As of January 10, 2026, the Mining Commission has released updated indicative prices for gold and silver in Tanzania, reflecting both global market trends and local buying rates.
Gold is trading at 4,525.80 USD per troy ounce on the world market, which converts to about 359,462.32 Tanzanian Shillings per gram.
Locally, mineral traders value gold at 323,516.09 TZS per gram, while buying centres offer slightly lower rates around 316,326.84 TZS per gram, showing a margin of roughly 12% below the world market equivalent.
Silver, on the other hand, is priced at 79.96 USD per troy ounce internationally, translating to 6,350.83 TZS per gram in Tanzanian Shillings.
The mineral market values silver at 5,715.75 TZS per gram, with buying centres offering 5,588.73 TZS per gram.
These figures indicate that local buyers consistently pay less than the global market rate, a pattern common in commodity trading to account for operational costs and market demand.
The commission’s pricing provides a clear snapshot of the current market, helping miners, traders, and investors make informed decisions when selling or purchasing precious metals.
It also highlights the gap between international and local prices, emphasizing the importance of monitoring world trends for optimal trading outcomes.
If needed, these rates can be used to calculate the total value of any specific quantity of gold or silver, giving miners and traders a practical benchmark for transactions.