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Gold prices in Tanzania continued their upward trend on May 13, 2026, with the Mineral Market Price reaching Sh356,576.73 per gram, according to the latest indicative prices released by the Tanzania Mining Commission.
The Commission’s data showed that the world market price of gold stood at 4,719.81 US dollars per troy ounce, equivalent to Sh396,196.36 per gram in the local market. Buying centres across the country were trading gold at an indicative price of Sh348,652.80 per gram.
The rise reflects continued strength in the global precious metals market, where investors are increasingly turning to gold as a safe-haven asset amid economic uncertainty and currency fluctuations.
Silver prices also recorded steady performance, with the world market price reaching 86.93 US dollars per troy ounce.
In Tanzania, the metal traded at Sh7,297.19 per gram on the world market equivalent, while the Mineral Market Price stood at Sh6,567.47 per gram. Buying centres were purchasing silver at around Sh6,421.53 per gram.
Copper prices also remained stable, with the global market price standing at 6.53 US dollars per pound. Locally, the world market equivalent was Sh37.59 per gram, while the Mineral Market Price was Sh33.83 per gram. Buying centres offered approximately Sh33.08 per gram.
The indicative prices published by the Mining Commission are used as a benchmark for mineral trading centres and licensed dealers across the country.
The prices help ensure transparency in the mining sector while protecting miners from unfair market practices.
Tanzania has continued to strengthen its mining industry under ongoing reforms aimed at increasing revenue collection, improving formal mineral trading and enhancing the contribution of the sector to the national economy.
