The Mining Commission of Tanzania has released the latest indicative prices for gold and silver, reflecting the current trends in the global and local mineral markets.
Gold continues to dominate as a valuable asset, with the world market price standing at USD 4,833.20 per troy ounce, equivalent to Tanzania Shillings (TZS) 394,470.61 per gram. Locally, the mineral market price for gold is TZS 355,023.55 per gram, while buying centres offer a rate of TZS 347,134.13 per gram.
These prices provide guidance for miners, traders, and investors engaging in gold transactions across the country.
Silver, often regarded as a complementary investment to gold, has a world market price of USD 82.84 per troy ounce, translating to TZS 6,761.14 per gram.
The mineral market price for silver in Tanzania is TZS 6,085.03 per gram, while buying centres are currently paying TZS 5,949.80 per gram.
The Mining Commission emphasizes that these indicative prices are crucial for transparency in the trading of minerals, ensuring that miners and buying centres operate under a standardized pricing system.
The prices are updated regularly to reflect fluctuations in global markets, exchange rates, and local demand.
Tanzania remains a leading gold producer in Africa, and such updates help in maintaining investor confidence while safeguarding the interests of artisanal and small-scale miners.
The Mining Commission continues to urge miners and traders to adhere to official channels when selling or purchasing minerals to ensure fair pricing and compliance with national regulations.
For more information and updates, stakeholders are encouraged to visit the Mining Commission’s official website at www.tumemadini.go.tz or follow their official social media platforms.
