🇳🇬Palladium Rate in Okene Today
The palladium rate in Okene today is ₦53,611 per gram for 22K, based on an international spot price of $1,347.00 per troy ounce. That is down ₦1,166 from the previous close. This is the international spot price converted into NGN for Okene, Kogi State. 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 479,178. 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 Okene — 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 Okene — questions
What is the palladium rate in Okene today?
The palladium rate in Okene today is ₦53,611 per gram for 22K, and ₦58,485 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 Okene?
One gram of 24K palladium costs ₦58,485 in Okene, and 22K costs ₦53,611 per gram. 18K works out at ₦43,864.
Why is 22K cheaper than 24K in Okene?
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 Okene 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.