.jpeg)
The Mining Commission has released updated indicative mineral prices for May 21, 2026, providing guidance to traders, miners, and buyers in the mineral sector.
The prices reflect global market trends and are meant to promote transparency, fairness, and stability in mineral trading across the country.
According to the update, gold continues to maintain a strong position in the global market. The world market price of gold is recorded at USD 4,552.00 per ounce, equivalent to TZS 382,857.69 per gram.
Locally, the mineral market price is set at TZS 344,571.92 per gram, while the buying centre price stands at TZS 336,914.76 per gram.
For silver, the world market price is listed at USD 75.65 per ounce, translating to TZS 6,362.74 per gram.
The mineral market price is TZS 5,726.46 per gram, while the buying centre price is TZS 5,599.21 per gram.
These figures indicate steady value in silver trading, with adjustments reflecting global market movements.
Copper prices have also been updated, showing a world market price of USD 6.29 per pound. In local terms, this equals TZS 36.28 per gram.
The mineral market price is TZS 32.65 per gram, while the buying centre price is TZS 31.92 per gram.
The pricing structure aims to guide fair transactions between miners and official buying centres.
The Mining Commission continues to play a key role in regulating and standardizing mineral pricing in Tanzania, ensuring that both small-scale and large-scale miners receive clear market guidance.
The indicative prices are also intended to reduce disputes in mineral transactions and strengthen confidence in the mining sector.
Stakeholders in the mining industry are encouraged to follow the official price updates regularly as they reflect global market dynamics and help ensure fair trade practices across the value chain.
