Gold is holding strong internationally and locally. The world price is USD 5,107.34 per troy ounce, which converts to TZS 422,991.23 per gram.
Locally, the mineral market price is TZS 380,692.11 per gram, while buying centres offer TZS 372,232.29 per gram.
The difference between international and local prices reflects refining costs, local demand, and exchange rate fluctuations.
Silver shows stable pricing. Its world market price is USD 86.10 per troy ounce, equal to TZS 7,130.82 per gram.
The local mineral price is TZS 6,417.74 per gram, with buying centres at TZS 6,275.13 per gram.
Silver is important both industrially and as an investment, with local prices closely following global trends.
Overall, the gap between world market prices and local buying prices reflects operational costs, taxes, and other local market factors.
Gold remains far more valuable than silver, and these indicative prices provide guidance for miners, traders, and exporters, promoting transparency in Tanzania’s mineral sector.
