.jpeg)
The Mining Commission has set the indicative buying price of gold at TZS314,826.54 per gram, while silver will be bought at TZS4,321.55 per gram, according to prices published on October 19, 2026.
The latest indicative prices provide miners and traders with a benchmark for assessing mineral values and negotiating transactions at buying centres, amid continued interest in Tanzania’s mineral sector.
The commission’s price bulletin shows that gold’s world market price stood at $4,204.20 per troy ounce, equivalent to TZS357,757.44 per gram.
The indicative mineral market price was TZS321,981.69 per gram, compared with the buying centre price of TZS314,826.54 per gram.
The difference between the world market benchmark and the buying centre price reflects the gap between international market valuations and the indicative price available at local buying centres.
For silver, the world market price was $57.71 per troy ounce, equivalent to TZS4,910.85 per gram. The mineral market price stood at TZS4,419.76 per gram, while the buying centre price was TZS4,321.55 per gram.
Copper was listed at $6.62 per pound on the world market, equivalent to TZS38.63 per gram. Its indicative mineral market price was TZS34.77 per gram, while the buying centre price stood at TZS33.99 per gram.
The figures highlight differences between international benchmarks and indicative local prices for the three minerals.
For small-scale miners, who play an important role in Tanzania’s gold production, published prices can help guide sales decisions and provide a reference point when comparing offers from buyers.
However, the indicative prices should not automatically be interpreted as guaranteed payments to individual miners. Actual proceeds may depend on factors such as mineral purity, quality, applicable charges and the terms of a transaction.
The Mining Commission publishes mineral indicative prices through its official platforms. Miners and traders can consult the commission’s website, www.tumemadini.go.tz, for the published rates.