The Mining Commission has released the latest indicative mineral prices for January 21, 2026, showing gold maintaining its premium position in global markets, while silver remains at modest levels.
According to the commission, gold’s world market price stands at $4,870.10 per troy ounce, translating to 388,953.51 Tanzanian shillings per gram.
At local trading hubs, accounting for refining, logistics, and commission fees, the buying centre price is 342,279.09 TZS per gram, slightly below the mineral market benchmark of 350,058.16 TZS per gram.
Silver continues to trade at a lower range, reflecting its global market trends. The international rate is $95.70 per troy ounce, or 7,643.14 TZS per gram, while the local buying centre offers approximately 6,725.96 TZS per gram, below the mineral market price of 6,878.82 TZS per gram.
Analysts note that gold remains roughly 50 times more valuable than silver per gram at local prices, highlighting the persistent disparity between precious metals in Tanzania’s mining sector.
The gap between world market prices and buying centre rates also reflects the costs involved in transportation, refining, and dealer commissions.
Mining experts advise traders and investors to monitor these daily indicative prices closely, as fluctuations in international markets directly influence local rates.
With gold showing consistent strength and silver holding steady, Tanzania’s mining hubs continue to provide profitable opportunities for both small-scale and commercial investors.
The Mining Commission emphasizes that these indicative prices serve as a benchmark for all mineral transactions across the country and are updated regularly to reflect market trends.