The Mining Commission has released updated mineral indicative prices for gold and silver as of January 24, 2026, reflecting rising global commodity values and strengthening earnings potential for miners and traders.
According to the Commission, gold prices have climbed sharply in line with international market trends.
The world market price stands at USD 5,000.10 per troy ounce, equivalent to TZS 401,839.02 per gram.
Within the domestic mineral market, gold is priced at TZS 361,655.12 per gram, while the Buying Centre Price the rate paid to local sellers has been set at TZS 353,618.34 per gram.
Silver prices have also increased, with the world market price recorded at USD 103.33 per troy ounce, translating to TZS 8,304.24 per gram.
The local mineral market price is TZS 7,473.82 per gram, and the Buying Centre Price is TZS 7,307.73 per gram.
The Mining Commission noted that the updated prices are designed to ensure fair compensation for miners, promote transparency in mineral trading, and align Tanzania’s mineral trade with global market movements.
Analysts say the upward trend in precious metal prices could boost government revenue, strengthen foreign exchange earnings, and improve income opportunities for small-scale miners, especially in gold-producing regions across the country.
The Commission continues to encourage miners and traders to follow official indicative prices to ensure fair trade, legal compliance, and sustainable sector growth.