Gold Price in Nigeria Today

Live gold spot prices in Nigerian Naira (NGN).

Gold spot price per troy ounce 5,423,165.94 NGN
≈ $4,042.05 USD -16,932.09 NGN (-0.31%) Updated Thursday, 29 October 2026, 12:20 AM
24K Gram 174,358.83 NGN
22K Gram 159,712.69 NGN
21K Gram 152,563.98 NGN
18K Gram 130,769.13 NGN
1 Kilo (24K) 174,358,833.68 NGN

Daily Gold Market Report in Nigeria (Thursday, 29 October 2026, 12:20 AM)

Declining Today
24K Gram Change -544.38 NGN
Ounce Change -16,932.09 NGN (-0.31%)
7-Day Trend +0.56%
30-Day Trend -1.37%

Gold prices in Nigeria edged lower today (Thursday, 29 October 2026, 12:20 AM), with the live spot price per troy ounce retreating by -16,932.09 NGN (-0.31%) from the previous session’s close of 5,440,098.03 NGN to trade at 5,423,165.94 NGN (equivalent to $4,042.05 USD internationally). On a per-gram basis, pure 24K gold declined by -544.38 NGN today to stand at 174,358.83 NGN ($129.95 USD) in Nigerian Naira (NGN).

Across local jewelry and bullion counters in Nigeria today, 22K gold is priced at 159,712.69 NGN per gram, 21K gold stands at 152,563.98 NGN per gram, and 18K gold trades at 130,769.13 NGN per gram (excluding local jeweler workmanship fees), with 22K serving as the primary retail jewelry standard. For physical bullion and coin buyers, 1 Tola (11.66g) of 24K gold is valued at 2,033,687.23 NGN, an 8-gram Gold Pound (21K) is valued at 1,220,511.84 NGN, and a 1-kilogram 24K investment bar is valued at 174,358,833.68 NGN.

From a broader technical perspective, today’s ounce price of 5,423,165.94 NGN sits within a 30-day trading corridor between a monthly low of 5,328,240.00 NGN and a monthly high of 5,591,981.11 NGN, compared with a 52-week average of 6,134,792.75 NGN. Over recent horizons, gold in NGN has recorded a +0.56% change over the past 7 days, -1.37% over 30 days, and -6.74% over the past year, while the local exchange rate stands at 1 USD = 1,341.69 NGN and the live Gold-to-Silver Ratio tracks at 1 oz Gold ≈ 75.3 oz Silver.

Gold price per gram in Nigerian Naira

Purity Fineness / Hallmark Price per gram (NGN) Price per gram (USD)
24K Popular in Nigeria 999 (100%) 174,358.83 NGN $129.95 USD
23K 965 (96.5%) 168,256.27 NGN $125.41 USD
22K Popular in Nigeria 916 (91.6%) 159,712.69 NGN $119.04 USD
21K 875 (87.5%) 152,563.98 NGN $113.71 USD
18K Popular in Nigeria 750 (75%) 130,769.13 NGN $97.47 USD
14K 585 (58.5%) 101,999.92 NGN $76.02 USD
12K 500 (50%) 87,179.42 NGN $64.98 USD
10K 417 (41.7%) 72,707.63 NGN $54.19 USD
9K 375 (37.5%) 65,384.56 NGN $48.73 USD
8K 333 (33.3%) 58,061.49 NGN $43.27 USD

These are indicative spot-equivalent prices. Local retail prices may include taxes, dealer premiums and jewelry making charges.

Gold Price by Weight Unit in Nigeria (NGN)

Compare live gold prices in Nigerian Naira across standard international and regional weight measurements—including grams, troy ounces, tolas, and kilograms—for the most traded gold purities.

