GoldBod Adopts XRF Gold Purity Assessment
The Ghana Gold Board (GoldBod) has announced changes to the assay regime used to determine the purity of gold purchased locally. Under the new directive, the Water Density method Read More... The post GoldBod Adopts XRF Gold Purity Assessment appeared first on DailyGuide Network .
The Ghana Gold Board (GoldBod) has announced a significant change to its gold purity assessment regime. Effective October 1, 2026, the Water Density method will no longer be the definitive basis for determining purity, pricing, or payment. Instead, the X-Ray Fluorescence (XRF) assay method will become the new standard. GoldBod stated that the Water Density method will be used solely as an indicative assessment for local gold purchases, without affecting pricing or payment.
However, licensed buyers who cannot use XRF due to operational or logistical reasons, or those who agree with sellers to use Water Density, will receive a 0.7% purity discount on the Water Density-determined purity. GoldBod also emphasized the importance of maintaining a purity differential of plus or minus 0.1% between successive XRF reports, with deviations exceeding this range requiring further verification before transaction completion or reporting.
Non-compliance with these new requirements will result in regulatory action under the Ghana Gold Board Act, 2025 (Act 1140).
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