Gold is one commodity that has a very rich meaning in finances and even in history. Gold is a commodity that used to back up trade and business, even the US dollar used to be backed with gold.
As a commodity, it has given a sustained appreciation in value year after year throughout the world. In Tanzania, the gold prices from last year have continued to rise in price and value.
In Tanzania, the ounce of gold stands at 1 Gram of Gold = 144,632.70 Tanzanian Shilling. The rise in gold prices has been welcomed as a good sign especially by the businesses trading in Gold. The trend of rising prices in gold is expected to continue for some time as the below historical chart of gold prices shows.
