The Mining Commission has released new mineral indicative prices for gold and silver, reflecting strong performance in both the global and domestic markets as of January 17, 2026, a move expected to benefit miners, traders and the national economy.
According to the Commission, the world market price of gold has reached USD 4,626.05 per troy ounce. In the local market, this translates to TZS 368,071.67 per gram.
Based on the official mineral market assessment, the mineral market price for gold stands at TZS 331,264.50 per gram, while the buying centre price has been set at TZS 323,903.07 per gram.
The Commission said the indicative prices are intended to guide transactions at mineral buying centres across the country and to promote transparency and fairness in gold trade, particularly for small-scale miners who depend on daily price updates.
Silver has also recorded notable prices in the latest update. The world market price of silver stands at USD 90.80 per troy ounce, equivalent to TZS 7,224.50 per gram in the domestic market.
The mineral market price for silver has been set at TZS 6,502.05 per gram, while buying centres will purchase the mineral at TZS 6,357.56 per gram.
Officials from the Mining Commission said the prices reflect trends in the global commodities market and exchange rate movements, adding that the regular publication of indicative prices is part of government efforts to strengthen formal mineral trade and boost revenue collection.
The Commission has urged miners and traders to rely on official prices released through its platforms, including the Tumemadini system, to avoid exploitation and ensure compliance with mining laws and regulations.