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Gold continued to trade at strong levels in Tanzania, with buying centre prices remaining above TZS 311,000 per gram, according to the latest indicative mineral prices released by the Mining Commission on June 11, 2026.
The Commission's daily price bulletin shows that gold maintained its position as the country's highest-valued mineral, supported by robust international market performance.
The global gold price stood at $4,185.95 per troy ounce, translating to TZS 353,899.07 per gram in the local market.
After adjustments and applicable deductions, the indicative mineral market price for gold was set at TZS 318,509.16 per gram, while the buying centre price reached TZS 311,431.18 per gram.
Silver also recorded relatively strong prices, reflecting continued demand in international markets. The precious metal traded at $64.46 per troy ounce globally, equivalent to TZS 5,449.74 per gram.
The mineral market price was indicated at TZS 4,904.76 per gram, while buying centres were advised to purchase the metal at TZS 4,795.77 per gram.
Copper, an important industrial mineral used in manufacturing, construction and energy infrastructure, maintained stable prices.
The global market price stood at $6.23 per pound, translating to TZS 36.12 per gram locally.
The mineral market price was set at TZS 32.51 per gram, while the buying centre price was indicated at TZS 31.78 per gram.
The Mining Commission noted that international market prices for gold and silver are benchmarked in troy ounces, while copper is traded globally in pounds.
For local transactions, however, all prices are converted into Tanzanian shillings per gram to provide a uniform pricing reference for miners, traders and buying centres across the country.
The latest figures also reveal a consistent pricing structure across the three minerals, with values gradually declining from the international market price to the mineral market price and finally to the buying centre price.
The differences reflect transaction costs, statutory deductions and other market-related factors applied within the local mineral trading system.
Analysts say the continued strength of gold prices is likely to benefit Tanzania's mining sector, particularly artisanal and small-scale miners who account for a significant share of the country's gold production.
Higher gold prices can translate into increased earnings for miners and higher royalty collections for the government.
Tanzania remains one of Africa's leading gold producers, while efforts are also underway to expand exploration and investment in strategic minerals, including copper, to support industrial development and the country's broader economic growth agenda.
The indicative prices are published regularly by the Mining Commission to guide mineral trading activities and enhance transparency in the sector.
They serve as a reference point for miners, dealers, brokers and buying centres operating in various parts of the country.
