GoldBod sets new X-Ray Fluorescence standard for gold purity testing from September 1
The Ghana Gold Board (GoldBod) has announced a new regulatory framework for determining gold purity, requiring licensed buyers and aggregators to adopt X-Ray Fluorescence (XRF) assay as the standard basis for gold purchases from September 1.
The Ghana Gold Board (GoldBod) has introduced a new regulation for gold purity testing, mandating licensed buyers and aggregators to use X-Ray Fluorescence (XRF) assay starting September 1. This directive, issued on August 17, aims to standardize gold purity testing across the licensed buying chain. XRF results will determine the purity of gold purchased by GoldBod and its licensed buyers.
In cases where XRF equipment is unavailable, procedures for determining purity with water density method are established, but with a 0.5 percent minimum purity discount. Licensed aggregators are required to equip their Tier 2 and Tier 1 buyers with XRF machines. A tolerance of plus or minus 0.05 percent between successive XRF reports is set to address discrepancies.
Operators must prepare systems and personnel before the implementation date, and GoldBod encourages timely acquisition of XRF equipment to prevent discrepancies.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
