.jpeg)
Gold prices in Tanzania have climbed sharply, with the latest indicative prices released by the Mining Commission showing the mineral market price has risen above Sh313,000 per gram, reflecting continued strength in international bullion markets.
According to the commission's mineral indicative prices for June 29, 2026, the world market price of gold reached $4,105.60 per troy ounce, equivalent to Sh348,630.50 per gram in the local market.
The commission set the mineral market price at Sh313,767.45 per gram, while the buying centre price stood at Sh306,794.84 per gram.
The increase is expected to benefit thousands of artisanal and small-scale miners across the country, as higher gold prices generally translate into improved earnings and increased foreign exchange receipts from mineral exports.
Silver prices also remained firm. The world market price was quoted at $59.30 per troy ounce, translating to Sh5,035.51 per gram.
The mineral market price was set at Sh4,531.96 per gram, while the buying centre price stood at Sh4,431.25 per gram.
Copper also posted favourable prices, with the world market price reaching $6.13 per pound, equivalent to Sh35.69 per gram.
The mineral market price was listed at Sh32.12 per gram, while buying centres were advised to purchase the metal at Sh31.41 per gram.
The Mining Commission publishes daily indicative mineral prices to provide transparency in mineral trading and ensure miners and licensed buying centres conduct transactions based on prevailing market conditions.
The prices serve as a benchmark for mineral dealers, exporters and small-scale miners across Tanzania.
The continued strength in international commodity markets comes as demand for precious metals remains robust, driven by investor interest in safe-haven assets and sustained industrial demand for metals such as copper, which is widely used in construction, renewable energy and electric vehicle manufacturing.
