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Gold remains the most valuable of the three minerals covered in Tanzania’s latest indicative price update, with the international market price standing at USD 4,609.95 per troy ounce.
The world market price translates to approximately TZS 393,715.09 per gram. However, Tanzania’s indicative mineral market price for gold is TZS 354,343.58 per gram, while the buying centre price is TZS 346,469.28 per gram.
The figures for August 28, 2026 show a notable difference between international prices and the rates applicable in Tanzania’s domestic mineral trading chain.
Silver is trading at USD 68.98 per troy ounce on the world market, equivalent to about TZS 5,891.27 per gram.
In Tanzania, the indicative mineral market price is TZS 5,302.14 per gram, while the buying centre price stands at TZS 5,184.32 per gram.
Copper, meanwhile, is quoted at USD 6.59 per pound on the world market, translating to about TZS 38.59 per gram.
Its indicative mineral market price in Tanzania is TZS 34.73 per gram, compared with a buying centre price of TZS 33.96 per gram.
The comparison shows that buying centre prices for all three minerals remain below their corresponding international market equivalents.
For gold, the buying centre rate is about 12 per cent below the converted international price, while the gap for silver is also around 12 per cent. Copper follows a similar pattern.
The differences reflect the various factors that influence domestic mineral prices, including market conditions, trading and processing costs, taxes, royalties and other charges along the mineral value chain.
For miners, traders and other participants in the sector, indicative prices provide an important reference when assessing the value of minerals and negotiating transactions through formal trading channels.
Gold’s significantly higher value compared with silver and copper also highlights its continued importance to Tanzania’s mining industry and the broader economy.
The country has increasingly focused on strengthening formal mineral trading and ensuring that miners receive prices that reflect prevailing market conditions.