🇳🇬Gold Rate in Nigeria Today
The gold rate in Nigeria today is ₦117,553 per gram for 14K, based on an international spot price of $4,641.30 per troy ounce. That is up ₦1,517 from the previous close. The NGN has weakened 0.717% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Gold rate in Nigeria — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ₦201,519 | ₦184,725 | ₦176,329 | ₦151,139 | ₦117,553 |
| 1 Troy Ounce (31.1035 g) | ₦6,267,932 | ₦5,745,604 | ₦5,484,440 | ₦4,700,949 | ₦3,656,294 |
| 1 Kilogram (1,000 g) | ₦201,518,688 | ₦184,725,464 | ₦176,328,852 | ₦151,139,016 | ₦117,552,568 |
All figures in NGN (Naira). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
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Gold rate in Nigeria — questions
What is the gold rate in Nigeria today?
The gold rate in Nigeria today is ₦117,553 per gram for 14K, and ₦201,519 per gram for 24K. These are live figures converted from international spot at the current NGN exchange rate.
What is the price of 1 gram of gold in Nigeria?
One gram of 24K gold costs ₦201,519 in Nigeria, and 22K costs ₦184,725 per gram. 18K works out at ₦151,139.
Why is 22K cheaper than 24K in Nigeria?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is ₦16,793 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 1 month ago. Exchange rates refresh alongside it.