The Mining Commission has released the official mineral indicative prices for February 16, 2026, providing updated reference rates for gold and silver in both international and domestic markets. These prices guide transactions across the mining value chain, from small-scale miners to licensed buying centres in Tanzania.
Gold continued to trade at strong levels on the global market, reflecting sustained demand and favorable international conditions.
According to the Commission, the world market price of gold stood at USD 5,062.33 per troy ounce.
Converted into local currency, this corresponds to TZS 418,703.21 per gram. After accounting for applicable adjustments, the mineral market price was set at TZS 376,832.89 per gram, while the buying centre price the amount payable to miners at authorized centres was established at TZS 368,458.83 per gram.
These figures are particularly important for small-scale and artisanal miners, as the buying centre price represents the practical benchmark for daily gold sales within the country.
Silver prices also showed stability, maintaining a solid position in both international and local markets. The world market price of silver was recorded at USD 77.57 per troy ounce.
At the local level, this translated to TZS 6,415.79 per gram. The mineral market price for silver was set at TZS 5,774.21 per gram, while the buying centre price stood at TZS 5,645.89 per gram.
Although silver trades at significantly lower levels than gold, it remains an important mineral for both industrial use and small-scale mining activities, especially in regions where it is produced alongside other metals.
The Mining Commission publishes indicative prices regularly to promote transparency, fairness, and consistency in mineral trading.
These prices help protect miners from underpricing, support government revenue collection, and ensure alignment with international market movements.
Licensed mineral dealers and buying centres are expected to adhere closely to these benchmarks, while miners are encouraged to stay informed so they can make better decisions when selling their minerals.
For more updates and official notices, stakeholders are advised to follow the Mining Commission through its official communication channels and website.
