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The Mining Commission has released the latest mineral indicative prices for May 15, 2026, showing updated world market and local buying rates for key minerals including gold, silver and copper.
The prices provide guidance to miners, traders and buyers in the mineral sector, helping to improve transparency and ensure fair valuation of minerals in both domestic and international markets.
According to the announcement, gold remains the most valuable mineral, with the world market price recorded at 4,711.10 USD per troy ounce.
In Tanzanian shillings, the world market price stands at 395,616.68 TZS per gram. The mineral market price has been set at 356,055.01 TZS per gram, while the buying centre price is 348,142.68 TZS per gram.
For silver, the world market price has been set at 86.79 USD per troy ounce. In local currency, the world market price is 7,288.23 TZS per gram. The mineral market price is 6,559.41 TZS per gram, while the buying centre price is 6,413.64 TZS per gram.
Copper prices have also been updated, with the world market price recorded at 6.60 USD per pound. In Tanzanian shillings, the world market price stands at 38.00 TZS per gram.
The mineral market price is 34.20 TZS per gram, while the buying centre price is 33.44 TZS per gram.
The Mining Commission said the indicative prices are intended to guide stakeholders in the mineral value chain, ensuring consistency between global market trends and local trading systems.
The updated figures are expected to support fair trade practices, improve revenue collection, and strengthen the mining sector’s contribution to the national economy.
