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The Mining Commission has set the indicative international market price of gold at TZS353,627.74 per gram for October 21, 2026, while the indicative buying centre price stands at TZS311,192.41 per gram.
The daily price benchmarks provide reference points for transactions involving gold, silver and copper, with the figures reflecting different price levels across international markets, domestic mineral markets and buying centres.
According to the commission’s indicative prices, gold is valued at $4,149.32 per troy ounce on the international market, equivalent to TZS353,627.74 per gram.
The indicative price at mineral markets is TZS318,264.97 per gram, while buying centres have a benchmark of TZS311,192.41 per gram.
The difference between the international market benchmark and the buying centre price is TZS42,435.33 per gram, highlighting the gap between the two reference prices.
For silver, the international market price stands at $57.62 per troy ounce, equivalent to TZS4,910.69 per gram.
The commission places the indicative mineral market price for silver at TZS4,419.62 per gram, while the buying centre benchmark is TZS4,321.41 per gram.
Copper is priced at $6.61 per pound on the international market, equivalent to TZS38.63 per gram. Its indicative price at mineral markets is TZS34.77 per gram, compared with TZS34 at buying centres.
The prices offer reference points for mineral traders and other stakeholders assessing the value of the three minerals across different market levels.
For small-scale miners, particularly those selling gold through buying centres, the buying price is an important benchmark when evaluating the proceeds from mineral sales.
However, the actual amount received may depend on factors such as mineral purity, weight and applicable transaction terms.
The figures also illustrate the differences between international market valuations and domestic buying benchmarks, although the indicative prices alone do not establish the reasons for those differences.
The commission publishes indicative mineral prices to guide market transactions. Miners and traders should therefore consider the applicable price category and the quality of their minerals when assessing potential earnings.
The figures are for October 21, 2026, and may change as international commodity prices and exchange rates fluctuate.