Tanzania’s mining sector continues to show a positive outlook, supported by the steady rise of benchmark prices for gold and silver in both the global and domestic markets.
This trend is boosting confidence among miners, traders, and investors, highlighting the growing importance of these minerals to the national economy.
Gold Prices Today
According to the latest benchmarks, gold prices are as follows: the global market price stands at USD 4,468.44 per troy ounce, equivalent to TZS 353,511.52 per gram. In the domestic minerals market, gold is trading at TZS 318,160.37 per gram, while the official buying center price is TZS 311,090.14 per gram.
Silver Prices Today
Silver has also maintained stability in the market, reinforcing its position as a key mineral for both investment and industrial use.
The global market price is USD 74.64 per troy ounce, translating to TZS 5,904.99 per gram. Domestically, silver is priced at TZS 5,314.49 per gram in the minerals market, with the buying center price at TZS 5,196.39 per gram.
Mining Market Outlook
The price differences between the global and local markets reflect production costs, transportation, and mineral trading systems.
Despite these variations, current price levels continue to present opportunities for both small-scale and large-scale miners, strengthening the mining sector’s contribution to economic growth.
Overall, gold and silver remain key pillars of revenue generation and investment, particularly at a time when global demand for these minerals continues to rise.