Weight Unit Metric Weight 24K (NGN) 22K (NGN) 21K (NGN) 18K (NGN) 24K (USD)
1 Gram 1.00 g 174,358.83 NGN 159,712.69 NGN 152,563.98 NGN 130,769.13 NGN $129.95 USD
1 Tola 11.66 g 2,033,687.23 NGN 1,862,857.50 NGN 1,779,476.32 NGN 1,525,265.42 NGN $1,515.77 USD
1 Troy Ounce 31.10 g 5,423,165.94 NGN 4,967,620.00 NGN 4,745,270.20 NGN 4,067,374.45 NGN $4,042.05 USD
100 Grams 100.00 g 17,435,883.37 NGN 15,971,269.17 NGN 15,256,397.95 NGN 13,076,912.53 NGN $12,995.49 USD
1 Kilogram (1,000 g) 1,000.00 g 174,358,833.68 NGN 159,712,691.65 NGN 152,563,979.47 NGN 130,769,125.26 NGN $129,954.93 USD

Gold Bars & Investment Bullion Prices in Nigeria (NGN)

Live spot-equivalent valuations for 24K (.9999 fine) investment gold bars, ingots, and bullion weights in Nigerian Naira (NGN) and US Dollars.

Bar / Bullion Weight Purity / Fineness Bullion Price (NGN) Bullion Price (USD)
1 Gram 24K (999.9 Fine) 174,358.83 NGN $129.95 USD
5 Grams 24K (999.9 Fine) 871,794.17 NGN $649.77 USD
10 Grams 24K (999.9 Fine) 1,743,588.34 NGN $1,299.55 USD
20 Grams 24K (999.9 Fine) 3,487,176.67 NGN $2,599.10 USD
1 Ounce (31.1 Grams) 24K (999.9 Fine) 5,423,165.94 NGN $4,042.05 USD
50 Grams 24K (999.9 Fine) 8,717,941.68 NGN $6,497.75 USD
100 Grams 24K (999.9 Fine) 17,435,883.37 NGN $12,995.49 USD
10 Tolas (116.65 Grams) 24K (999.9 Fine) 20,338,957.95 NGN $15,159.24 USD
250 Grams (1/4 Kilo) 24K (999.9 Fine) 43,589,708.42 NGN $32,488.73 USD
500 Grams (1/2 Kilo) 24K (999.9 Fine) 87,179,416.84 NGN $64,977.46 USD
1000 Grams (1 Kilo) 24K (999.9 Fine) 174,358,833.68 NGN $129,954.93 USD

Investment gold bars and coins typically carry a small minting and dealer premium of 1% to 3% above the intrinsic spot value shown above.

Gold Coins, Sovereign & Gold Pound Prices in Nigeria (NGN)

Live intrinsic gold valuations for popular regional and international gold coins—including the 8g Gold Pound (21K), British Sovereign (22K), and fractional 24K bullion coins—in Nigerian Naira (NGN) and US Dollars.

Coin / Sovereign Type Gross Weight & Purity Pure Gold (24K) Coin Value (NGN) Coin Value (USD)
Gold Pound (8g • 21K) 8.00 g • 21K 7.00 g 1,220,511.84 NGN $909.68 USD
British Gold Sovereign (7.99g • 22K) 7.99 g • 22K 7.32 g 1,276,721.49 NGN $951.58 USD
Half Gold Pound (4g • 21K) 4.00 g • 21K 3.50 g 610,255.92 NGN $454.84 USD
Quarter Gold Pound (2g • 21K) 2.00 g • 21K 1.75 g 305,127.96 NGN $227.42 USD
1 oz Bullion Coin (Krugerrand / Eagle / Maple) 31.10 g • 24K 31.10 g 5,423,165.94 NGN $4,042.05 USD
1/2 oz Bullion Coin 15.55 g • 24K 15.55 g 2,711,582.97 NGN $2,021.03 USD
1/4 oz Bullion Coin 7.78 g • 24K 7.78 g 1,355,791.48 NGN $1,010.51 USD
1/10 oz Bullion Coin 3.11 g • 24K 3.11 g 542,316.59 NGN $404.21 USD

Gold coins typically carry a minting and dealer premium of 1.5% to 4% above their raw gold melt value.

Interactive Gold & Silver Calculator (NGN)

Calculate the exact spot value of any gold or silver weight and karat purity in Nigerian Naira (NGN) or switch between 150+ world currencies in real time.

