The Mining Commission of Tanzania has released updated mineral indicative prices for gold, silver, and copper for June 5, 2026, providing important guidance to miners, traders, and buyers in the local and international markets.
The new price bulletin reflects current global market trends and helps ensure transparency and fair trade in the mineral sector.
According to the Commission, gold continues to record strong international value. The world market price of gold has been set at 4,523.70 US dollars per troy ounce, which translates to 381,003.94 Tanzanian shillings per gram.
The mineral market price stands at 342,903.54 shillings per gram, while the official buying centre price is 335,283.46 shillings per gram.
The figures indicate a stable demand for gold in global markets, reinforcing its position as one of the most valuable minerals traded by Tanzania.
For silver, the Commission reports a world market price of 73.92 US dollars per ounce. In Tanzanian shillings, the world market price is 6,225.84 per gram.
The mineral market price has been set at 5,603.25 shillings per gram, while the buying centre price is 5,478.74 shillings per gram.
Silver continues to play an important role in industrial use, including electronics and renewable energy technologies, contributing to steady demand.
Copper prices have also been updated, reflecting its importance in industrial development and clean energy systems.
The world market price of copper is 6.52 US dollars per pound, equivalent to 37.66 Tanzanian shillings per gram.
The mineral market price is 33.89 shillings per gram, while the buying centre price stands at 33.14 shillings per gram. Copper remains a key mineral in electrical infrastructure, construction, and manufacturing sectors.
The Mining Commission emphasized that these indicative prices are intended to guide fair mineral transactions between miners and buyers across the country.
They also help ensure that Tanzania benefits fairly from its mineral resources while maintaining alignment with global market movements.
By regularly publishing such price updates, the Commission strengthens transparency in the mining sector and supports both small-scale and large-scale miners in making informed business decisions.
The system also contributes to government efforts to improve revenue collection and promote sustainable mining practices.
The latest price bulletin is part of ongoing efforts to modernize Tanzania’s mining industry and ensure that mineral trade remains competitive, well-regulated, and beneficial to the national economy.
