Gold prices have continued to command strong value on the global market, trading above 4,600 US dollars per troy ounce, according to the latest Mineral Indicative Prices released by Tanzania’s Mining Commission.
In the daily update issued on January 20, 2026, the Commission published indicative prices for gold and silver, reflecting both international market trends and local buying rates applicable in Tanzania.
The prices are intended to guide miners, traders and licensed buying centres in conducting transparent and fair mineral transactions.
Gold remained the most valuable mineral, with its world market price standing at 4,698.40 US dollars per troy ounce. Converted into local units, this translates to 374,621.25 Tanzanian shillings per gram at the world market rate.
However, the indicative mineral market price within Tanzania was set at 337,159.12 shillings per gram, while the buying centre price stood at 329,666.70 shillings per gram.
The difference between the world market price and the local buying centre price reflects standard market deductions, including handling, refining, and transaction costs.
For gold, this price spread amounted to approximately 44,954.55 shillings per gram, highlighting the gap between international benchmarks and local purchasing rates.
Silver, while significantly cheaper than gold, also showed stable pricing and continues to provide an accessible entry point for small-scale miners and traders.
On the world market, silver was priced at 93.87 US dollars per troy ounce. This is equivalent to 7,484.61 shillings per gram at the international rate.
Locally, the Mining Commission set the mineral market price for silver at 6,736.15 shillings per gram, with buying centres purchasing the mineral at 6,586.46 shillings per gram.
As with gold, the variation between global and local prices reflects operational and market considerations within the domestic mineral trade.
The Commission emphasized that international prices are benchmarked in troy ounces, while local transactions are conducted per gram and denominated in Tanzanian shillings.
Exchange rates and daily global market movements therefore play a key role in shaping the indicative prices released each day.
The publication of daily mineral indicative prices is part of the government’s broader efforts to enhance transparency in the mining sector, protect small-scale miners from exploitation, and ensure that Tanzania benefits fairly from its mineral resources.
By providing clear pricing information, the Mining Commission aims to promote accountability and informed decision-making among all stakeholders in the mineral value chain.
Miners and traders have been encouraged to follow the official indicative prices when conducting transactions and to use licensed buying centres to avoid losses and illegal dealings.
The Commission continues to update the prices regularly in line with global market trends and currency movements.