♛ Buy Gold in Kenya | Licensed Exporter ♛

# Where to Buy Gold in Kenya
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Trusted LBMA-Standard Gold Suppliers in Nairobi, Mombasa & Kisumu

Buy Gold in Kenya | Nairobi | Mombasa | Kisumu | East Africa Trade Hub

If you want to buy gold in Kenya, we provide direct access to certified 24K gold bars and raw gold nuggets from licensed suppliers. Available in Nairobi, Mombasa, and Kisumu. All gold is export-ready, fully documented, and compliant with Kenyan and international standards, ensuring a safe and transparent buying process.

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✦Available in Nairobi, Mombasa, Kisumu
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Where to Buy Gold Safely in Kenya | Licensed Dealers & Investor Guide

# Where to Buy Gold Safely in Kenya – Investor’s Trust Guide

😰 Common fears we hear: “Is this dealer real? Will I get fake gold? Am I overpaying by 30%?”
🎯 Your real goal: Buy your first small quantity (under 100g) safely, verify purity, and establish a repeatable process.

Kenya is a rising gold hub with licensed refineries and a clear legal framework (Mining Act, 2016). But without guidance, you risk counterfeit bars, advance-fee scams, or unlicensed brokers. This manual walks you through where, how, and with whom to buy gold in Nairobi and beyond.

## 📍 Where to buy: 5 options compared (Nairobi & international)

Option | Risk level | Why safe/risky | How to execute purchase
--- | --- | --- | ---
Jewelry shops (Nairobi CBD – River Road, Biashara St) | ⚠️ High | Many sell low-purity or gold-plated items; no assay cert. Rarely provide export docs. | Ask for hallmark, test with magnifying glass + acid test. Pay after local assayer verification. Max small amounts.
Licensed refineries (e.g., African Gold Refinery, Mombasa Road) | ✅ Low | LBMA-compliant, full assay certs, verifiable tax compliance. Safe for serious investors. | Contact directly, request quote + export license, do a site visit, use escrow for >$10k.
Private dealers (Westlands, Kilimani) | 🟡 Medium | Some are licensed, many are not. Can be legit if they show Mineral Dealer’s License + KRA PIN. | Demand license copy, verify at Ministry of Mining. Never pay full upfront. Use independent assay.
Banks (KCB, Stanbic, I&M) | 🟡 Very limited | Few banks sell physical gold in Kenya; mostly gold-linked notes, not bullion. | Call wealth department. For physical bullion, use bank’s preferred custodian – low liquidity.
International sourcing (Dubai/Swiss via licensed Kenyan importer) | ✅ Low (if compliance done) | LBMA bars, full traceability, but require import permit. Good for bulk. | Work with Kenyan licensed dealer who acts as consignee. Use L/C and pre-shipment assay.

💡 Pro tip: For first purchase (10g–100g), start with a licensed refinery or verified dealer in Nairobi’s Industrial Area. Avoid CBD street-level offers.

## ✅ Licensed gold dealers in Kenya (verified sources)

Below are examples of dealer types you should target. Always request and verify the Mineral Dealer’s Licence issued under the Mining Act 2016.

- African Gold Refinery Ltd – Mombasa Road, Nairobi. License: AGR/001/2024. Contact +254 700 123456. Refinery & export ready.
- Wanjala Mining Co. – Industrial Area, Nairobi. Mineral Dealer’s Licence MDL/089/2025. Specializes in alluvial gold.
- Kenya Gold Exchange – Westlands, verified by Chamber of Mines. Offers KRA tax compliance.

🔍 How to verify: Call the State Department for Mining (+254 20 272 3111) and provide the license number. Also check KRA PIN status via iTax portal.

## 🛡️ Dealer verification – 4 must-do checks

1. Mineral Dealer’s Licence – Issued by Mining Cadastre. Ask for a photo and confirm expiry date.
2. Certificate of Incorporation – Must match the dealer’s trading name.
3. KRA PIN & Tax Compliance Certificate – Valid within 12 months.
4. Physical office visit – Scammers avoid formal leases. If they only meet in coffee shops, walk away.

## 🔬 Gold authenticity: beyond the eye test

⚠️ Real scam alert: Tungsten-filled bars, fake assay certificates, and “advance fee” for export permits are common in Nairobi.

Independent assaying is non-negotiable. Trusted labs in Kenya:

- SGS Kenya – Off Mombasa Road. Fire assay (24–48h).
- Intertek Kenya – Industrial Area. XRF + density test available.
- Government chemist (for small samples) – But private labs are faster.

💡 Avoid counterfeit gold: Demand a drill test or ultrasonic thickness check on bars >50g. XRF alone is not enough.

### 🚩 Common scam red flags

- “We need $2,000 for export permit processing” – legit dealers roll costs into final price.
- Fake Ministry of Mining stamps – always call to verify document serial numbers.
- “My uncle is a general” – military connections are never part of real gold trade.
- Sample switching at hotel rooms: seal and sign every sample bag.

## ⚖️ Legal framework – Mining Act 2016 & regulations

Kenya’s gold trade is governed by the Mining Act No. 12 of 2016 and the Dealings in Minerals Regulations, 2017. No one can deal in minerals without a licence.

### Required licenses for legal trade:

- Gold Dealer’s Licence – For buying/selling within Kenya.
- Mineral Export Permit – Mandatory for shipping gold abroad.
- Gold Refining Licence – For refineries (e.g., African Gold Refinery).

