Mineral indicative prices for April 24,2026

 

The Mining Commission has released the indicative mineral prices for April 24, 2026, showing continued strength in global precious metal markets, with gold maintaining a high valuation while silver and copper remain relatively stable in both international and local trading systems.

According to the latest figures, gold continues to dominate the mineral market, trading at 4,753.11 US dollars per troy ounce on the world market. 

This translates to approximately 399,653.37 Tanzanian shillings per gram. In the domestic mineral pricing structure, the Mineral Market Price for gold stands at 359,688.03 TZS per gram after deductions such as royalties and inspection fees, while the Buying Centre Price offered to small-scale miners is set at 351,694.96 TZS per gram.

Silver, though less valuable than gold, has maintained steady performance on the global stage, trading at 75.16 US dollars per troy ounce. 

This results in a Mineral Market Price of 5,687.68 TZS per gram, while the Buying Centre Price is fixed at 5,561.28 TZS per gram. 

The stability in silver prices continues to support small and medium-scale miners engaged in the mineral’s extraction and trade.

Copper, which plays a key role in industrial production and infrastructure development, is priced at 6.04 US dollars per pound on the world market. 

Locally, this is equivalent to 34.82 TZS per gram at world market conversion, while the Mineral Market Price is 31.34 TZS per gram. 

The Buying Centre Price for copper stands at 30.65 TZS per gram, reflecting slight adjustments after regulatory deductions.

The Mining Commission noted that the Mineral Market Price reflects the value after applying government levies, including royalties and inspection charges, while the Buying Centre Price represents the final amount paid to miners at official purchasing centres across the country.

The sustained high price of gold continues to provide strong incentives for investment in the mining sector, especially for small-scale miners who rely on stable and predictable pricing. 

Meanwhile, the moderate performance of silver and copper supports diversification within the sector, contributing to broader economic activity linked to minerals.

Overall, the April 24, 2026 pricing update highlights a stable and well-regulated mineral market, with Tanzania continuing to align its pricing framework with global market trends while ensuring fair returns for local miners.