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The Mining Commission of Tanzania has released the latest indicative prices for key minerals, reflecting current global and local market trends.
For gold, the world market price stands at USD 4,755.70 per troy ounce, equivalent to TZS 397,414.05 per gram.
Locally, the mineral market price is set at TZS 357,672.64 per gram, while buying centres are offering TZS 349,724.36 per gram.
Silver continues to trade at USD 74.87 per troy ounce internationally, translating to TZS 6,256.57 per gram. In the Tanzanian mineral market, the price is TZS 5,630.92 per gram, with buying centres offering TZS 5,505.79 per gram.
Copper, which is measured differently in international markets, is priced at USD 5.62 per pound. The corresponding world market price per gram is TZS 32.20, while the mineral market in Tanzania lists TZS 28.98 per gram, and buying centres offer TZS 28.34 per gram.
The Commission encourages miners and traders to consult these indicative prices to guide transactions and ensure fair trade practices.
For more information, visit the Mining Commission website at www.tumemadini.go.tz or follow their social media platforms @tumemadini.
