Gold continued to dominate Tanzania's mineral market on June 18, 2026, maintaining strong prices despite fluctuations in global commodity markets, according to the latest indicative prices released by the Mining Commission.
The commission's daily pricing bulletin shows that gold traded at $4,356.85 per troy ounce on the international market, equivalent to Sh370,209.33 per gram.
Within Tanzania's regulated mineral trading system, the indicative mineral market price stood at Sh333,188.40 per gram, while buying centres offered Sh325,784.21 per gram.
The figures highlight the continued importance of gold as Tanzania's leading mineral export and a key source of income for thousands of artisanal and small-scale miners across the country.
Silver also posted notable values, trading at $69.81 per troy ounce on the world market. This translated to Sh5,931.88 per gram internationally, while the local mineral market price was set at Sh5,338.69 per gram. Buying centres offered Sh5,220.05 per gram.
Copper, an increasingly important industrial mineral due to rising global demand for renewable energy technologies and electric vehicles, recorded a world market price of $6.49 per pound.
In local currency terms, the international equivalent was Sh37.81 per gram, with the mineral market price standing at Sh34.03 per gram and buying centres offering Sh33.28 per gram.
The latest prices continue to reflect Tanzania's established pricing structure, where mineral values move through three distinct levels: the world market price, the mineral market price and the buying centre price.
The system is designed to provide transparency in mineral transactions while taking into account regulatory costs and market conditions.
Gold remained by far the most valuable mineral among those listed, with its international price exceeding Sh370,000 per gram.
The gap between the world market price and buying centre price stood at approximately Sh44,425 per gram, reflecting adjustments made within the domestic trading framework.
Mining remains one of Tanzania's fastest-growing economic sectors, contributing significantly to export earnings, foreign exchange reserves and employment.
The government has continued efforts to formalise mineral trading through registered markets and buying centres, enabling miners to access transparent pricing linked to international market trends.
Industry analysts say sustained strength in gold prices could provide additional income opportunities for miners and boost government revenues through royalties and other mining-related taxes if the trend continues in the coming months.
The Mining Commission publishes indicative mineral prices regularly to guide transactions in mineral markets and buying centres across the country, helping stakeholders track movements in global commodity markets and make informed trading decisions.
