The indicative world market price of gold has reached TZS357,063.55 per gram, offering a key reference point for Tanzania’s miners and mineral traders amid continued demand for precious metals.
According to indicative mineral prices released by the Mining Commission on October 13, 2026, gold’s world market price stands at $4,199.60 per troy ounce, while the indicative mineral market price in Tanzania is TZS321,357.20 per gram.
The commission set the indicative buying centre price at TZS314,215.93 per gram, providing a benchmark for transactions between miners and authorised mineral buying centres.
The published rates distinguish between international market prices, domestic mineral market prices and buying centre prices, giving miners and traders reference points when negotiating transactions.
Silver was quoted at $60.63 per troy ounce, equivalent to TZS5,154.96 per gram at the world market level. Its indicative domestic mineral market price was TZS4,639.46 per gram, while buying centres were guided by a rate of TZS4,536.36 per gram.
Copper’s world market price stood at $6.74 per pound, equivalent to TZS39.28 per gram. The indicative mineral market price was TZS35.35 per gram, while the buying centre price was TZS34.56 per gram.
The rates cover three important metals in Tanzania’s mineral trade, with gold providing the highest value per unit by a substantial margin.
For small-scale miners, the indicative prices can help inform sales negotiations and improve their understanding of how international market values translate into domestic buying prices. However, the published figures are reference rates and should not automatically be interpreted as the final amount payable for every mineral consignment.
Actual proceeds may depend on factors such as mineral purity, weight, applicable charges and the terms of a particular transaction.
The Mining Commission publishes indicative mineral prices through its official platforms as part of the framework governing mineral trading in Tanzania.
The latest figures highlight the importance of transparent pricing in a sector that contributes to export earnings, government revenue and livelihoods in mining communities.