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Gold prices in Tanzania remained at historically high levels on August 1, 2026, with the buying centre price reaching TZS 305,957.53 per gram, according to the latest indicative prices released by the Mining Commission.
The world market price for gold stood at USD 4,067.20 per troy ounce, equivalent to TZS 347,679.01 per gram.
The commission's data show that the indicative mineral market price for gold was TZS 312,911.11 per gram, highlighting the continued strength of the precious metal in global markets amid sustained investor demand.
Silver prices also remained firm. The world market price was recorded at USD 57.73 per troy ounce, translating to TZS 4,934.97 per gram, while the mineral market price stood at TZS 4,441.47 per gram. Buying centres were advised to purchase silver at TZS 4,342.77 per gram.
For copper, the world market price reached USD 6.46 per pound, equivalent to TZS 37.87 per gram. The indicative mineral market price was set at TZS 34.08 per gram, while the buying centre price stood at TZS 33.32 per gram.
The latest figures underline the continued importance of the mining sector to Tanzania's economy, particularly gold, which remains the country's leading mineral export and a major source of foreign exchange earnings.
Higher international prices have continued to boost revenues for miners, traders and the government through royalties and related taxes.
Mining stakeholders use the indicative prices published by the Mining Commission as a benchmark for transactions at mineral markets and buying centres across the country, helping to promote transparency and ensure miners receive prices that reflect prevailing international market conditions.
