The Mining Commission has released the indicative mineral prices for June 24, 2026, providing updated reference rates for gold, silver, and copper used in the domestic and international minerals market.
The announcement serves as a key guide for traders, miners, and buying centres in determining fair market value and ensuring transparency in mineral transactions across Tanzania.
According to the latest bulletin, gold remains the most valuable mineral on the list, with the world market price recorded at USD 4,171.95 per troy ounce.
In Tanzanian shillings, this translates to TZS 354,732.78 per gram. The indicative mineral market price stands at TZS 319,259.50 per gram, while the buying centre price has been set at TZS 312,164.85 per gram.
These rates reflect continued strength in global gold demand, driven by investment security and industrial use.
Silver prices were also updated, with the world market price recorded at USD 62.50 per troy ounce. In local currency terms, silver is valued at TZS 5,314.25 per gram on the world market.
The indicative mineral market price has been set at TZS 4,782.83 per gram, while buying centres will purchase at around TZS 4,676.54 per gram. The figures indicate stable performance of silver in both industrial and investment markets.
For copper, the world market price has been set at USD 6.14 per pound. In Tanzanian shillings, this is equivalent to TZS 35.80 per gram.
The mineral market price stands at TZS 32.22 per gram, while the buying centre price is TZS 31.50 per gram. Copper continues to be influenced by global demand in construction, electrical infrastructure, and manufacturing sectors.
The Mining Commission said the indicative prices are intended to guide fair trading practices and support transparency in mineral value chains.
The rates are also used by buying centres across the country to standardise purchasing, reduce price disputes, and ensure that miners receive fair compensation in line with global market trends.
Overall, the June 24, 2026 update reflects ongoing movements in international commodity markets, with gold maintaining strong value, silver showing steady performance, and copper continuing to track industrial demand.
The Commission has encouraged stakeholders in the mining sector to adhere to the published rates as a reference point in all transactions.
