Tanzania · TZS · June 2020
Gold Price in Tanzania — June 2020
Tanzania gold price archive for June 2020 — historical TZS reference rates per tola, gram and ounce.
June 2020 gold market: Quiet strength near multi-year highs
BullishEight-year highs on record institutional ETF demand.
Gold firmed to around $1,780 in June as a feared second COVID wave and dovish Fed guidance offset improving economic data. Gold ETFs saw record inflows for the year as institutional investors added the metal as portfolio insurance.
What drove gold in June 2020
- dovish Fed guidance
- second-wave COVID fears
- record gold-ETF inflows
- weakening US dollar
Key events in June 2020
- Jun 23Gold reaches ~$1,780, an eight-year high
What happened next
Record ETF inflows in June were the fuel for July's breakout above $1,900.
For gold buyers in Tanzania
June's steadiness near eight-year highs signalled that the rally had broad institutional backing, not just speculative froth.
The 2020 gold market: COVID crash, recovery, and the all-time high above $2,000
March 2020 saw a brief gold sell-off during COVID liquidity panic (-12% in 2 weeks) before the metal rocketed to an all-time high of $2,075 in August. Year close: $1,898 — gold's best year since 2010.
Key drivers in 2020
COVID pandemic, unlimited Fed QE, fiscal stimulus, negative real rates, USD weakness
2020 XAU/USD high
$2,075 (Aug)
2020 XAU/USD low
$1,452 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Tanzania gold market
Tanzania retail gold prices are quoted in the local currency per gram for 24K and 22K purities, and per troy ounce for investment-grade bullion. Local rates usually sit above the international XAU/USD spot price after import duties, sales taxes, and jewellery making charges are applied. Use this archive as the international reference price; final retail rates depend on your dealer and the date's exchange rate.
Standard quote unit
gram
Common purity
24K
Currency
TZS (TSh)
Daily gold price — June 2020, Tanzania
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$1,732.22/oz
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$1,742.20/oz
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$1,705.40/oz
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$1,700.10/oz
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$1,683.50/oz
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$1,700.49/oz
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$1,690.40/oz
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$1,713.50/oz
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$1,722.10/oz
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$1,738.30/oz
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$1,733.50/oz
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$1,734.21/oz
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$1,710.50/oz
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$1,719.90/oz
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$1,724.40/oz
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$1,719.50/oz
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$1,734.80/oz
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$1,763.13/oz
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$1,761.90/oz
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$1,768.90/oz
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$1,766.10/oz
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$1,756.60/oz
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$1,747.60/oz
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$1,775.69/oz
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$1,771.60/oz
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$1,768.10/oz
How Tanzania gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The TZS/USD exchange rate comes from exchangerate-api.com's 2020 year-end snapshot.
Conversion. Every TZS figure on this page is computed as XAU/USD price × TZS/USD rate. We use the year-end exchange rate consistently across all June 2020 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Tanzania, add the country-specific levies described in the “Tanzaniagold market” section above.
FAQ — Tanzania gold price in June 2020
What was the gold price in Tanzania in June 2020?
Historical TZS gold price archive for Tanzania in June 2020.
What was the 24K gold rate per tola in Tanzania in June 2020?
Tola-based gold rate for Tanzania in June 2020 requires both XAU/USD and TZS/USD data which is unavailable for this period.
What was the 24K gold rate per gram in Tanzania in June 2020?
Retail rate calculation requires international XAU/USD spot and TZS/USD FX, both of which are missing for this period.
How was the local currency price calculated?
TZS prices on this page are computed from the verified international XAU/USD spot price for June 2020 (sourced from gold-api.com), multiplied by the 2020-end TZS/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The TSh figures here represent the international gold spot price converted to TZS at the 2020-end exchange rate. Tanzania's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Tanzania? See live gold prices in Tanzania with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2020 archive or the USD-only June 2020 page with the country-by-country list at the bottom.
Other markets? Compare June 2020 prices across other major gold-trading countries: Kenya, Uganda, Zambia, South Africa, Nigeria, Mozambique.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to TZS at the 2020-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Tanzania before transacting.