Gold Price in Nigeria Today
Live gold price in Nigeria in NGN, converted from the XAU/USD spot price at today’s exchange rate. Prices below are for the gold content only; local jewellers add making charges, taxes and margin.
Gold price in NGN by unit (pure gold)
| Unit | NGN |
|---|---|
| 1 gram | NGN 172,837 |
| 10 grams | NGN 1,728,370 |
| 1 tola (11.66 g) | NGN 2,015,936 |
| 1 troy ounce | NGN 5,375,830 |
| 1 kilogram | NGN 172,836,953 |
Price per gram by karat in NGN
| Karat | Purity | Per gram |
|---|---|---|
| 24K | 99.9% | NGN 172,664 |
| 22K | 91.7% | NGN 158,440 |
| 21K | 87.5% | NGN 151,232 |
| 18K | 75.0% | NGN 129,628 |
| 14K | 58.5% | NGN 101,110 |
| 10K | 41.7% | NGN 72,073 |
Estimated value of the gold in the piece. A dealer will usually buy for less and sell for more than this reference.
Gold price chart (USD per ounce)
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How the price in Nigeria is calculated
We take the live gold price in US dollars per troy ounce (31.1035 grams), multiply it by the USD/NGN exchange rate and divide by the weight of the unit. Karat prices multiply by the purity: 22K is 91.67%, 18K is 75%.
Because the dollar price and the exchange rate both change, the price in NGN can move even when the dollar price of gold is flat. A weaker NGN raises the local price of gold.
Exchange rates by ExchangeRate-API, updated 22 Oct 2026, 00:02 UTC. Information only; not investment advice.