The Mining Commission of Tanzania has released the indicative prices for key minerals, providing an updated benchmark for the local market as of January 28, 2026.
These prices reflect the transition from international market rates to local buying prices, helping traders, miners, and investors navigate the Tanzanian mineral market.
The world market price for gold stands at USD 5,254.90 per troy ounce, equivalent to TZS 421,900.71 per gram. Locally, the mineral market price is set at TZS 379,710.64 per gram, while buying centres offer TZS 371,272.63 per gram.
This tiered pricing structure accounts for refining fees, local taxes, royalties, and logistical costs.
Silver, meanwhile, is priced at USD 115.34 per troy ounce on the global market, or TZS 9,260.31 per gram.
At the mineral market level, the price drops to TZS 8,334.28 per gram, and buying centres provide TZS 8,149.08 per gram to traders and miners.
Analysts note that the difference between global and local prices helps cover operational costs and ensures market stability.
The prices are expressed in both USD and TZS, with units indicated in troy ounces (toz) for international standards and grams (g) for local trade.
These indicative rates are crucial for Tanzania’s mining sector, providing transparency and guidance in mineral transactions across the country.