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Feb 25, 20140183;32;Cash hard up Zimbabwe could be losing millions of dollars in revenue through gold smuggling, as the local prices for the mineral are much lower compared to neighbouring countries, it has been learnt.

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Gold and silver price today in Zimbabwe in Zimbabwe Dollar. Displays prices per ounce and gram in addition to historical gold and silver charts.

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This comes as Zimbabwe is estimated to be losing millions in gold leakages on a monthly basis as gold smugglers are taking the yellow mineral across borders in search of higher prices. Mining experts say the mineral is mostly illegally sold in South Africa.

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The central bank of Zimbabwe has increased the price of gold by a massive 757 per cent in order to cover rising production costs and curb smuggling, Thomson Financial reports.Gideon Gono, the bank's governor, said quot;With immediate effect, the support price has been increased from the current 350,000 Zimbabwe dollars per gram ($1,400 on

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