Gold prices in Tanzania have continued their upward trend, with the latest indicative prices released by the Mining Commission showing that gold is now being purchased at up to TZS 338,370.80 per gram at designated buying centres across the country.
According to the indicative mineral prices issued on June 1, 2026, the international market price of gold reached USD 4,560.95 per troy ounce, translating to TZS 384,512.27 per gram in the local market.
The mineral market price was set at TZS 346,061.05 per gram, while the buying centre price stood at TZS 338,370.80 per gram.
The strong performance of gold reflects sustained demand in international markets, where investors continue to view the precious metal as a safe-haven asset amid global economic uncertainties.
Silver prices also recorded gains, with the world market price reaching USD 75.79 per troy ounce. Locally, this translated to TZS 6,389.50 per gram, while the mineral market price was TZS 5,750.55 per gram. Buying centres were purchasing silver at TZS 5,622.76 per gram.
Copper, another key mineral in the global commodities market, was trading at USD 6.35 per pound internationally.
In Tanzania, the world market equivalent price stood at TZS 36.71 per gram, while the mineral market price was TZS 33.04 per gram. Buying centres were offering TZS 32.30 per gram.
The Mining Commission publishes indicative mineral prices regularly to guide mineral trading activities and promote transparency in the sector.
The prices serve as a reference for miners, traders and investors while helping ensure fair transactions across mineral markets and buying centres.
Mining remains one of Tanzania’s leading foreign exchange earners and a key contributor to economic growth, employment creation and government revenue.
The sector has witnessed increased participation from small-scale miners in recent years, particularly in gold-producing regions such as Geita, Shinyanga, Mara and Katavi.
Industry stakeholders say continued strength in global commodity prices could provide an opportunity for Tanzania to further increase mineral exports and strengthen the contribution of the mining sector to the national economy.
