The Bank of Zambia (BoZ) has underscored that its ability to purchase gold is limited by market supply and availability, not by a lack of institutional commitment. This is in response to the Zambian Business Times – ZBT, enquiry after the revealation that since launching its gold-buying programme in December 2020, BoZ has only accumulated 3,380.78 kg of gold, currently valued at approximately USD 500.9 million. In the first quarter of 2026, BoZ acquired 154.3 kg of gold for USD 25.4 million, bringing total reserves to 3.3 tons. As of May 12, the average market price of gold stood at...
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