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The Mining Commission has released the latest indicative mineral prices for May 22, 2026, showing updated world market and local buying centre rates for key minerals including gold, silver, and copper.
The new prices are expected to guide traders, miners, exporters, and buying centres across the country in determining fair market transactions and strengthening transparency in the minerals sector.
According to the announcement, gold continues to maintain a strong position in the global market. The world market price of gold has been recorded at 4,545.30 US dollars per troy ounce.
When converted into local currency, the world market price stands at 382,795.41 Tanzanian shillings per gram.
The mineral market price has been set at 344,515.87 shillings per gram, while the buying centre price is 336,859.96 shillings per gram.
These figures reflect the Commission’s effort to align local trading with global market trends while ensuring stability in domestic mineral transactions.
Silver has also shown notable value in the latest price index. The world market price of silver is 76.61 US dollars per troy ounce.
In Tanzanian shillings, the world market price is 6,451.93 shillings per gram. The mineral market price has been set at 5,806.74 shillings per gram, while the buying centre price stands at 5,677.70 shillings per gram.
The steady pricing of silver highlights its continued importance in both industrial use and investment markets.
Copper, which remains a key industrial metal used in construction, electrical works, and manufacturing, has also been updated in the indicative price list.
The world market price of copper is 6.32 US dollars per pound. In local currency terms, the world market price is 36.50 shillings per gram.
The mineral market price is 32.85 shillings per gram, while the buying centre price has been set at 32.12 shillings per gram.
The pricing reflects ongoing global demand for copper as countries continue to expand infrastructure and energy systems.
The Mining Commission stated that the publication of indicative prices is part of its ongoing mandate to regulate the minerals market, ensure fairness, and protect both miners and buyers from exploitation.
The prices act as a benchmark for transactions across licensed buying centres and mineral markets, helping to reduce price disparities and promote consistency in the sector.
Stakeholders in the mining industry have often emphasized the importance of having clear and updated price indicators, noting that they provide guidance for negotiations and help small-scale miners understand the real value of their minerals in the international market.
The Commission’s regular updates are therefore seen as a critical tool in improving transparency and efficiency in mineral trade.
With global commodity prices continuing to fluctuate due to economic conditions, demand shifts, and currency movements, the Mining Commission’s role in providing timely indicative prices remains essential.
These updates not only support fair trade but also contribute to strengthening government revenue collection and improving investor confidence in Tanzania’s mining sector.
The Commission has encouraged miners and traders to adhere to the official indicative prices and to engage only in licensed buying centres to ensure compliance with national regulations and to support the sustainable growth of the mining industry.
