The Mining Commission has released indicative prices for gold, silver and copper for October 24, 2026, providing miners, mineral traders and other stakeholders with a reference for assessing mineral values in the local market.
The price guide outlines indicative values at international markets, domestic mineral markets and mineral buying centres, helping stakeholders understand price differences across the trading chain.
According to the figures, gold recorded an international market price of USD 4,032.69 per troy ounce, equivalent to TZS 343,704.70 per gram.
At the domestic level, gold was priced at TZS 309,334.23 per gram in the mineral market, while the indicative price at buying centres stood at TZS 302,460.14 per gram.
Silver was quoted at USD 54.05 per troy ounce on the international market, equivalent to TZS 4,606.66 per gram.
Its indicative domestic mineral market price stood at TZS 4,146 per gram, while buying centres recorded TZS 4,053.86 per gram.
Copper recorded an international market price of USD 6.54 per pound, equivalent to TZS 38.22 per gram.
The indicative price in the domestic mineral market was TZS 34.40 per gram, while the buying-centre price stood at TZS 33.64 per gram.
The published figures offer miners and mineral traders a reference point when assessing transactions, comparing market prices and making informed decisions about mineral sales.
However, actual transaction prices may vary depending on mineral quality, purity, applicable charges and other relevant trading conditions.
The Mining Commission's indicative price guide is therefore an important reference for stakeholders seeking to understand daily mineral market valuations and make better-informed trading decisions.