The Tanzania Mining Commission has announced updated mineral indicative prices for gold and silver for March 19, 2026, reflecting strong trends in global precious metal markets and providing guidance for mineral trading across the country.
According to the commission, the world market price of gold has reached 4,887.90 US dollars per troy ounce, equivalent to 408,340.45 Tanzanian shillings per gram.
Based on this global benchmark, the mineral market price in Tanzania has been set at 367,506.40 shillings per gram, while the official buying centre price stands at 359,339.59 shillings per gram.
The indicative prices are used to guide transactions between miners, traders and government-approved mineral buying centres, helping ensure transparency and fairness in the mineral trade.
Gold remains Tanzania’s most valuable mineral export and a key driver of the country’s mining sector, particularly for small-scale miners operating in regions such as Geita, Shinyanga and Mwanza.
The updated prices are expected to influence trading activities at mineral markets across the country.
Meanwhile, the commission also released updated silver prices, which show a steady performance in the international market.
The world market price of silver was recorded at 78.60 US dollars per troy ounce, equivalent to 6,566.33 shillings per gram.
In the local mineral market, the indicative price has been set at 5,909.70 shillings per gram, while the buying centre price stands at 5,778.37 shillings per gram.
The Mining Commission regularly publishes indicative mineral prices to help miners understand global market trends and determine fair selling prices at licensed mineral markets and buying centres established by the government.
Tanzania has significantly expanded its mineral trading infrastructure in recent years, establishing dozens of mineral markets and buying centres to formalise the sector and ensure miners receive competitive prices linked to global markets.
Through these measures, authorities aim to strengthen transparency, increase government revenue from the mining sector and improve incomes for artisanal and small-scale miners who form a large part of the country’s mineral production chain.
The Mining Commission urged stakeholders in the mining sector to follow the indicative prices when conducting transactions to maintain orderly and transparent mineral trading across the country.
