The Mining Commission has released the indicative prices for gold and silver for January 09, 2026, showing continued strength in precious metals on the global market.
The world market price for gold stands at 4,477.70 USD per troy ounce, equivalent to 355,647.73 Tanzanian Shillings (TZS) per gram, while silver is trading at 76.51 USD per troy ounce, translating to 6,076.92 TZS per gram.
Locally, mineral market prices are slightly lower, with gold at 320,082.96 TZS per gram and silver at 5,469.22 TZS per gram, reflecting adjustments for local trading conditions, taxes, and administrative costs.
The Buying Centre Price, which is the rate offered to traders at authorized centres, is set at 312,970 TZS per gram for gold and 5,347.69 TZS per gram for silver.
These updated rates provide miners, traders, and investors with a clear benchmark for fair trading. Gold continues to hold significant value, offering opportunities for both small- and large-scale miners across the country.
The Mining Commission stressed that these prices are essential for planning and conducting mining activities, noting that precious metals are measured in troy ounces, with one troy ounce equaling approximately 31.1 grams.