5,423,877.05

Historical Gold Price Chart in Nigeria (NGN)

Track historical spot gold price movements in Nigerian Naira (NGN) per troy ounce across 1-month, 3-month, 6-month, 1-year, and multi-year timeframes.

Daily Market Indicators & Historical Range in Nigeria

Intraday trading benchmarks, bid/ask spread, and 52-week high/low performance for gold (XAU/NGN) per troy ounce.

Today’s Intraday Spot Indicators (NGN / oz)

Bid Price (Spot) 5,422,894.78 NGN
Ask Price (Spot) 5,423,437.10 NGN
Day’s High 5,441,412.88 NGN
Day’s Low 5,419,959.31 NGN
Today’s Open 5,440,098.03 NGN
Previous Close 5,422,924.43 NGN
24h Change -16,932.09 NGN
24h Change (%) -0.31%

Historical Highs, Lows & Averages (NGN / oz)

1-Month High 5,591,981.11 NGN
1-Month Low 5,328,240.00 NGN
6-Month High 6,436,886.79 NGN
6-Month Low 5,328,240.00 NGN
1-Year High (52W) 7,423,743.32 NGN
1-Year Low (52W) 5,328,240.00 NGN
1-Year Average 6,134,792.75 NGN

Gold Price Performance & Historical Returns in Nigeria (NGN)

Time Horizon Reference Date Historical Spot (NGN/oz) Net Change (NGN) Percentage Change
1 Day 2026-10-29 5,423,165.94 NGN -16,932.09 NGN -0.31%
1 Week 2026-10-22 5,392,429.15 NGN +30,401.37 NGN +0.56%
30 Days 2026-09-29 5,497,883.82 NGN -75,053.30 NGN -1.37%
6 Months 2026-04-29 6,241,500.00 NGN -818,669.48 NGN -13.12%
1 Year 2025-10-29 5,814,880.00 NGN -392,049.48 NGN -6.74%
5 Years 2021-10-29 731,390.37 NGN +4,691,440.14 NGN +641.44%
10 Years 2016-10-29 406,583.18 NGN +5,016,247.33 NGN +1,233.76%

Last 14 Days Daily Gold Price History in Nigeria (NGN)

Day-by-day closing spot gold prices in Nigerian Naira (NGN) per gram (24K, 22K, 21K, 18K) and per troy ounce over the past two weeks.

Date 24K Gram (NGN) 22K Gram (NGN) 21K Gram (NGN) 18K Gram (NGN) Ounce (NGN) Daily Change
2026-10-28 174,989.92 NGN 160,290.76 NGN 153,116.18 NGN 131,242.44 NGN 5,442,794.82 NGN +0.16%
2026-10-27 174,702.21 NGN 160,027.22 NGN 152,864.43 NGN 131,026.66 NGN 5,433,846.15 NGN +0.49%
2026-10-26 173,843.86 NGN 159,240.98 NGN 152,113.38 NGN 130,382.90 NGN 5,407,148.59 NGN +0.28%
2026-10-25 173,364.10 NGN 158,801.52 NGN 151,693.59 NGN 130,023.08 NGN 5,392,226.28 NGN +1.20%
2026-10-24 171,306.89 NGN 156,917.11 NGN 149,893.53 NGN 128,480.17 NGN 5,328,240.00 NGN -0.11%
2026-10-23 171,489.51 NGN 157,084.39 NGN 150,053.32 NGN 128,617.13 NGN 5,333,920.00 NGN -1.09%
2026-10-22 173,370.62 NGN 158,807.49 NGN 151,699.30 NGN 130,027.97 NGN 5,392,429.15 NGN -2.01%
2026-10-21 176,923.43 NGN 162,061.86 NGN 154,808.00 NGN 132,692.57 NGN 5,502,933.88 NGN +0.27%
2026-10-20 176,442.50 NGN 161,621.33 NGN 154,387.19 NGN 132,331.88 NGN 5,487,975.21 NGN -0.59%
2026-10-19 177,492.13 NGN 162,582.79 NGN 155,305.62 NGN 133,119.10 NGN 5,520,622.41 NGN -0.67%
2026-10-18 178,690.20 NGN 163,680.23 NGN 156,353.93 NGN 134,017.65 NGN 5,557,886.57 NGN +0.20%
2026-10-17 178,330.81 NGN 163,351.03 NGN 156,039.46 NGN 133,748.11 NGN 5,546,708.33 NGN -0.02%
2026-10-16 178,373.68 NGN 163,390.29 NGN 156,076.97 NGN 133,780.26 NGN 5,548,041.67 NGN +0.55%
2026-10-15 177,392.08 NGN 162,491.14 NGN 155,218.07 NGN 133,044.06 NGN 5,517,510.37 NGN +1.66%

