Gold and silver prices in Tanzania have recorded fresh gains following the release of new mineral indicative prices by The Mining Commission, reflecting continued strength in the global commodities market.
According to the Commission’s update issued on February 23, 2026, the world market price of gold reached USD 5,176.70 per troy ounce, equivalent to TZS 431,590 per gram.
In the domestic market, the mineral market price was set at TZS 388,431 per gram, while the buying centre price was fixed at TZS 379,799.20 per gram.
The latest figures indicate sustained momentum in gold prices, driven by strong global demand and prevailing uncertainties in international financial markets.
The indicative prices serve as a benchmark for transactions conducted at licensed mineral trading centres across the country.
Silver prices also posted notable increases. The world market price of silver stood at USD 87.05 per troy ounce, translating to TZS 7,236.26 per gram.
Locally, the mineral market price was established at TZS 6,512.63 per gram, while the buying centre price was set at TZS 6,367.91 per gram.
The Mining Commission said the indicative prices are aimed at promoting transparency and fairness in mineral trading, while safeguarding small-scale miners from unfair pricing practices.
The prices are reviewed regularly in line with movements in the global market and changes in foreign exchange rates.
Gold remains Tanzania’s leading mineral export and a major source of foreign exchange earnings, while silver, though produced in smaller volumes, continues to contribute to the mining value chain.
The Commission has urged miners and traders to comply with the published prices and conduct all transactions through licensed buying centres, warning that strict action will be taken against violations of mining laws and regulations.