Mineral indicative prices for June 03, 2026

The Mining Commission has released the latest indicative mineral prices for gold, silver and copper, reflecting current global market movements and providing guidance for traders, miners and buying centres across Tanzania.

According to the new bulletin, gold continues to maintain a strong position in the international market, with the world market price recorded at USD 4,530.82 per troy ounce. 

In Tanzanian shillings, the world market price stands at TZS 381,658.97 per gram. The mineral market price has been set at TZS 343,493.07 per gram, while the buying centre price is TZS 335,859.89 per gram. 

The Commission noted that these figures are intended to guide fair transactions within the domestic mineral trading system while aligning with global benchmarks.

Silver has also recorded significant value in the latest update, with the world market price standing at USD 76.26 per troy ounce. In local currency terms, the world market price is TZS 6,423.85 per gram. 

The mineral market price has been set at TZS 5,781.47 per gram, while buying centres are offering TZS 5,652.96 per gram. 

The Commission emphasized that silver remains an important precious metal for both industrial use and investment, and its pricing continues to reflect global demand trends.

For copper, the Commission reported a world market price of USD 6.63 per pound. In Tanzanian shillings, the world market price is TZS 38.30 per gram. The mineral market price is TZS 34.47 per gram, while the buying centre price stands at TZS 33.70 per gram. 

Copper continues to play a critical role in industrial development, particularly in electrical infrastructure and manufacturing sectors, making its price movements closely watched by both local and international stakeholders.

The Mining Commission has stated that the issuance of indicative mineral prices is part of its ongoing efforts to ensure transparency, stability and fairness in the mineral trading sector. 

By regularly updating these prices, the Commission aims to protect miners from exploitation, support orderly market operations, and enhance government revenue collection from the mining industry.

Stakeholders in the mining sector are encouraged to adhere to the published rates when conducting transactions through licensed buying centres, as the prices serve as official reference points for mineral trade in the country.