DODOMA, April 27 -- The Minister for Minerals, Anthony Mavunde, has said that global mineral trade trends continue to shift due to economic, political, and market demand changes, leading to a significant rise in gold prices to 4,190.47 US dollars from 2,655.80 US dollars in the previous period.

He noted that the increase in gold prices is driven by several factors, including rising global demand for the mineral as a safe store of value amid instability in the global economy.

Mavunde made the remarks on April 27, 2026, in Parliament in Dodoma while presenting the Ministry of Minerals budget proposals for the 2026/2027 financial year.

Regarding diamonds, the Minister said prices have continued to decline, averaging 159.84 US dollars betw...