remains unaffected by nitric acid, while other metals will react and dissolve.
Another effective method is the specific gravity test: gold has a density of about 19.3 g/cm³. Measure the weight in air and then in water to calculate the density.
If you’re still uncertain, consult a professional jeweler or assay office for a more precise analysis. With these tips, you’ll be better equipped to spot genuine raw gold!
Raw Gold Color
When examining raw gold, its color is one of the most telling features. Genuine gold has a bright, distinctive yellow hue, often described as a warm, rich gold color. This luster remains consistent and does not tarnish over time, making it easily recognizable.
Raw Gold Price in Uganda
Here’s a table showing the approximate raw gold prices in Uganda, broken down by 1 gram, 500 grams, and 1 kilogram:
| Gold Type | Weight | Price (USD) | Purity |
|---|---|---|---|
| Gold Nuggets | 1 gram | $55 – $58 | 90% – 98% |
| 500 grams | $27,500 – $29,000 | 90% – 98% | |
| 1 kilogram | $55,000 – $58,000 | 90% – 98% | |
| Gold Dust | 1 gram | $50 – $55 | 90% – 95% |
| 500 grams | $25,000 – $27,500 | 90% – 95% | |
| 1 kilogram | $50,000 – $55,000 | 90% – 95% | |
| Gold Bars | 1 gram | $58 – $60 | 95% – 99% |
| 500 grams | $29,000 – $30,000 | 95% – 99% | |
| 1 kilogram | $58,000 – $60,000 | 95% – 99% |
These are general estimates, and prices may vary based on market conditions and supplier rates.Â
What else do you need to know about buying raw gold?
Gold has always been an area of investment. Gold signifies wealth and prosperity- this has been the case even during the ancient times –gold has had its worth throughout the falls of empires and recessions of modern economies.
Unlike the past, currently gold investors and dealers have a bit systematic approach to selling gold. Often, this comes in refined gold bullion in standard, pre-determined weights and sizes. But in case you are interested in raw gold, it comes in its natural beauty and uniqueness.
Basics to have in mind about raw gold;
While majority of gold bars comprise high purity, about 99.9% fineness, raw gold is not pure. It comes direct from the earth and this means it can be containing some alloys from varied metals which are normally refined to produce refined gold.
Gold in its raw form is rough and unpolished. It can be looking a little different from the gold bars and bullions that you maybe more familiar with.
Majority of the raw gold comes in flakes, dust and small pieces form. The bigger nuggets of raw gold are usually much rarer and so their cost can be higher.
Where to find raw gold in Uganda?
The active mining sites for gold in Uganda include Mubende, Buhweju, Busia, and Kigezi. Some of our gold also comes from some parts of the Democratic Republic of the Congo (DRC).
It is easier buying raw gold from local dealers such as Trade Panel International Ltd.
Things to consider when collecting raw gold;
When purchasing gold dust with tiny gold flakes, it will require to be assayed to identify its purity prior to finalizing the price.
Our gold is assayed meaning you are 100% safe from fraudsters. Once you have decided to invest in gold, storage is key and luckily, most investors trust us thanks to our safe storage and insurance protection.
Access to gold is only for you and our team and for storage, we can do it in our store shops. Or once you have access to your minerals and you don’t have ideal storage back home, we advise that you consider storing it in the bank.
In summary, purchasing raw gold is one way to diversify your mineral collection. Raw gold comes with unique traits making it valuable. With the above information, buying raw gold in Uganda shouldn’t be a challenge.
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