The Mining Commission has released the official mineral indicative prices for gold and silver for January 5, 2026, showing strong values that benefit small-scale miners and traders across the country.
According to the Commission, the world market price of gold stands at USD 4,402.35 per troy ounce, which is equivalent to TZS 348,765.59 per gram.
Within the local mineral market, gold is priced at TZS 313,889.03 per gram, while approved buying centres are purchasing gold at TZS 306,913.72 per gram.
For silver, the world market price is USD 74.22 per troy ounce, equal to TZS 5,879.90 per gram. The mineral market price in Tanzania is TZS 5,291.91 per gram, with buying centres offering TZS 5,174.31 per gram.
The Mining Commission said the indicative prices are issued to ensure transparency, protect miners from exploitation, and help sellers negotiate fair value for their minerals. The prices also guide licensed buying centres in setting standard and fair purchasing rates.
Small-scale miners are encouraged to sell their minerals through official buying centres and to follow daily price updates published by the Commission through its official platforms, including www.tumemadini.go.tz