The Mining Commission has released the official mineral indicative prices for gold and silver for January 2, 2026, showing strong global market values alongside adjusted local market and buying centre rates in Tanzania.
According to the Commission, gold continued to trade at a high level on the world market, with the international price reaching USD 4,393.10 per troy ounce.
In local currency, this translated to TZS 347,784.20 per gram. However, within Tanzania’s regulated mineral trade framework, the mineral market price was set at TZS 313,005.78 per gram, while the buying centre price stood at TZS 306,050.10 per gram.
Silver also recorded firm prices on the global market. The world market price was USD 74.84 per troy ounce, equivalent to TZS 5,924.78 per gram.
On the domestic market, the mineral market price was fixed at TZS 5,332.31 per gram, with the buying centre price slightly lower at TZS 5,213.81 per gram.
The Mining Commission explained that the difference between world market prices and local buying centre prices reflects applicable taxes, royalties, regulatory fees, and operational costs within the country.
These adjustments are designed to ensure compliance with mining laws while supporting transparency and fairness in mineral trading.
The Commission urged miners, traders, and stakeholders in the mining sector to follow the officially issued indicative prices when conducting transactions, noting that the rates help protect both producers and buyers while aligning local trade with international market trends.
The indicative prices are updated regularly in line with movements in the global mineral markets and prevailing exchange rates, reinforcing the government’s commitment to a well-regulated and competitive mining sector.