Indicative mineral prices released by the Mining Commission for April 1, 2026 show that gold continues to dominate the mineral market in Tanzania, with buying centre prices exceeding TZS 345,000 per gram.
According to the commission’s daily market update, the world market price for gold stood at $4,702.40 per troy ounce, which translates to approximately TZS 392,237.32 per gram.
After adjustments within the domestic mineral market, the indicative mineral market price was placed at TZS 353,013.59 per gram, while the buying centre price reached TZS 345,168.84 per gram.
The figures indicate that gold remains the most valuable mineral traded through Tanzania’s official mineral trading centres, reflecting continued strong demand in the global market.
Silver prices were also reported to be stable. On the world market, silver traded at $73.97 per troy ounce, equivalent to about TZS 6,170 per gram.
In Tanzania’s mineral market, the indicative price was TZS 5,553 per gram, while buying centres offered approximately TZS 5,429.60 per gram.
Meanwhile, copper maintained moderate market value compared to precious metals. The global price for copper stood at $5.59 per pound, which is equivalent to about TZS 31.95 per gram.
After adjustments in the domestic mineral market, the indicative price was TZS 28.76 per gram, while buying centres offered around TZS 28.12 per gram.
The buying centre price reflects the amount offered to miners and traders at authorized mineral trading hubs after statutory deductions, operational costs and logistical factors associated with domestic mineral trade.
Tanzania has established mineral buying centres across several regions to formalize mineral trade, increase transparency and ensure that miners receive fair market prices.
The system also supports government revenue collection and strengthens oversight of the country’s mineral sector.
Gold continues to be the country’s leading mineral export and a key contributor to foreign exchange earnings, followed by other minerals such as diamonds, tanzanite and coal.
The daily indicative prices issued by the Mining Commission help guide traders, miners and investors by reflecting trends in the international commodity markets.
The commission releases these indicative prices regularly to ensure that participants in the mineral value chain have updated market information and can make informed decisions when trading minerals within Tanzania’s regulated market system.