Local Currency (NGN) vs. US Dollar Impact on Gold in Nigeria

Local gold prices in Nigeria are determined by two live markets: international spot gold (XAU/USD) and the Nigerian Naira (NGN) exchange rate. Even when global gold is flat, a weaker NGN raises local gold prices.

Exchange Rate & Gold Sensitivity (NGN)

1 US Dollar (USD/NGN) 1 USD = 1,341.69 NGN
1 Euro (EUR/NGN) 1 EUR = 1,491.44 NGN
Global Spot Gold (XAU/USD) $4,042.05 USD
Local Spot Gold (XAU/NGN) 5,423,165.94 NGN
±1%% Currency Move (24K Gram) ±1,743.59 NGN
±1%% Currency Move (1 Ounce) ±54,231.66 NGN

Currency & Monetary Profile (Nigeria)

Official Currency Nigerian Naira (NGN)
Symbol & Subunit ₦ • kobo
Central Bank / Authority Central Bank of Nigeria
Capital & Region Lagos • Africa

Local Gold Market Guide & Jewelry Making Charges in Nigeria

When buying gold jewelry or bullion in Nigeria, the retail price you pay at local goldsmiths and dealers combines the live international spot value in Nigerian Naira (NGN) with workmanship fees (making charges) and applicable local taxes.

Most Popular Gold Karats in Nigeria

24K .999 • 100%
174,358.83 NGN / g

Karat 24 is also called (.999) and is 999/1000 pure. Practically, it is never used in making jewelleries in America and Europe but sometimes used in Asia.

22K .916 • 91.6%
159,712.69 NGN / g

Karat 22 is also called (.916) and is 916/1000 pure. Practically, it is rarely used in making jewelleries in America and Europe but is commonly used in Asia.

18K .750 • 75%
130,769.13 NGN / g

Karat 18 is also called (.750) and is 750/1000 pure. Practically, it is sometimes used in making jewelleries in America and Asia, and it is the most common in Europe.

Estimated Jewelry Making Charges (Workmanship) in Nigeria (NGN)

Country-Specific Goldsmith Workmanship Benchmark in Nigeria • Typical Workmanship Fee / Gram 20.00 – 80.00 NGN
Est. 22K Retail Price with Workmanship / Gram 159,732.69 – 159,792.69 NGN
Category / Item Type Typical Markup Est. Making Charge / g (NGN) Est. Retail Price / g (22K NGN)
Investment Gold Bars & Coins (24K) 1% – 3% 1,743.59 – 5,230.77 NGN 176,102.42 – 179,589.60 NGN (24K)
Standard / Machine-Made Jewelry 6% – 12% 9,582.76 – 19,165.52 NGN 169,295.45 – 178,878.21 NGN (22K)
Handcrafted / Bridal & Designer Jewelry 12% – 22% 19,165.52 – 35,136.79 NGN 178,878.21 – 194,849.48 NGN (22K)
Retail Jewelry Pricing Formula: Final Retail Price = (Spot Gold Price per Gram × Weight in Grams) + Making Charges (Workmanship) + Local VAT / Taxes

Silver Price Today & Gold-to-Silver Ratio in Nigeria (NGN)

Compare live silver spot prices per gram, troy ounce, and kilogram in Nigerian Naira (NGN) alongside the real-time Gold-to-Silver Ratio.

