Live Gold Rate · NGN
Gold Rate Today in Nigeria — Live Gold Price per Gram
In Nigeria gold is quoted per gram in Nigerian Naira (₦), converted from the USD international spot at the current exchange rate. Lagos markets and traders in Kano and Abuja drive the retail scene, and there is a growing local mining and refining ambition behind the trade.
Buyers favour 18k and 22k for jewellery, with 24k for investment. The table below shows live spot in NGN per gram and per karat so you can benchmark a trader before making charges are added.
Because the naira has been highly volatile against the dollar, gold priced in NGN can move dramatically day to day — many Nigerians treat it as a store of value against inflation, so these live figures matter more here than in stable-currency markets.
Gold Price by Karat in Nigeria (NGN)
Live metal value per gram, before making charges & tax.
| Karat | Purity | Per Gram | Per 10 g |
|---|---|---|---|
| 24K | 99.9% | NGN 182,205.13 | NGN 1,822,051.28 |
| 22K | 91.7% | NGN 167,194.64 | NGN 1,671,946.35 |
| 18K | 75.0% | NGN 136,790.64 | NGN 1,367,906.37 |
Gold Price by Weight Unit in Nigeria
How much each common weight of gold costs at today's rate.
| Unit | Grams | 24k | 22k | 18k |
|---|---|---|---|---|
| 1 Gram | 1 | NGN 182,205.13 | NGN 167,194.64 | NGN 136,790.64 |
| 8 Grams | 8 | NGN 1,457,641.02 | NGN 1,337,557.08 | NGN 1,094,325.09 |
| 1 Troy Ounce | 31.103 | NGN 5,667,212.97 | NGN 5,200,334.47 | NGN 4,254,664.39 |
| 1 Kilogram | 1,000 | NGN 182,205,128.01 | NGN 167,194,635.49 | NGN 136,790,636.65 |
These rates apply nationally across Nigeria, including Lagos, Abuja, Kano and Port Harcourt. Local jewellers may quote slightly different figures once making charges, hallmarking and taxes are added.
Gold rate in other countries
Gold Price in Nigeria — FAQ
What is the gold rate today in Nigeria?
Today 24k gold is about NGN 182,205.13 per gram and 22k gold about NGN 167,194.64 per gram in Nigeria, based on the live international spot price of $4,113.70 per troy ounce converted to NGN.
Why does the gold price in naira change so fast?
The naira has been very volatile against the US dollar, so gold priced in NGN can swing sharply even when international spot is stable.
What karat gold is sold in Nigeria?
18k and 22k are common for jewellery, with 24k for investment.
Is gold a good hedge in Nigeria?
Many Nigerians hold gold as a store of value against naira inflation, since its dollar-linked price tends to rise as the currency weakens.
Why does the local NGN gold price differ from international spot?
International spot is quoted in US Dollars per troy ounce. To get the Nigeria rate we convert it to NGN at the live exchange rate and break it down per gram and per karat. Local retail prices then add import duties, taxes and jeweller making charges on top of this metal value.
Gold rates are derived from the live international spot price converted to NGN and are indicative metal values for information only — not a jeweller quote or financial advice. Retail prices add duties, taxes and making charges.