🇳🇬Palladium Rate in Sapele Today
The palladium rate in Sapele today is ₦1,667,492 per troy ounce for 22K, based on an international spot price of $1,347.00 per troy ounce. That is down ₦36,271 from the previous close. This is the international spot price converted into NGN for Sapele. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Nigeria's larger markets, with a population of around 305,000. The NGN has weakened 0.717% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Palladium rate in Sapele — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ₦58,485 | ₦53,611 | ₦51,174 | ₦43,864 | ₦34,116 |
| 1 Troy Ounce (31.1035 g) | ₦1,819,082 | ₦1,667,492 | ₦1,591,697 | ₦1,364,311 | ₦1,061,131 |
| 1 Kilogram (1,000 g) | ₦58,484,839 | ₦53,611,103 | ₦51,174,234 | ₦43,863,629 | ₦34,116,156 |
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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Palladium rate in Sapele — questions
What is the palladium rate in Sapele today?
The palladium rate in Sapele today is ₦1,667,492 per troy ounce for 22K, and ₦1,819,082 per troy ounce 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 Sapele?
One gram of 24K palladium costs ₦58,485 in Sapele, and 22K costs ₦53,611 per gram. 18K works out at ₦43,864.
Why is 22K cheaper than 24K in Sapele?
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 ₦4,874 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Sapele different from other cities?
The underlying metal price is identical everywhere in Nigeria — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
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.