Gold by Country

Gold Price in Nigeria

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

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24K gold, per gramUpdating…

International spot · USD

Gold spot price in US dollars

Updated: Sep 6, 2026, 01:52 PM

Per Gram

$ 142.46

Per Tola

$ 1,661.66

Per Ounce

$ 4,431.10

Per Kilo

$ 142,463.18

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.

Live Nigeria rates are updating — please check back shortly.

Price chart · USD

Gold price history

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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 priceTake the live international gold spot price, quoted in US dollars per troy ounce.
2
Convert ounce → gramDivide by 31.1035 (the grams in a troy ounce) to get the USD price per gram.
3
Convert USD → NGNMultiply by the live USD/NGN exchange rate.
4
Scale to tola & ounceMultiply the per-gram rate by 11.6638 for a tola, or 31.1035 for an ounce.

Buying gold in Nigeria: key facts

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

Gold converter →·Live gold price →·Zakat calculator →

Written & reviewed by Muhammad Salman Saleem

Founder & Editor · 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

Buying gold in Nigeria

Gold in Nigeria is priced in naira and effectively tracks the world price multiplied by the USD/NGN exchange rate, so naira weakness pushes local prices higher — one reason gold is valued as an inflation hedge. Nigeria has a fast-growing artisanal and small-scale mining sector that the government has been working to formalise, with retail trade concentrated in Lagos and Abuja.

Purity and hallmarking

Jewellery is commonly sold in 18K, 21K and 22K, with the higher karats reflecting strong Middle Eastern trade links. Hallmarking is not strictly enforced, so buyers should use reputable dealers and confirm purity before paying. Rates are usually quoted per gram.

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 data & methodology for sources and formulas, or our disclaimer. Nothing here is financial advice.

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