The Mining Commission has released the latest mineral indicative prices showing a continued rise in global and local market prices for gold and silver, reflecting strong demand in international markets.
According to the commission’s price update issued on March 16, 2026, the world market price of Gold reached $5,134.30 per troy ounce, equivalent to TZS 427,095.98 per gram.
The indicative mineral market price for gold in Tanzania has been set at TZS 384,386.38 per gram, while the buying centre price stands at TZS 375,844.46 per gram.
The price guide, issued regularly by the Mining Commission, is intended to help miners, traders and investors understand prevailing market conditions and ensure transparency in the buying and selling of minerals across the country.
Similarly, the global price of Silver was recorded at $83.70 per troy ounce, equivalent to TZS 6,962.57 per gram in the world market.
In Tanzania’s mineral markets, the indicative price of silver has been set at TZS 6,266.31 per gram, while the buying centre price stands at TZS 6,127.06 per gram.
The commission noted that the prices are calculated based on global market trends, exchange rates and applicable statutory deductions used in Tanzania’s mineral trading system.
Indicative prices play an important role in protecting small-scale miners by providing a reference point that prevents underpricing when minerals are sold at official buying centres.
The Mining Commission continues to publish the prices regularly through its digital platforms to promote transparency and strengthen the country’s mineral trading framework.
Tanzania has increasingly focused on formalizing mineral trade in recent years as part of broader reforms in the mining sector aimed at boosting revenue collection, improving traceability and ensuring miners benefit fairly from global commodity prices.
