The Mining Commission of Tanzania has released the indicative mineral prices for February 6, 2026, providing key insights into the local and global valuation of gold and silver.
According to the commission, gold remains a premium commodity, with the world market price reaching 4,872.59 USD per troy ounce (toz), equivalent to 401,442.14 Tanzanian Shillings (TZS) per gram.
Locally, the mineral market value is slightly lower at 361,297.92 TZS per gram, while buying centres across the country offer 353,269.08 TZS per gram to mineral sellers.
Silver also shows stable demand, trading at 78.71 USD per toz globally, translating to 6,484.75 TZS per gram. Local mineral centres value silver at 5,836.27 TZS per gram, with buying centres paying 5,706.58 TZS per gram.
The commission noted that the price difference between global and local buying rates averages around 12%, accounting for processing fees, royalties, and commissions applied by local traders.
Experts say these rates reflect both Tanzania’s position in the global precious metals market and the continued attractiveness of gold as a reliable store of value.
With gold trading at over 400,000 TZS per gram internationally, local miners continue to benefit from lucrative opportunities, though careful monitoring of market rates remains essential for optimal returns.
The Mining Commission advises miners and investors to consult official rates before any transactions to ensure transparency and fair pricing across the country.