The Mining Commission has released the indicative prices for gold and silver for January 29, 2026, providing guidance to miners, traders, and investors across Tanzania.
Gold continues to show strong value in both international and local markets. The world market price stands at 5,560 US dollars per troy ounce, which translates to 446,396 Tanzanian shillings per gram.
Locally, the mineral market price for gold is slightly lower at 401,757 shillings per gram, while buying centers across the country offer 392,829 shillings per gram, accounting for operational and logistical costs at the point of sale.
Silver remains steady with the world market price at 117.56 US dollars per troy ounce, equivalent to 9,439 shillings per gram.
The local mineral market values silver at 8,495 shillings per gram, while buying centers are offering 8,306 shillings per gram to cover handling and transportation margins.
The Commission emphasized that the minor difference between buying center prices and the mineral market price is designed to cover logistical costs and ensure smooth transactions.
Stakeholders in the mining sector are advised to follow these rates closely to maintain fairness and stability in trading.
This update provides crucial guidance for miners and traders, supporting transparency and market confidence in Tanzania’s gold and silver sectors.