If I have gold today, the same price in Kenya is what it will trade anywhere in the world. In some countries one can sell gold to a specific bank once it is certified. That is the difference between gold and the common currencies whose value varies from one state to another. There are markets where gold is sold on a willing buyer willing seller basis. If you go to Dubai - where 90 per cent of Kenyan gold is refined - there is Gold Souk where gold is sold in various quantities.

Source: The Star May 21, 2019 03:56 UTC