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The Tanzania Mining Commission has released new indicative mineral prices for May 11, 2026, showing continued strength in global gold prices while silver and copper also maintained stable performance in international markets.
According to the latest figures, the global market price for gold reached 4,756.40 US dollars per troy ounce, equivalent to 399,411.59/- per gram in the local market exchange rate.
The indicative buying price at mineral purchasing centres in Tanzania has been set at 351,482.20/- per gram.
The commission’s report also showed that silver was trading at 80.64 US dollars per troy ounce on the world market, translating to 6,771.62/- per gram locally. The buying price at local mineral centres was placed at 5,959.03/- per gram.
For copper, the international market price stood at 6.24 US dollars per pound, equivalent to 35.93/- per gram in Tanzania, while local buying centres were advised to purchase the mineral at 31.62/- per gram.
The Mining Commission explained that differences between international market prices and local buying rates are caused by several factors, including refining costs, transport expenses, operational charges and government taxes.
The indicative prices are issued regularly to guide mineral traders, miners and buying centres across the country, while also promoting transparency in the mining sector.
Gold continues to remain Tanzania’s leading mineral export, contributing significantly to foreign exchange earnings and supporting the livelihoods of thousands of small-scale miners across the country.
The Mining Commission urged stakeholders in the mining value chain to continue following official price updates to ensure fair trade and compliance with national mining regulations.
