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Gold prices in Tanzania continued their upward trend on June 9, 2026, with the buying centre price reaching Sh323,647.14 per gram, reflecting strong gains in the international market and reinforcing the precious metal’s position as one of the country’s most valuable mineral exports.
Latest indicative prices released by the Mining Commission show that the world market price of gold climbed to $4,354.50 per troy ounce, equivalent to Sh367,780.84 per gram.
The domestic mineral market price was set at Sh331,002.76 per gram, while licensed buying centres offered miners Sh323,647.14 per gram.
The strong performance of gold comes as investors worldwide continue to seek safe-haven assets amid global economic uncertainties, boosting demand and pushing prices to historic levels.
For Tanzania, higher gold prices are expected to translate into increased earnings for artisanal and small-scale miners, as well as greater foreign exchange inflows from mineral exports.
Silver prices also registered notable gains. According to the Mining Commission, the world market price stood at $68.13 per troy ounce, equivalent to Sh5,754.26 per gram.
The mineral market price was recorded at Sh5,178.83 per gram, while buying centres were offering Sh5,063.75 per gram.
Although silver remains less prominent than gold in Tanzania’s mining industry, rising prices could provide additional opportunities for miners involved in the extraction and sale of the metal.
Meanwhile, copper prices remained relatively stable. The world market price was quoted at $6.32 per pound, translating to Sh36.60 per gram.
The mineral market price stood at Sh32.94 per gram, while buying centres offered Sh32.21 per gram.
Copper has increasingly attracted attention globally due to growing demand from the renewable energy sector, electric vehicle manufacturing and infrastructure development projects.
The metal is regarded as a critical mineral in the global energy transition, with demand expected to rise further in the coming years.
The latest mineral price bulletin underscores the continued importance of the mining sector to Tanzania’s economy.
The government has in recent years intensified efforts to formalise mineral trading, establish mineral markets and buying centres, and ensure miners receive fair prices linked to international market trends.
Industry stakeholders say sustained strong prices for gold and other minerals could boost production, encourage investment in the sector and contribute to higher government revenues through royalties, taxes and export earnings.
With global commodity markets remaining volatile, miners and traders will continue to closely monitor international price movements, which play a significant role in determining domestic mineral prices and the profitability of mining operations across the country.
