The Mining Commission has released the latest mineral indicative prices for gold and silver for January 7, 2026, showing that gold continues to command a significantly higher value than silver in both the global and local markets.
According to the Commission, the buying centre price for gold has been set at TZS 314,807.01 per gram, reflecting strong performance in the international market and sustained demand locally.
Silver, on the other hand, is priced at TZS 5,579.44 per gram at local buying centres, underscoring the wide value gap between the two minerals.
The indicative prices are issued to guide transactions across the mining value chain, particularly for small-scale miners, mineral traders and licensed buying centres.
The buying centre price represents the amount typically paid to miners at collection points and is slightly lower than the mineral market price to cover operational, administrative and logistical costs.
The Commission noted that the pricing framework is aimed at enhancing transparency and fairness in mineral trading while protecting miners from exploitation.
By aligning local prices with movements in the global market, the system enables miners to make informed decisions on production and sales.
Gold remains Tanzania’s most valuable mineral in small-scale mining activities, contributing significantly to household incomes and foreign exchange earnings.
Silver, though less valuable per gram, continues to support various industrial uses and contributes to the broader mining economy.
The Mining Commission has urged miners and traders to adhere to the officially published prices and conduct transactions through licensed buying centres to ensure compliance with mining laws and regulations, reaffirming its commitment to strengthening oversight and sustainable growth in the mining sector.