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Tanzania's Mining Commission has released new indicative mineral prices effective July 1, 2026, with gold continuing its remarkable rally on the international market by trading above $4,000 per troy ounce, while silver and copper also maintained firm prices.
According to the latest price bulletin, the world market price of gold reached $4,046.74 per troy ounce, equivalent to TZS 343,242.03 per gram.
The commission set the mineral market price at TZS 308,917.83 per gram, while the buying centre price stands at TZS 302,052.99 per gram.
The updated prices provide guidance for mineral transactions across the country and are used as reference values in the mining industry, particularly by licensed mineral markets and buying centres.
Silver also posted strong prices in the latest update. The world market price was recorded at $58.80 per troy ounce, translating to TZS 4,987.38 per gram.
The mineral market price was set at TZS 4,488.64 per gram, while the buying centre price was fixed at TZS 4,388.89 per gram.
Copper, another key industrial mineral, remained stable. The commission indicated the world market price at $6.19 per pound, equivalent to TZS 36.00 per gram.
The mineral market price was listed at TZS 32.40 per gram, while the buying centre price was TZS 31.68 per gram.
The Mining Commission publishes indicative mineral prices regularly to promote transparency in mineral trading, ensure fair pricing for miners and traders, and provide a benchmark for mineral markets operating across Tanzania.
The latest figures reflect continued strength in global precious metal markets, with gold maintaining record-high levels amid sustained international demand, while silver and copper continue to benefit from industrial and investment interest.
