Gold by Country

Gold Price in Nigeria

Live Nigeria gold rate in NGN, by karat and weight.

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24K gold, per gram₦ 189,242.88

Per ounce: ₦ 5,886,111.39Per tola: ₦ 2,207,291.77

As of 10:20 PM · NGN

Updated: Jun 8, 2026, 10:20 PM

1 USD = 1,360.84 NGN at the live exchange rate. Because gold is priced in US dollars, the Nigeria gold price moves with both the metal and the USD/NGN rate.

International spot · USD

Gold spot price in US dollars

Updated: Jun 8, 2026, 10:20 PM

Per Gram

$ 139.08

Per Tola

$ 1,622.17

Per Ounce

$ 4,325.80

Per Kilo

$ 139,077.69

The international gold spot price is quoted in US dollars and is the global benchmark from which every local rate is derived. Prices exclude dealer premiums, making charges, and local taxes.

International · USD

Gold performance & range

52-Week High

$ 5,593.90

52-Week Low

$ 3,257.05

Record High

$ 5,593.90

YTD

+0.14%

Today

-0.10% ↓

1 Week

-3.57% ↓

1 Month

-8.27% ↓

1 Year

+30.69% ↑

Range and changes are for the international gold price in US dollars. Record high reflects our available price history.

Purity	Per Gram	Per Ounce	Per Tola	Per Kilo
24K Gold (99.99%)	₦ 189,242.88	₦ 5,886,111.39	₦ 2,207,291.77	₦ 189,242,875.73
22K Gold (91.60%)	₦ 173,363.81	₦ 5,392,217.26	₦ 2,022,081.47	₦ 173,363,810.55
21K Gold (87.50%)	₦ 165,604.08	₦ 5,150,862.56	₦ 1,931,573.46	₦ 165,604,076.67
18K Gold (75.00%)	₦ 141,946.35	₦ 4,415,025.05	₦ 1,655,634.39	₦ 141,946,351.43

Price chart · USD

Gold price history

Loading chart…

Chart values are in US dollars. Per gram, tola and ounce figures above are USD. Today’s local-currency price uses the live exchange rate; historical values stay in USD because reliable historical exchange-rate data isn’t available. Candles are reconstructed from real high, low and average data.

Learn

How to calculate the Gold rate in NGN

Turn the international USD spot price into a local per-gram, per-tola and per-ounce rate in a few simple steps.

1
Start with the spot priceOne troy ounce of pure gold is $ 4,325.80 on the international market.
2
Convert ounce → gram$ 4,325.80 ÷ 31.1035 g = $ 139.08 per gram (USD).
3
Convert USD → NGN$ 139.08 × 1,360.84 (live USD/NGN rate) = ₦ 189,261.80 per gram.
4
Scale to tola & ounce× 11.6638 g = ₦ 2,207,512.52 per tola; × 31.1035 g = ₦ 5,886,700.06 per ounce.

Result · NGN

Per Gram₦ 189,261.80

Per Tola₦ 2,207,512.52

Per Ounce₦ 5,886,700.06

Gold price in Nigeria weight units

24K and 22K gold valued across the weight units used in Nigeria, at today’s NGN rate.

Unit	Weight	24K	22K
Gram	1 g	₦ 189,242.88	₦ 173,363.81
Troy Ounce	31.1035 g	₦ 5,886,111.39	₦ 5,392,217.26

Buying gold in Nigeria: key facts

Popular karat	18K & 22K
Hallmarking	Purity stamped
Tax / duty	VAT on jewelry
Common units	Gram

Gold converter →·Gold price today →

By the GoldPrice Converter Editorial Team

Prices are checked against the international spot benchmark and refreshed through the trading day. Educational information only — not financial advice.

Gold price in Nigeria

Gold in Nigeria is quoted in naira (NGN), converted from the international dollar price. Gold has gained popularity as a hedge as the naira has weakened, and Nigeria is developing domestic mining and reserves.

The naira gold price reflects both the global metal price and the USD/NGN exchange rate.

Gold rate in major Nigeria cities

Gold is priced nationally, so the Nigeria rate shown above applies across all major cities — including:

LagosAbujaKanoIbadanPort Harcourt

Nigeria gold price FAQ

Why is gold popular in Nigeria?

With periodic naira weakness and inflation, many Nigerians turn to gold to preserve the value of their savings.

How is the Nigeria gold price set?

It is the dollar gold price converted into naira at the live exchange rate.

Does Nigeria produce gold?

Nigeria has growing artisanal and formal gold mining and has moved to build domestic reserves.

What is the gold rate in Nigeria today?

The live gold rate in Nigeria is shown above in NGN, with 24K, 22K, 21K and 18K prices per gram and local units, refreshed through the trading day.

How is the gold price in Nigeria calculated?

It is the international spot price (US dollars per troy ounce) converted into NGN at the live exchange rate, then divided by weight and adjusted for karat purity.

Why does the Nigeria gold price change daily?

Two forces move it: the global gold price and the NGN exchange rate. On top of that benchmark, jewelers add making charges and any local taxes or duties.

Gold prices in other countries

Where our data comes from. Live gold, silver, platinum, palladium, copper and crypto prices are sourced from gold-api.com, benchmarked to the international (LBMA-style) spot market and quoted in US dollars. Currency conversions use live ExchangeRate-API rates, refreshed through the trading day. All figures are indicative and exclude dealer premiums, making charges and local taxes — see our disclaimer. Nothing here is financial advice.

GoldPrice ConverterLoading live prices…

Purity

Per Gram

Per Ounce

Per Tola

Per Kilo

24K Gold (99.99%)

₦ 189,242.88

₦ 5,886,111.39

₦ 2,207,291.77

₦ 189,242,875.73

22K Gold (91.60%)

₦ 173,363.81

₦ 5,392,217.26

₦ 2,022,081.47

₦ 173,363,810.55

21K Gold (87.50%)

₦ 165,604.08

₦ 5,150,862.56

₦ 1,931,573.46

₦ 165,604,076.67

18K Gold (75.00%)

₦ 141,946.35

₦ 4,415,025.05

₦ 1,655,634.39

₦ 141,946,351.43

Unit

Weight

24K

22K

Gram

1 g