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# gold sellers near me kenya
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Gold Sellers Near Me – Nairobi, Mombasa, Kisumu | Local Safety Guide + FAQ

# 📍 Gold sellers near me – Kenya (Nairobi • Mombasa • Kisumu)

📱 You are standing in an unfamiliar area. Skeptical of the first dealer you see?
Use the 4‑step drill below to verify any seller in under 10 minutes. Your goal: buy small (under 100g) without getting scammed.

## 📍 Where to go – exact spots

### 🇰🇪 Nairobi

BBS Mall, Ground Floor, Mombasa Road Westlands – Mpaka Road (Westend Towers) River Road (near Ambassadeur Hotel) Industrial Area – Likoni Road

✅ BBS Mall Gold Souk – safest cluster of licensed vendors. Open Mon–Sat 9am–5pm, closed Sunday. Parking: basement (KES 100). Matatus #33, #46, #11 from CBD. Walk‑ins welcome.
⚠️ River Road – high scam density. Only go if you can verify license on the spot and have a portable XRF. Avoid evening visits.

### 🏖️ Mombasa

Old Town – Mbaraki Street Nyali – Links Road (near Naivas) Bamburi – Mombasa Malindi Road

Most legitimate dealers require appointments. Call before visiting. Refineries near the port have clear signage and tax compliance certificates on the wall.

### 🌅 Kisumu

Oginga Odinga Street (near United Mall) Kisumu CBD – Moi Avenue

Smaller gold scene. Always ask for KRA PIN and a physical office. Legitimate sellers operate from ground‑floor shops with visible business permits.

## 🔍 4‑step “Near Me Verification Drill” (under 10 minutes)

1. Google Maps check – Search the dealer’s name + “Nairobi”. Look for a permanent pin, street view, and reviews from the last 3 months. Why? Scammers rarely have a lasting Maps footprint.
2. WhatsApp call test – Call the number on their sign. Ask: “What’s your Mineral Dealer’s license number? Do you have an XRF machine on site?” Real dealers answer clearly. Fake brokers get nervous.
3. In‑person signage & office – Walk in. Check for company name, lease agreement on the wall, and a framed license copy. No signage = 90% scam. Take a photo of the license.
4. Small test purchase – Buy 1g or 2g. Demand an XRF test in front of you. Then take that sample to an independent lab (e.g., SGS) for verification. If the first test fails, leave immediately.

💡 Perform these steps in any order. If any step feels wrong – trust your gut and walk away.

## 🚨 Quick reference card – 5 red flags inside a shop

❌ No physical office – “We meet at the hotel lobby” or “temporary shop”. Real sellers have a fixed address.
❌ Refuses independent testing – “Our in‑house assay is enough.” Legitimate dealers encourage SGS or Intertek.
❌ Price is 20%+ below LBMA spot – “Too good to be true” means tungsten or gold‑plated copper.
❌ Asks for upfront payment before testing – “Deposit for export permit” or “sample fee”. Never pay before seeing gold.
❌ Fake documentation – Assay certificate without watermarks, wrong ministry logo, or mismatched serial numbers.

## 📋 Licensed gold dealers – verified list

Dealer name | Location | License No. | KRA PIN / Tax compliance | Walk‑in
--- | --- | --- | --- | ---
Nairobi Gold Centre | BBS Mall, Ground floor, Mombasa Road | MDL/045/2024 | P051234567A (Valid 2026) | Yes, 9am‑5pm
Karat Gold Nairobi | Westlands, Mpaka Road, Westend Towers | MDL/078/2025 | Tax compliant – KRA portal verified | Appointment only
Mombasa Refinery Ltd | Old Town, Mbaraki Street | GRL/012/2024 | P087654321B | Walk‑in 8am‑4pm
Kisumu Bullion Exchange | Oginga Odinga St, Kisumu CBD | MDL/102/2025 | Tax compliant | Walk‑in, closed Sun
Buy Gold Bars Kenya Ltd | Industrial Area, Likoni Rd, Nairobi | MDL/089/2025 | KRA PIN verified | Appointment only

🔍 How to verify a license: Call State Department for Mining at +254 20 272 3111 and provide the MDL number. Also check KRA PIN on iTax portal – a valid Tax Compliance Certificate must be recent. For CR12 company registration, search eCitizen (“business registration service”).

⚠️ Physical vs online‑only: If a seller cannot give you a verifiable physical address (not a P.O. box), treat it as high risk. BBS Mall Gold Souk is a safe cluster with multiple licensed vendors.

## 💰 Gold price per gram (April 2026) – Nairobi

Purity | Price per gram (KES) | Typical premium over LBMA spot
--- | --- | ---
24K (99.9%) | KES 11,200 – 12,500 | 5‑8%
22K (91.6%) | KES 10,200 – 11,000 | 8‑12%
18K (75%) | KES 8,300 – 9,200 | 12‑18%

Prices change daily (LBMA spot + local demand). Bulk discounts: 100g+ reduces premium by 2‑3%. Always compare 2‑3 dealers.

