The Mining Commission has released indicative prices for gold, silver and copper for October 31, 2026, providing updated market price guidance for miners, mineral traders and other stakeholders in Tanzania's mining sector.
According to the Commission, the indicative international market price of gold stands at US$3,961.54 per troy ounce, equivalent to TZS 338,097.86 per gram.
At the domestic level, gold is valued at TZS 304,288.07 per gram in the mineral market, while the indicative price at mineral buying centres is TZS 297,526.12 per gram.
For silver, the international market price is US$50.10 per troy ounce, equivalent to TZS 4,275.79 per gram.
The indicative domestic market price is TZS 3,848.21 per gram, while mineral buying centres are guided by a price of TZS 3,762.69 per gram.
Meanwhile, copper is trading at an indicative international price of US$6.55 per pound, equivalent to TZS 38.33 per gram.
Its indicative domestic market price stands at TZS 34.50 per gram, while the price at mineral buying centres is TZS 33.73 per gram.
The published prices provide important market guidance for miners and mineral traders, helping them make informed decisions when selling and purchasing minerals.
The Mining Commission continues to publish indicative mineral prices to promote transparency in mineral trading and support stakeholders in understanding prevailing market values.
Miners and mineral traders are encouraged to use the published rates as a reference when conducting transactions, while considering the applicable mineral quality, purity and other relevant trading requirements.