World gold reference
USD 4,394
−4.9% from 22 Aug 2026 · Mining Commission world column.
Official source
As at · Source: Mining Commission of Tanzania
Gold · Tanzania transmission
What gold is doing for Tanzania
Follow gold through four distinct lenses: its global USD reference, the shilling translation, Tanzania’s reported export reading and the external reserve buffer. Different clocks remain visibly separate.
Official source
As at · Source: Tume ya Madini (Mining Commission of Tanzania); Mineral Indicative Prices
Four readings · two publication clocks
The signal, translated
Gold translated into TZS
TZS 11.61m
KCP translation. The line stays close to world gold because USD/TZS was comparatively stable in this window.
KCP transformation
As at · Source: Mining Commission + BoT; KCP calculation
Gold-export growth
+37.4%
Latest verified year-on-year gold-export movement reported by the Bank of Tanzania.
Official source
As at · Source: Bank of Tanzania Monthly Economic Review
Official FX reserves
USD 6.2bn
4.8 months of projected import cover.
Official source
As at · Source: Bank of Tanzania Monthly Economic Review
Price × currency
What moved the local-currency reference?
The same USD gold move can feel different in Tanzania when USD/TZS changes. Exact-date alignment keeps the two effects legible.
Was the local-currency gold move driven by the metal or the shilling?
Gold and the shilling, rebased
As at 21 Sep 2026 · Source: KCP transformation from Mining Commission and Bank of Tanzania observations. Exact values and method remain in the static evidence table below.
1 · Metal
−4.9%
World gold
USD reference movement
2 · Currency
−0.1%
USD/TZS
Shilling translation
3 · Combined
−4.9%
Gold in TZS
KCP calculated movement
Observed window: 22 Aug 2026 to 21 Sep 2026. The multiplicative TZS result will not equal the simple sum exactly.
Export channel · external buffer
From export reading to reserve context
These are associated official indicators, not a causal bridge. The published observations do not establish that the latest gold-price move caused the reserve stock.
1 · Export reading
+37.4%
Gold exports, year on year · Jul 2026
2 · Reserve stock
$6.2bn
Gross official foreign-exchange reserves · Jul 2026
3 · Import cover
4.8months
Projected import cover · Jul 2026
How did reported gold exports change?
Reported gold-export value
Monthly primary-chart observations · Jan 2023 to Jul 2026
Each point is the rolling 12-month gold-export value printed in one MER edition’s primary exports chart. The latest YoY uses that edition’s prior-year bar; no cross-vintage joins or monthly-flow inference.
As at Jul 2026 · Source: Bank of Tanzania Monthly Economic Review. Exact values and method remain in the static evidence table below.
Complete evidence record · 43 points
| Observation | Gold-export value |
|---|---|
| 2023-01 | 2.904 USD bn |
| 2023-02 | 2.8596 USD bn |
| 2023-03 | 2.8773 USD bn |
| 2023-04 | 2.8469 USD bn |
| 2023-05 | 2.8839 USD bn |
| 2023-06 | 2.9092 USD bn |
| 2023-07 | 2.9392 USD bn |
| 2023-08 | 2.9518 USD bn |
| 2023-09 | 2.9838 USD bn |
| 2023-10 | 2.9877 USD bn |
| 2023-11 | 3.0345 USD bn |
| 2023-12 | 3.0589 USD bn |
| 2024-01 | 3.0759 USD bn |
| 2024-02 | 3.1088 USD bn |
| 2024-03 | 3.1007 USD bn |
| 2024-04 | 3.1335 USD bn |
| 2024-05 | 3.1156 USD bn |
| 2024-06 | 3.1218 USD bn |
| 2024-07 | 3.1479 USD bn |
| 2024-08 | 3.1894 USD bn |
| 2024-09 | 3.2638 USD bn |
| 2024-10 | 3.3089 USD bn |
| 2024-11 | 3.3209 USD bn |
| 2024-12 | 3.3697 USD bn |
| 2025-01 | 3.4656 USD bn |
| 2025-02 | 3.6608 USD bn |
| 2025-03 | 3.7722 USD bn |
| 2025-04 | 3.9007 USD bn |
| 2025-05 | 3.8355 USD bn |
| 2025-06 | 3.8045 USD bn |
| 2025-07 | 3.9779 USD bn |
| 2025-08 | 4.3223 USD bn |
| 2025-09 | 4.4312 USD bn |
| 2025-10 | 4.5965 USD bn |
| 2025-11 | 4.7198 USD bn |
| 2025-12 | 4.6976 USD bn |
| 2026-01 | 4.9007 USD bn |
| 2026-02 | 4.9684 USD bn |
| 2026-03 | 5.2228 USD bn |
| 2026-04 | 5.2689 USD bn |
| 2026-05 | 5.5323 USD bn |
| 2026-06 | 5.5229 USD bn |
| 2026-07 | 5.6707 USD bn |
Reference mechanics
The ~12% relationship is a rule to explain, not a score
USD 1.00World reference
USD 0.88Same-unit buying-centre equivalent
This is a structural reference relationship. KCP converts the source-native TZS-per-gram relationship into the world column’s unit for comparability. It is not evidence of underperformance, an executable arbitrage or a mine-gate transaction price.
KCP transformation
As at · Source: Mining Commission of Tanzania; KCP same-unit conversion
Dated policy context
The central-bank purchase programme
A Bank of Tanzania notice dated 1 October 2024 described world-market pricing, a 20% allocation, 4% royalty, zero inspection fee and BoT-funded refining for its domestic gold purchase programme. These are dated notice terms, not a guarantee of today’s execution.
Read the 1 October 2024 BoT notice →Other mineral references
Which reference moved most on the same dates?
Which official mineral references moved most over the common exact-date window?
World-reference change over the shared window
As at 21 Sep 2026 · Source: KCP transformation from Mining Commission world-reference observations. Exact values and method remain in the static evidence table below.
Silver world reference
67 troy oz
Current Mining Commission world-reference column.
Official source
As at · Source: Mining Commission of Tanzania
Copper world reference
6.62 lb
Current Mining Commission world-reference column.
Official source
As at · Source: Mining Commission of Tanzania
Regulated fuel caps · 2026-09
Dar es Salaam petrol cap: TZS 3,796 / litre
EWURA publishes monthly maximum retail caps. A cap is a regulated ceiling, not a traded commodity price or a forecast.
Inspect the fuel record →Wholesale crops · 2026-08-24
Maize median: TZS 74,500 / 100kg
The national figure is a bulletin-derived median across reporting district markets. Publication is event-driven, and coverage counts remain attached.
Inspect the crop record →