Mineral indicative prices for May 06, 2026

The Mining Commission has released the indicative mineral prices for May 06, 2026, providing updated reference values for gold, silver, and copper in both international and local markets. 

The prices are used as guidance for mineral trading across Tanzania, particularly at buying centres and mineral markets, where actual transaction values may vary depending on market conditions and point of sale.

According to the latest announcement, gold continues to maintain strong value in the global market. The world market price for gold has been set at 4,662.50 US dollars per troy ounce. 

When converted into Tanzanian Shillings, the world market price stands at 391,560.96 TZS per gram. 

However, within the domestic mineral market, the indicative price of gold is 352,404.86 TZS per gram, while the buying centre price is 344,573.64 TZS per gram. 

These variations reflect deductions linked to processing, handling, and market operations at different stages of the supply chain.

Silver prices have also been updated, showing steady performance in the global commodities market. The world market price of silver is 75.65 US dollars per troy ounce. 

In Tanzanian Shillings, the global benchmark is 6,353.16 TZS per gram. Within local trading systems, the mineral market price is 5,717.84 TZS per gram, while the buying centre price is slightly lower at 5,590.78 TZS per gram. 

The differences between the prices reflect similar market and operational adjustments applied within the domestic mineral value chain.

Copper, which remains an important industrial mineral, has also recorded updated indicative values. The world market price is set at 5.97 US dollars per pound. 

When converted, the world market price stands at 34.38 TZS per gram. In the domestic market system, the mineral market price is 30.94 TZS per gram, while the buying centre price is 30.25 TZS per gram. These figures continue to reflect global industrial demand trends and local market adjustments.

The Mining Commission emphasized that these prices are indicative and are meant to guide stakeholders in the mineral sector, including miners, traders, and buying centres. 

Actual transaction prices may differ depending on negotiations, mineral quality, and prevailing market conditions at the time of sale.

The Commission further reminded all mineral stakeholders to ensure compliance with official pricing guidelines and to engage only in licensed trading channels. 

This is part of ongoing efforts to promote transparency, accountability, and fair trade within the mining sector.

Mineral prices are regularly reviewed to reflect changes in global commodity markets, currency fluctuations, and domestic economic conditions. 

The Commission has encouraged stakeholders to stay updated through official communication channels.

For more details and official updates, stakeholders and the public are advised to visit the Mining Commission’s website at www.tumemadini.go.tz.