The Mining Commission of Tanzania has released the indicative mineral prices for gold, silver, and copper as of May 19, 2026.
The announcement provides updated reference prices that compare global market values with domestic mineral market and buying centre rates, aiming to guide miners, traders, and other stakeholders in ensuring fair and transparent mineral transactions.
According to the released data, gold continues to lead in value among the three minerals. The world market price for gold is TZS 385,093.19 per gram, equivalent to USD 4,580.40 per troy ounce.
On the domestic side, the mineral market price stands at TZS 346,583.87 per gram, while buying centres are offering around TZS 338,882.01 per gram.
For silver, the global market price is TZS 6,436.72 per gram, equivalent to USD 76.56 per troy ounce. The mineral market price in the local market is set at TZS 5,793.04 per gram, with buying centres offering approximately TZS 5,664.31 per gram.
Copper, which is widely used in construction and industrial applications, is priced at TZS 36.09 per gram on the world market, equivalent to USD 6.26 per pound.
Locally, the mineral market price is TZS 32.48 per gram, while buying centres are purchasing at about TZS 31.76 per gram.
The data shows a consistent gap between global prices and local buying rates, reflecting deductions linked to operational costs such as transportation, refining, and handling within the mineral value chain.
Despite these differences, the pricing structure is intended to ensure that miners receive fair compensation while maintaining stability and efficiency in the domestic market.
The Mining Commission noted that these indicative prices serve as official benchmarks for mineral transactions across the country and may be reviewed periodically in line with changes in global market conditions.
Miners and traders are encouraged to adhere to the published rates to promote transparency and reduce the risk of unfair pricing in the sector.
Overall, the update highlights the continued importance of the mining sector in Tanzania’s economy, as it remains a key contributor to export earnings and national revenue generation.
