The Mining Commission has released the latest indicative prices for key minerals in Tanzania, revealing continued strength in gold, silver, and copper markets. According to the official report, gold remains the highest-valued mineral, reflecting its resilience on global markets.
Gold is trading at $4,691.00 per troy ounce on the world market, equivalent to 392,603.07 TZS per gram.
Local mineral markets have adjusted to reflect international trends, with the Mineral Market Price at 353,342.77 TZS/g and local buying centers offering 345,490.71 TZS/g.
Silver is currently priced at $72.90 per troy ounce globally, translating to 6,101.21 TZS per gram. The local market and buying centers offer 5,491.09 TZS/g and 5,369.06 TZS/g, respectively.
Copper, traded in pounds internationally, stands at $5.56 per pound, or 31.91 TZS per gram. Local mineral market rates are 28.72 TZS/g, while buying centers offer 28.08 TZS/g.
The report highlights a clear pricing hierarchy: the World Market Price leads, followed by the Mineral Market Price, and finally the Buying Centre Price at local collection points.
This tiered structure ensures transparency in mineral trade while reflecting both international trends and local market realities.
Investors and traders are encouraged to monitor these indicative prices closely, as they guide negotiations and transactions across the country’s mining sector.