### 📐 Price calculator (24K only)

Grams:
Price/g (KES):
Total: KES 118,000
💡 Premiums are negotiable for larger quantities. Bank transfer is safer than cash.

## 🔬 Test before you pay – gold authenticity

XRF gun – Handheld device gives surface purity in 60 seconds. Many Nairobi dealers have it. Limitation: cannot detect tungsten core.
Fire assay (most accurate) – Independent labs: SGS Kenya (Mombasa Road) or Intertek (Wilson Airport facility). Cost $80‑150, results 24‑48h. For >50g, demand fire assay.
Hallmark verification – Look for refiner’s stamp, “999.9”, serial number. Cross‑check with assay certificate.
Acid test – Quick but unreliable for filled bars. Only as secondary check.
Weight/density – Tungsten density (19.25) is very close to gold (19.3). A precision scale alone won’t catch it; ultrasound or drill test is better.

✅ “Test before payment” checklist:
✔ Watch XRF scan in person and record video
✔ Take a high‑resolution photo of the bar with serial number
✔ Send a small sample to SGS/Intertek (or use mobile XRF rental)
✔ Only after verified report, release payment via bank transfer.

## ⚠️ Real Kenya gold scams – recent cases

📰 2025 arrests: Nairobi police dismantled a syndicate that sold gold‑plated tungsten bars to investors, defrauding Sh28 million. Another group was charged with Sh150 million advance fee fraud after claiming “ministry connections” to fast‑track export permits.

👮 Police verification tip: You can request a clearance certificate from the DCI’s Banking Fraud Investigation Unit (free inquiry). Legitimate dealers will not object. If they hesitate, walk away.

### 🚩 Additional red flags (local context)

- “We only accept cash” – illegal for amounts >KES 1.9M under AML rules.
- Seller refuses to let you photograph their license – immediate red flag.
- “Same‑day export permit” – permits take 5‑14 days; same‑day offers are always fake.
- No signboard or business registration number on the wall.

## 👣 Step‑by‑step purchase walkthrough (first‑time buyer, under 100g)

1. Research & shortlist – Pick 2‑3 licensed dealers from the directory above.
2. Call before visiting – Confirm they have your desired weight (e.g., 50g) and 24K purity in stock.
3. Bring a knowledgeable friend – Two pairs of eyes reduce mistakes.
4. Request independent testing – Watch the XRF test or take a sample to an assay lab.
5. Verify documentation – Check seller’s MDL, KRA tax compliance, and assay certificate.
6. Secure payment – Bank transfer to the company’s account (no personal accounts). For amounts >$5k, use escrow.
7. Obtain receipt and certificate – Must include weight, purity, price, date, seller stamp, and director’s signature.
8. Arrange secure transport – Use a private car, don’t flash gold in public. For larger amounts, hire Brinks or GardaWorld.

## 📄 What a genuine Kenyan assay certificate looks like

- Watermarked paper or digital QR code linking to the lab’s database (SGS/Intertek).
- Ministry of Mining logo or the lab’s official stamp.
- Unique serial number that matches the bar’s engraved serial.
- Date of analysis, fire assay method, and purity result (e.g., 99.97%).

Required paperwork for legal purchase: Invoice (with VAT breakdown if applicable), assay certificate, copy of seller’s Mineral Dealer’s Licence, and tax compliance certificate. Keep all for 7 years.

Receipt checklist: ✔ Dealer name & license number ✔ Gold weight & purity ✔ Price per gram ✔ Total amount ✔ Date ✔ Company stamp.

📝 A sample sales agreement should include: parties’ details, gold specification, total price, payment terms (escrow), delivery method, and a clause for independent testing.

## 💳 Payment – why cash is dangerous

⚠️ Cash has no trace, no recourse if scammed. Always use bank transfer to a corporate account. For purchases above KES 500,000 (~$3,800), request an escrow service (e.g., local law firm escrow or Payoneer Escrow). Avoid Western Union, crypto, or personal M‑Pesa.

Bank transfer best practices: Verify that the account name matches the dealer’s registered company name. Use a reference “gold purchase – [your name]”. Keep transaction confirmation.

Small purchase guidance (under 100g): still use bank transfer. Pay after XRF test and before leaving the shop. Get a signed delivery note.

Investment alternatives: If you’re uncomfortable with physical gold, consider gold ETFs on the Nairobi Securities Exchange (e.g., NewGold ETF) – lower entry, no storage risk, regulated by CMA.

## 🧑‍⚖️ Legal checklist for buyers (Kenya)

- Licenses to ask for: Gold Dealer’s Licence (for local trade) or Mineral Export Permit (if you plan to ship abroad).
- Mining Act 2016 – Establishes the legal framework. Any unlicensed dealing is a criminal offense.
- Foreign buyer rules: You can buy as a foreigner, but only a licensed exporter can ship gold out of Kenya. You do not need a local license to purchase.
- Tax implications: If you resell internationally, you may be subject to 5% royalty and 5% export tax (paid by the exporter). For personal investment, no VAT on gold exports.

