Gold buying centres in Tanzania are offering indicative prices of up to TZS314,974.62 per gram, while silver is priced at TZS4,559.37 per gram, according to the Mining Commission’s latest mineral price data released on October 12, 2026.
The figures provide a reference for miners and mineral traders negotiating sales, with gold continuing to command substantially higher prices than other minerals covered in the commission’s daily indicative price schedule.
The commission put the international gold price at $4,210.60 per troy ounce, equivalent to TZS357,925.71 per gram. However, the indicative mineral market price was TZS322,133.14 per gram, while buying centres were offering TZS314,974.62.
The difference between the international market benchmark and the buying centre price is TZS42,951.09 per gram, reflecting the gap between the global reference price and the indicative amount available to sellers at buying centres.
For silver, the international market price stood at $60.95 per troy ounce, equivalent to TZS5,181.11 per gram. The indicative mineral market price was TZS4,663 per gram, while the buying centre price stood at TZS4,559.37.
Copper was quoted at $6.71 per pound on the international market, equivalent to TZS39.13 per gram. Its indicative mineral market price was TZS35.22 per gram, while buying centres were offering TZS34.43.
The prices highlight the importance of official benchmarks in helping miners assess the value of their mineral output and compare offers from buyers.
For small-scale miners, the buying centre price is particularly relevant because it provides an indication of the amount they may receive when selling their production. Actual proceeds can depend on factors such as mineral purity, quality, applicable deductions and transaction terms.
The Mining Commission publishes indicative mineral prices through its official platform, providing market information for participants in the country’s mining sector.
The latest figures come as Tanzania continues to promote mineral production and local participation in the sector, particularly among small-scale miners, whose earnings depend partly on the prices they secure for their output.
The commission’s figures are indicative prices rather than a guarantee that every miner will receive the quoted amount in an individual transaction.