Mineral indicative prices for June 17, 2026

 

The Mining Commission has released the official mineral indicative prices for June 17, 2026, providing updated reference values for gold, silver, and copper in both international and local markets. 

The prices serve as a key guide for mineral traders, mining companies, and buying centres across Tanzania, helping to ensure transparency and stability in mineral transactions.

The latest update shows continued strength in global precious metal markets, with gold maintaining high value levels driven by strong international demand and economic uncertainties. 

According to the Commission, the world market price of gold has been recorded at 4,358.30 US dollars per troy ounce. In local currency terms, the world market price stands at 370,112.55 Tanzanian shillings per gram.

In the domestic pricing structure, the mineral market price for gold has been set at 333,101.30 Tanzanian shillings per gram, while the buying centre price has been fixed at 325,699.04 Tanzanian shillings per gram. 

These rates are used as reference points for transactions between miners and licensed buyers, ensuring standardized pricing across the country.

For silver, the Mining Commission reports a world market price of 70.55 US dollars per troy ounce. In Tanzanian shillings, the world market price is 5,991.20 shillings per gram. 

The mineral market price for silver has been set at 5,392.08 shillings per gram, while the buying centre price stands at 5,272.25 shillings per gram. 

Silver continues to play an important role in both industrial and investment markets, with demand influenced by electronics manufacturing and renewable energy technologies.

Copper prices also remain significant in the latest update, reflecting global industrial demand. The world market price of copper has been recorded at 6.48 US dollars per pound. In local currency terms, this translates to 37.73 Tanzanian shillings per gram. 

The mineral market price for copper is 33.96 Tanzanian shillings per gram, while the buying centre price is 33.21 Tanzanian shillings per gram. 

Copper remains a critical metal in construction, electrical systems, and industrial manufacturing, making its price movements closely watched by stakeholders in the mining sector.

The Mining Commission continues to emphasize that these indicative prices are essential in guiding fair mineral trade and protecting both miners and buyers from price manipulation. 

By setting clear benchmarks for world market prices, mineral market prices, and buying centre prices, the Commission ensures that Tanzania’s mineral sector operates with transparency and efficiency.

The release of updated prices also reflects the government’s broader efforts to strengthen the mining sector as a key contributor to the national economy. 

The sector has continued to attract investment, improve regulation, and expand formal participation among small-scale miners.

Stakeholders in the mining industry are encouraged to regularly check the official updates from the Mining Commission and adhere to the published rates when conducting transactions. 

The Commission has also reiterated its commitment to ensuring that all mineral trading activities are conducted within legal frameworks and contribute to national development.

With global commodity markets remaining dynamic, the indicative prices are expected to continue guiding fair trade practices while supporting the stability and growth of Tanzania’s mining industry.