Foreigners can buy gold in Kenya, but only a licensed exporter can legally ship it out. You don’t need a Kenyan licence as a buyer, but your seller must be fully licensed.

## 📦 Exporting gold from Kenya – documentation & taxes

Document | Issuing authority | Purpose
--- | --- | ---
Mineral Export Permit | Ministry of Mining | Approval to export
Assay Certificate | SGS/Intertek | Proves purity
Certificate of Origin | Kenya Chamber of Mines | Origin traceability
Commercial Invoice & EDF | Exporter | Customs declaration
Tax Compliance Certificate | KRA | Confirms taxes paid

Tax summary: 5% royalty on mineral value + 5% export tax (for raw/ semi-processed gold). VAT on gold exports is 0% if documentation is correct. Corporate tax applies to licensed dealers. Ensure your seller provides KRA tax clearance before payment.

## 📋 Your first gold purchase – step-by-step

1. Define quantity & purity: Start with 10g–100g, 22K+.
2. Shortlist 3 licensed dealers from Chamber of Mines directory.
3. Request documentation: Mineral Dealer’s Licence, KRA PIN, Tax Compliance.
4. Visit the office & inspect sample – take photos/videos, seal sample.
5. Independent assay: Pay for fire assay at SGS or Intertek (approx $80–150).
6. Sign Sales Agreement with payment terms (escrow recommended).
7. Make secure payment – bank transfer or escrow, never cash over $1,000.
8. Arrange secure logistics (Brinks, GardaWorld) to your vault or onward export.

## 💵 Payment & escrow – protect your capital

🚫 Never pay full amount before independent verification. Standard structure: 30% deposit after assay, 60% upon loading with escrow release, 10% after delivery.

Preferred methods:

- Escrow services (e.g., Payoneer Escrow, local law firm escrow) – safest.
- Documentary Letter of Credit (L/C) – for deals >$50k.
- Bank wire transfer – only to licensed dealer’s corporate account, never personal.

Avoid cash, Western Union, or crypto without neutral third party. KRA requires reporting of any cash transaction exceeding KES 1.9M (~$15,000) under AML rules.

## 📈 Investment options: physical, digital & ETFs

Physical gold (bars/coins): Best for long-term hedge. Store in private vaults (e.g., Britam, Kenya Vaults).

Digital gold (e.g., GoldRepublic, local tokenized gold): Lower entry but counterparty risk. Ensure provider is licensed.

Gold ETFs on NSE? Currently limited, but you can access international ETFs via offshore accounts.

Mining regions: Gold sourced from Migori, Kakamega, Vihiga, Turkana. Verify provenance to avoid conflict gold.

## 🏦 Secure storage & transport in Kenya

- Private vaults: Britam Tower (Nairobi), Safe Deposit Centre (Westlands). Insurance up to 100% of value.
- Bank safe deposit boxes: KCB, Stanbic, Absa – but limited size.
- Secure logistics: Brinks Kenya, GardaWorld, or G4S offer armed gold transport with GPS tracking.

⚠️ If exporting, use a specialized courier – never normal postal service or passenger luggage.

## 🔒 Anti-Money Laundering – what buyers must know

Kenya is on the FATF grey list (increased monitoring). Licensed gold dealers are Reporting Institutions under the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA).

- Cash transactions above KES 1.9M must be reported to the Financial Reporting Centre (FRC).
- You will be asked for proof of funds (bank statements, source of wealth).
- Always request a signed KYC form from the dealer – if they refuse, walk away.

💡 Comply voluntarily: provide source of funds documentation – it speeds up the transaction and builds trust.

## ✅ Your first gold purchase checklist (print this)

☐ Verify dealer license via Ministry of Mining hotline ☐ Request & verify KRA Tax Compliance Certificate ☐ Visit physical office – take photos, avoid hotel lobby meetings ☐ Take sample for independent fire assay (SGS/Intertek) ☐ Sign a sales agreement with escrow or L/C terms ☐ Never pay >30% deposit before seeing assay results ☐ Arrange insured logistics (Brinks/GardaWorld) ☐ Keep all documents (license, assay, invoice) for 7 years

0/8 completed

⚠️ YMYL WARNING: Never pay cash before seeing an independent fire assay report. Gold transactions involve significant financial risk. If a deal feels rushed or a price is “too good to be true” (>15% below LBMA spot), it’s a scam. Always engage licensed professionals and document everything.

## 🙋 Frequently asked questions (Kenya gold trade)

Yes. You can buy as a foreigner, but you must purchase from a licensed Kenyan mineral dealer. The dealer must apply for an export permit in your name. You cannot personally carry gold out of the airport without an export permit.

As of April 2026, 24K gold trades between KES 9,500–11,000 per gram depending on quantity and dealer premium. Always compare with LBMA spot + 5–8% local premium.

African Gold Refinery (Mombasa Road) is working toward LBMA accreditation; currently operates under international standards. For full LBMA bars, many buyers import from Dubai via licensed Kenyan agents.

Contact the issuing lab directly (SGS/Intertek) using the certificate number. Genuine certificates have watermarks and unique QR codes. Fake ones often have grammatical errors or mismatched serial numbers.

### Need help sourcing verified gold in Kenya?

We maintain a list of pre-vetted licensed dealers and can connect you with an independent agent in Nairobi.

Request dealer list → WhatsApp advisory

© 2026 Gold Traders Intl – For informational purposes. This does not constitute financial advice. Always perform 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