.jpeg)
The Mining Commission has published the latest mineral indicative prices for April 28, 2026, providing updated benchmarks for gold, silver, and copper in both international and local market measurements.
The announcement plays a key role in guiding miners, traders, and buying centres across the country by offering reference prices that support transparency and fairness in mineral transactions.
The new price bulletin shows continued strength in global metal markets, especially for gold, which remains the most valuable mineral in the latest update.
According to the figures released, the world market price of gold stands at 4,726.65 US dollars per troy ounce. In local currency terms, this translates to 397,389.03 Tanzanian shillings per gram.
The Mining Commission has also set the mineral market price for gold at 357,650.13 shillings per gram, while the buying centre price is 349,702.35 shillings per gram.
These figures indicate a strong international demand for gold, while also reflecting the structured pricing system used within Tanzania’s mineral trading framework.
The difference between world market prices and local buying centre prices is part of the regulatory mechanism that ensures stability, taxation compliance, and fair trade practices in the sector.
Silver prices have also been updated in the latest bulletin, showing steady performance in global markets. The world market price of silver is recorded at 74.83 US dollars per troy ounce.
In Tanzanian shillings, this is equivalent to 6,291.27 per gram. The mineral market price is set at 5,662.14 shillings per gram, while the buying centre price stands at 5,536.32 shillings per gram.
Silver continues to be an important industrial metal used in electronics, solar energy systems, and medical applications.
The updated prices reflect ongoing global demand, while also ensuring that local miners and traders have clear reference points when conducting transactions through official channels.
Copper, another key industrial mineral, has also been included in the latest indicative price update.
The world market price of copper is set at 6.03 US dollars per pound. In Tanzanian currency, this translates to 34.76 shillings per gram.
The mineral market price is 31.29 shillings per gram, while the buying centre price is 30.59 shillings per gram.
Copper remains essential in manufacturing, construction, and electrical infrastructure. Its stable pricing in the latest update reflects steady global industrial demand, particularly as countries continue to invest in energy systems and technology development.
The Mining Commission’s price updates are widely used by stakeholders in the mineral value chain, including small-scale miners, licensed dealers, exporters, and government regulators.
The prices help to standardize transactions and reduce disputes that may arise from market fluctuations or differences in buyer expectations.
By providing indicative prices, the Commission ensures that mineral trading in Tanzania remains aligned with global market trends while also protecting local participants from exploitation.
The system also supports government revenue collection by establishing clear benchmarks for taxation and royalties.
In recent years, Tanzania’s mining sector has continued to expand, contributing significantly to national income and foreign exchange earnings.
The government has placed strong emphasis on formalizing mineral trade, improving monitoring systems, and increasing value addition within the country.
These efforts are intended to ensure that citizens benefit more directly from the country’s rich mineral resources.
The latest price update also highlights the importance of reliable market information in decision-making for miners.
With global commodity prices changing frequently, access to updated indicative prices helps miners plan production, negotiate sales, and manage financial expectations more effectively.
Small-scale miners in particular rely heavily on these official price guidelines when selling their minerals at buying centres.
The structured pricing system helps to create fairness in the market and reduces the risk of unfair pricing practices by intermediaries.
At the same time, the global price trends reflected in the bulletin show the influence of international economic conditions on Tanzania’s mining sector.
Factors such as industrial demand, currency fluctuations, and global supply chains continue to shape mineral values, especially for metals like gold and copper.
The Mining Commission has continued to emphasize the importance of compliance with official trading systems.
All mineral transactions are expected to follow established legal frameworks, including the use of licensed buying centres and adherence to official pricing guidelines.
As Tanzania continues to position itself as a competitive mining destination in Africa, the role of transparent pricing systems remains central.
The updated mineral indicative prices serve not only as a guide for daily transactions but also as a reflection of the country’s broader commitment to orderly and sustainable resource management.
The April 28, 2026 update is expected to be used by stakeholders across the mining sector until the next revision is issued, depending on global market movements and regulatory review.
