Competitive, transparent gold buying at real-time international LBMA spot rates — no hidden deductions, no surprises. Uganda's most trusted gold buyer.
Oasis Gold Refinery is one of Uganda's most active and trusted gold buyers. We purchase gold from artisanal and small-scale miners, licensed dealers, mining companies, and exporters — at prices directly benchmarked against the international LBMA spot rate.
The LBMA (London Bullion Market Association) spot price is the globally accepted benchmark for gold transactions. It is determined twice daily through a coordinated electronic auction process involving banks, refiners, and institutional investors worldwide — and it is this same price that Oasis uses as the basis for all purchases.
We do not use arbitrary "local market" prices or inflated spreads. You receive a full, transparent settlement statement showing the assay result, the LBMA spot price used, any applicable deductions, and your net proceeds — agreed before any transaction is completed.
No hidden fees. No post-settlement adjustments. Just honest gold buying.
Our pricing methodology is straightforward, internationally benchmarked, and fully disclosed before any transaction — the same standards applied by LBMA-accredited refineries worldwide.
The gold spot price is the current market price for one troy ounce of pure 999.9 fine gold as set by the London Bullion Market Association — the globally accepted standard used by central banks, institutional investors, and every major refinery in the world.
The LBMA Gold Price is determined twice daily (10:30 AM and 3:00 PM London time) through an electronic auction administered by ICE Benchmark Administration, with participation from banks, refiners, and market makers worldwide. This is the price Oasis uses as our base.
The LBMA spot price is for 999.9 fine (99.99% pure) gold. Your raw gold material will have a lower fineness — determined by fire assay before any purchase offer is made.
Your settlement price is calculated as:Net Gold Weight (g) × Fineness ÷ 1000 × Spot Rate (per gram)This means you are always paid for the actual gold content of your material — not an estimated or averaged figure.
Before finalising any purchase, Oasis issues you a full written settlement statement showing: gross input weight, fire assay fineness, fine gold weight, the LBMA spot price applied, refining/handling charges (if applicable), and your net USD and UGX proceeds.
Nothing is deducted that is not itemised. You review and agree the settlement before gold changes hands. Payment is made by bank transfer, mobile money, or cash at your preference.
We serve every segment of Uganda's gold supply chain — from the individual miner to the large-scale corporate exporter.
Individual and cooperative miners from Uganda's gold-producing regions — Busia, Mubende, Moroto — can bring gold dust, nuggets, or concentrates directly to our Kampala facility and receive same-day payment.
Registered mineral dealers holding a valid DGSM Mineral Dealer's Licence can trade bulk parcels at competitive wholesale rates. We handle KYC/AML compliance checks efficiently so transactions move quickly.
Medium and large-scale licensed mining operations can sell doré or concentrate directly to Oasis. We can accommodate large, scheduled parcel deliveries with advance logistics coordination.
International institutions, investment funds, and bullion dealers looking to source certified LBMA-standard Ugandan gold can transact through Oasis with full provenance documentation and conflict-free certification.
Arrive at our Kampala facility with your gold and your identification documents (National ID or Passport) and your DGSM Mineral Dealer's Licence or mining licence. First-time clients complete a KYC/AML registration — typically 15 minutes. All transactions comply with Uganda's AML regulations and OECD Due Diligence guidelines.
Your gold is weighed on our certified, calibrated scales in your presence. The gross weight is recorded and a witnessed intake receipt is issued immediately. Your material is assigned a unique lot number and is kept under continuous CCTV surveillance.
A quick XRF screen gives an immediate purity estimate. For final purchase settlement, a fire assay is performed — the definitive, legally binding measurement of your gold's fineness. You may witness the sampling process. Results are typically available within 4–8 hours; same-day rush assay is available.
Based on your fire assay result and the current LBMA spot price, Oasis issues you a full written settlement offer. This document itemises every figure — weight, fineness, spot price, fine gold value, and any applicable charges. You review and sign off before any transfer.
Once you accept the settlement, payment is processed immediately by your preferred method: bank transfer (UGX or USD), mobile money (MTN/Airtel), or cash for eligible transaction sizes. Large commercial transactions are typically settled by wire transfer the same business day.
The gold spot price is the current market value of one troy ounce of 999.9 fine gold traded between institutional participants in global wholesale markets — in real time, 24 hours a day during market hours.
It is determined through a globally coordinated process overseen by the London Bullion Market Association (LBMA), which conducts electronic auctions twice daily. Banks, refiners, and institutional investors submit buy and sell orders until equilibrium is reached — this fixing price becomes the global benchmark used by every refinery, central bank, and bullion dealer worldwide.
The spot price constantly fluctuates in response to: US dollar strength, inflation data, geopolitical events, central bank gold purchases, and global supply/demand dynamics. Oasis locks in the spot price at the moment of your settlement agreement — protecting you from intraday volatility.
London Bullion Market Association oversees the daily gold price benchmark used globally.
10:30 AM and 3:00 PM London time. Oasis tracks real-time markets between fixes.
1 troy ounce = 31.1035 grams. All prices converted to UGX and KES at current forex rates.
The spot rate used for your transaction is locked at the time you agree the settlement — no post-settlement adjustments.
Our buy/sell spread is disclosed upfront. No hidden mark-downs or unexplained deductions.