Situation of the gold price in the Tanzanian local market
Today the situation in the Tanzanian gold market is very different from what many buyers who set up an office for trading purpose imagine it to be.
Licensed, local miners are certainly not desperate to sell for discounted prices nowadays. The governments official and daily released local market prices, which usually serve as a guideline, do not reflect the prices on ground. In reality the highest bider makes the price.
As a result during the last weeks raw gold was sold in Dar Es Salaam via the official Mineral trading center NHC for LBMA spot +50$ premium leaving no margin for traders who do not intend to either hold or add value to the precious commodity.
#Tanzania #gold #market
МВА, АССА DipIFR, СIMA, Diploma in Advanced Islamic Finance
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