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Gold prices declined on July 10, 2026, according to the latest indicative prices released by Tanzania's Mining Commission, reflecting softer international market trends.
The Commission reported that the world market price of gold stood at $4,145.15 per troy ounce, translating to TZS 352,840.51 per gram in the local market.
Based on the official pricing formula, the mineral market price was set at TZS 317,556.46 per gram, while the buying centre price—the benchmark used by licensed mineral buying centres—was TZS 310,499.65 per gram.
The latest figures indicate a continued moderation in gold prices after reaching record highs in recent months, although prices remain significantly above historical averages, continuing to provide favourable returns for Tanzania's artisanal and small-scale miners.
Meanwhile, the Commission also published indicative prices for other key minerals.
Silver was quoted at $60.21 per troy ounce, equivalent to TZS 5,125.15 per gram on the world market. The mineral market price was set at TZS 4,612.64 per gram, while the buying centre price stood at TZS 4,510.13 per gram.
For copper, the world market price was $6.21 per pound, translating to TZS 36.25 per gram. The mineral market price was TZS 32.62 per gram, with licensed buying centres expected to purchase the metal at TZS 31.90 per gram.
The Mining Commission publishes indicative mineral prices regularly to enhance transparency in mineral trading and provide miners, traders and buying centres with reference prices based on prevailing international market conditions and applicable local pricing mechanisms.
