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Gold prices in Tanzania have remained strong after the country's official indicative buying price exceeded Tsh 300,000 per gram, reflecting continued gains in the international precious metals market.
According to the latest mineral indicative prices released by the Mining Commission on June 30, 2026, the world market price of gold reached USD 4,055.21 per troy ounce, equivalent to Tsh 343,750.54 per gram.
The Commission set the mineral market price for gold at Tsh 309,375.49 per gram, while the official buying centre price stood at Tsh 302,500.48 per gram.
The high prices are expected to benefit Tanzania's artisanal and small-scale miners, licensed mineral traders and gold buying centres by increasing earnings from gold sales.
The trend also strengthens the mining sector's contribution to foreign exchange earnings and government revenue.
Silver also posted strong prices in the latest update. The world market price was recorded at USD 57.71 per troy ounce, equivalent to Tsh 4,891.94 per gram.
The mineral market price was set at Tsh 4,402.75 per gram, while the buying centre price reached Tsh 4,304.91 per gram.
Copper prices also remained firm despite being significantly lower than those of precious metals. The world market price stood at USD 6.11 per pound, equivalent to Tsh 35.52 per gram.
The mineral market price was Tsh 31.96 per gram, while buying centres were advised to purchase the metal at Tsh 31.25 per gram.
The Mining Commission regularly publishes indicative mineral prices to promote transparency in mineral trading and ensure miners receive fair market value based on prevailing international prices. The prices serve as a reference for mineral buying centres and licensed traders across the country.