Silver Spot Ounce 72,044.57 NGN
999 Pure Silver Gram 2,316.29 NGN
925 Sterling Gram 2,142.57 NGN
1 Kilo Silver (999) 2,316,286.61 NGN
Gold-to-Silver Ratio 1 oz Gold ≈ 75.3 oz Silver
Silver Grade / Fineness Fineness / Hallmark 1 Gram (NGN) 1 Troy Ounce (NGN) 1 Kilogram (NGN) 1 Gram (USD)
999 99.9% 2,313.97 NGN 71,972.52 NGN 2,313,970.32 NGN $1.72 USD
958 95.8% 2,219.00 NGN 69,018.70 NGN 2,219,002.57 NGN $1.65 USD
925 92.5% 2,142.57 NGN 66,641.22 NGN 2,142,565.11 NGN $1.60 USD
900 90% 2,084.66 NGN 64,840.11 NGN 2,084,657.95 NGN $1.55 USD
800 80% 1,853.03 NGN 57,635.65 NGN 1,853,029.29 NGN $1.38 USD

Silver Price Today & Gold-to-Silver Ratio in Nigeria (NGN) →

Regional Gold Price Comparison (Africa)

Compare today’s live 24K and 21K gold gram prices and troy ounce rates across countries in Africa in their respective local currencies.

Country Currency 24K Gram 21K Gram 1 Troy Ounce
Angola Angolan kwanza (AOA) 119,320.76 AOA 104,405.67 AOA 3,711,290.58 AOA
Benin West African CFA Franc (XOF) 76,645.69 XOF 67,064.98 XOF 2,383,947.39 XOF
Botswana Botswana Pula (BWP) 1,801.42 BWP 1,576.24 BWP 56,030.32 BWP
Burkina Faso West African CFA Franc (XOF) 76,645.69 XOF 67,064.98 XOF 2,383,947.39 XOF
Burundi Burundi Franc (BIF) 390,663.40 BIF 341,830.48 BIF 12,150,990.12 BIF
Cameroon Central African CFA Franc (XAF) 76,646.04 XAF 67,065.28 XAF 2,383,958.31 XAF
Cape Verde Cape Verdean escudo (CVE) 12,883.92 CVE 11,273.43 CVE 400,734.81 CVE
Central African Republic Central African CFA Franc (XAF) 76,646.04 XAF 67,065.28 XAF 2,383,958.31 XAF

Frequently Asked Questions

What is the gold price per gram in Nigeria today?
Today in Nigeria, 24K pure gold costs 174,358.83 NGN ($129.95 USD) per gram, 22K gold costs 159,712.69 NGN per gram, 21K gold costs 152,563.98 NGN per gram, and 18K gold costs 130,769.13 NGN per gram based on live international spot rates.
How much does 1 troy ounce and 1 kilogram of gold cost in Nigeria?
At current market rates in Nigeria, 1 troy ounce (31.1035 grams) of 24K fine gold is valued at 5,423,165.94 NGN ($4,042.05 USD), 1 tola (11.6638 grams) is 2,033,687.23 NGN, and 1 kilogram (1,000 grams) of 24K gold is valued at 174,358,833.68 NGN.
Which gold karats are most commonly used in Nigeria?
The most widely traded gold purities in Nigeria are 24K, 22K, 18K. 24K (.999 fineness) is the standard for investment bars and bullion coins, while 22K is widely preferred for everyday and fine jewelry due to its balance of gold purity and structural durability.
Why do retail gold jewelry prices in Nigeria differ from the spot gold price?
The prices shown in spot tables reflect raw international bullion rates in Nigerian Naira (NGN). Retail jewelry shops in Nigeria add a workmanship fee (making charge)—typically ranging from 6% to 20% of the gold value depending on design intricacy—along with dealer margins and any applicable national VAT or import duties.
How often are Nigeria gold prices updated on this page?
Gold prices for Nigeria in Nigerian Naira (NGN) are updated continuously throughout the global trading week using live XAU/USD spot feeds and real-time NGN foreign exchange rates.