## 🗺️ Navigate to safe sellers – BBS Mall, Mombasa Road

📍 BBS Mall, Ground Floor – multiple licensed gold sellers. Open Mon–Sat 9am–5pm. Parking from Mombasa Road.

## 🙋 Frequently asked questions – buying gold locally in Kenya

Weekdays 10am–4pm. Avoid evenings. BBS Mall closes at 5pm. Many dealers are closed on Sundays. Always call ahead to confirm.

Yes. For quantities above 50g, you can negotiate 2‑5% off the quoted premium. However, if a price is more than 15% below LBMA spot, it’s likely a scam.

SGS Kenya charges approximately $80‑150 (KES 10,000‑20,000) per sample. It takes 24‑48 hours. For small purchases under 10g, an XRF test is usually sufficient if you watch it live.

Yes. You can walk into any licensed dealer and buy gold as a foreigner. However, to ship it out of Kenya, you must use a licensed exporter and obtain an export permit. Keep your passport and proof of funds ready.

Many licensed dealers sell small bars (1g, 2g, 5g, 10g). Always request a receipt and an XRF test in front of you. This is the best way to build trust before a larger purchase.

Do not use public transport (matatu, boda boda) with visible gold. Use a private car or Uber, keep the gold in a non‑descript bag. For amounts above $10,000, hire a licensed security courier like Brinks or GardaWorld.

Walk away immediately. A receipt with company stamp, weight, purity, and price is legally required and your only proof of purchase. No receipt = illegal sale.

For small amounts (under KES 50,000), gold ETFs like NewGold ETF are safer because they eliminate storage and authenticity risks. However, you don’t hold physical metal. Physical gold is better for long‑term hedge and private ownership.

## ✅ Your “Near Me” safety checklist

☐ Google Maps check (permanent pin, recent reviews) ☐ WhatsApp call test – license number provided ☐ Physical shop – signage, lease, license copy on wall ☐ XRF test performed in front of me ☐ Independent assay arranged (SGS/Intertek) for >10g ☐ Payment by bank transfer to corporate account (no cash) ☐ Received signed receipt + assay certificate + license copy ☐ Secure transport (private car, not public matatu)

0/8 completed

⚠️ YMYL WARNING: Never pay cash before seeing an independent test. If a seller refuses third‑party assaying, leaves the room with your sample, or demands an upfront deposit – walk away immediately. Your capital and safety come first.

### Need a dealer verified on the spot?

WhatsApp us the dealer’s name and license number – we’ll check Ministry records for free.

Verify now → WhatsApp support

© 2026 Gold Traders Intl – Informational only. Always do your own due diligence.

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Official Government Resources

## Kenya Government Ministries & Mining Authorities

Verified government sources for gold licensing, mineral regulations, export permits, and mining oversight in Kenya.

### Core Mining & Mineral Authorities

Ministry of Mining, Blue Economy & Maritime Affairs State Department for Mining Directorate of Geological Survey Mineral Rights Board (MRB) Commissioner of Mines & Geology National Geodata Centre (NGDC)

### Finance, Trade & Customs Authorities

National Treasury & Planning Kenya Revenue Authority (KRA) Kenya Customs & Border Control Ministry of Trade, Investment & Industry Kenya Bureau of Standards (KEBS)

### Investment & Economic Authorities

Kenya Investment Authority (KenInvest) Central Bank of Kenya (CBK) Financial Reporting Centre (FRC) Kenya Trade Network Agency (KenTrade) Export Promotion Council (EPC) Kenya National Bureau of Statistics

### Foreign Affairs, Justice & Oversight

Ministry of Foreign & Diaspora Affairs Office of the Attorney General & Department of Justice Ethics & Anti-Corruption Commission (EACC) Parliament of Kenya (Mining Legislation)

### Industry, Mining Associations & Global Standards

Kenya Chamber of Mines (KCM) National Environment Management Authority (NEMA) Kenya International Freight & Warehousing Association (KIFWA) Kenya National Chamber of Commerce & Industry (KNCCI) LBMA (Global Gold Standard) Mining Act 2016 (Kenya Law)

### Regional Mining Districts & Local Authorities

Kakamega County (Gold Hub) Migori County (Gold Mining Belt) Narok County (Artisanal Mining) Siaya County (Gold Exploration) Busia County (Alupe Gold Project) Vihiga County (Mineral Rich) West Pokot County (Gold Mineralisation) Kisumu County (Mining Hub)

© 2026 Official Government & Regulatory Sources for Gold Trading in Kenya — Verify all licenses directly with the Ministry of Mining, Blue Economy & Maritime Affairs