Gold prices have continued to rise in the global market, with new indicative prices released by the The Mining Commission showing strong market performance for both gold and silver as of March 23, 2026.
According to the commission, the world market price of gold has reached 4,689.50 US dollars per troy ounce, reflecting the sustained demand for the precious metal in international markets.
When converted into local currency, the world market price stands at 391,539.74 Tanzanian shillings per gram.
The commission further indicated that the mineral market price for gold in Tanzania has been set at 352,385.77 shillings per gram, while the buying centre price stands at 344,554.97 shillings per gram.
These prices are used to guide transactions at mineral markets and buying centres across the country, particularly benefiting small-scale miners and traders who rely on official price indications to ensure fair trading.
Silver prices have also shown steady performance. The world market price of silver has been recorded at 72.37 US dollars per troy ounce. In Tanzanian currency, the price is equivalent to 6,042.38 shillings per gram.
The mineral market price of silver has been placed at 5,438.14 shillings per gram, while the buying centre price has been set at 5,317.29 shillings per gram.
These indicative prices help maintain transparency and stability in mineral trading activities across Tanzania.
The publication of mineral indicative prices is part of the government’s ongoing efforts to strengthen oversight and efficiency in the mining sector, which remains one of the key contributors to the country’s economic growth.
Through the commission’s pricing system, miners and traders are able to follow global market trends while conducting transactions within officially guided price ranges.
The Mining Commission continues to release daily indicative prices to ensure that mineral markets operate transparently and in line with international price movements, while also protecting the interests of local miners and investors in Tanzania’s rapidly expanding mining industry.
