New indicative mineral prices released by The Mining Commission show gold continuing to dominate Tanzania’s mineral market, maintaining a strong lead over silver and copper in both global and local trading benchmarks.
According to the latest update, gold remains the most valuable mineral, with a world market price of 406,423.31 Tanzanian shillings per gram.
At the local level, the price stands at 365,780.98 shillings per gram in mineral markets and 357,652.51 shillings per gram at buying centres, reflecting sustained global demand and stable pricing trends.
Silver, while significantly lower in value compared to gold, continues to hold a steady position in the market.
The global price is set at 6,699.77 shillings per gram, while traders in Tanzania are selling it at 6,029.79 shillings per gram in mineral markets and 5,895.79 shillings per gram at buying centres.
Copper, commonly used in industrial production, remains the least expensive among the three minerals. It is priced at 34.94 shillings per gram on the world market, with local market and buying centre prices at 31.44 shillings and 30.74 shillings per gram respectively.
The commission noted that these prices are derived from international benchmark rates, including gold at 4,834.18 US dollars per troy ounce, silver at 79.69 US dollars per troy ounce, and copper at 6.06 US dollars per pound.
These global reference points play a key role in determining domestic prices across Tanzania’s mineral trading hubs.
The indicative prices are used to guide transactions in mineral markets and buying centres across the country, helping to ensure transparency and fairness for miners, traders and investors.
They also provide a reliable reference for small-scale miners, who form a significant part of Tanzania’s mining sector.
With gold maintaining a buying centre price above 357,000 shillings per gram, the data signals continued opportunities for revenue generation in the sector, particularly as Tanzania strengthens oversight and formalization of mineral trade.
More details and regular updates on mineral prices can be accessed through the official portal of the Mining Commission.
