The latest figures show that gold is trading at USD4,061.06 per troy ounce, reflecting its strong value on the global market and providing a benchmark for domestic mineral trading.
However, prices vary across the domestic market, with the mineral market rate set at TZS312,183.73 per gram, while authorised buying centres are offering TZS305,246.31 per gram.
The difference between international benchmarks and local buying-centre rates highlights the importance of understanding the pricing categories when miners and other mineral traders negotiate sales.
Silver is also trading at relatively high levels, with the international market price standing at USD52.73 per troy ounce, equivalent to TZS4,503.87 per gram.
The mineral market price for silver is TZS4,053.49 per gram, while the buying-centre rate stands at TZS3,963.41.
Meanwhile, copper, an important industrial metal used in construction, manufacturing and electrical equipment, is trading at USD6.29 per pound on the international market.
Its indicative price is TZS36.84 per gram on the world market, compared with TZS33.16 at the mineral market level and TZS32.42 at buying centres.
The Mining Commission publishes indicative prices to provide market benchmarks for mineral transactions and guide stakeholders in the country's mineral trading activities.
The three pricing categories reflect different stages of the market. World market prices provide international benchmarks, mineral market prices represent domestic valuations, while buying-centre prices indicate the rates applicable at authorised local purchasing points.
The latest figures provide miners, mineral traders and other stakeholders with a reference point for assessing the value of their minerals and making informed trading decisions.
Further information on mineral prices and regulatory updates is available through the Mining Commission's website, www.tumemadini.go.tz.