troy

The median forecast from a survey of 24 analysts and traders were for platinum to average $1,023 a troy ounce in 2024, down from $1,100 returned by a poll three months ago.

And with gold trading at $1,710 per troy ounce late last week, institutional investors may be the coins’ principal buyers.

The coins, each weighing one troy ounce with a purity of 22 carats, can also be used as security for loans and credit facilities, said the central bank.

The gold coins, which will contain one troy ounce of 22-carat gold, will be available from 25 July, John P Mangudya, the governor of the Reserve Bank of Zimbabwe, said in a statement.

The gold coin will contain one troy ounce of gold and will be sold by Fidelity Gold Refinery, Aurex and local banks, it added.