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The Mining Commission has released its Mineral Indicative Prices for May 18, 2026, showing updated values for gold, silver, and copper in both the world market and local buying centres.
The prices provide guidance to miners, traders, and investors in the mineral sector on the expected value of minerals in domestic and international markets.
According to the report, gold continues to maintain a strong position in the global market. The world market price for gold has been set at USD 4,556.20 per ounce. In Tanzanian shillings, the world market price is TZS 382,819.82 per gram.
The mineral market price has been set at TZS 344,537.84 per gram, while the buying centre price stands at TZS 336,881.45 per gram.
These figures reflect the continued high value of gold and its importance to Tanzania’s mining industry, which remains one of the leading contributors to foreign exchange earnings.
Silver prices have also been updated, showing steady performance in the global market. The world market price of silver is USD 78.74 per ounce. In local currency, the world market price is TZS 6,615.87 per gram.
The mineral market price is TZS 5,954.28 per gram, while the buying centre price is TZS 5,821.97 per gram. The figures indicate that silver remains a valuable mineral, with consistent demand in both industrial and investment markets.
Copper, which is widely used in construction and electrical industries, has also recorded stable indicative prices. The world market price is USD 6.60 per pound. In Tanzanian shillings, the world market price is TZS 38.03 per gram.
The mineral market price is TZS 34.22 per gram, while the buying centre price is TZS 33.46 per gram.
The pricing reflects copper’s importance in supporting industrial development and infrastructure projects both locally and globally.
The Mining Commission regularly issues indicative prices to ensure transparency and fairness in mineral trading across the country.
These prices act as a benchmark for transactions between miners and licensed buyers, helping to reduce disputes and ensure that small-scale miners receive fair value for their production.
The latest figures also highlight the impact of global market trends on local mineral pricing. Changes in international demand, currency fluctuations, and industrial consumption continue to influence the value of minerals such as gold, silver, and copper.
As a result, local prices are adjusted to reflect global movements while maintaining stability for domestic stakeholders.
Tanzania’s mining sector continues to play a key role in economic growth, with minerals contributing significantly to export earnings.
The Mining Commission’s price updates are expected to guide stakeholders in making informed decisions and strengthening efficiency within the mineral value chain.
As global markets remain dynamic, miners and traders are encouraged to stay updated with official price releases to ensure compliance and maximize benefits from mineral trading activities.
