🇳🇬 Nigeria
Gold Price in Nigeria Today (NGN)
Live gold rates in NGN, converted from the spot price in real time.
Gold per gram
₦191,894.18
NGN · spot 24k · updates every minute
Gold / Gram
₦191,894.18
Gold / Tola
₦2,238,215.30
Gold / Troy Ounce
₦5,968,576.09
Gold / Kilogram
₦191,894,177.26
Gold prices by karat in Nigeria
| Karat | Per gram | Per tola | Per ounce |
|---|---|---|---|
| 24k Gold | ₦191,894.18 | ₦2,238,215.30 | ₦5,968,576.09 |
| 22k Gold | ₦175,909.39 | ₦2,051,771.97 | ₦5,471,393.70 |
| 21k Gold | ₦167,907.41 | ₦1,958,438.39 | ₦5,222,504.08 |
| 18k Gold | ₦143,920.63 | ₦1,678,661.48 | ₦4,476,432.07 |
| 14k Gold | ₦111,931.87 | ₦1,305,550.99 | ₦3,481,470.43 |
| 10k Gold | ₦79,962.30 | ₦932,664.32 | ₦2,487,105.66 |
| 9k Gold | ₦71,960.32 | ₦839,330.74 | ₦2,238,216.03 |
| 8k Gold | ₦63,900.76 | ₦745,325.70 | ₦1,987,535.84 |
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Popular gold weights in Nigeria
Gold coin melt values in Nigeria
About gold in Nigeria
Gold market in Nigeria
The gold market in Nigeria tracks the London Bullion Market Association (LBMA) spot benchmark. Retail rates are converted from USD into NGN using the daily interbank exchange rate, then adjusted for local premiums, dealer margins and demand.
Taxes and import duties
Import duty and value-added tax in Nigeria vary by gold form. Investment-grade bullion (gold of 99.5% purity or higher) is often exempt from VAT in many jurisdictions, while jewellery attracts standard VAT plus a making charge.
Popular karats and purities
24k (99.9%) is preferred for investment bars and coins, 22k (91.6%) for traditional jewellery and wedding sets, and 18k or 14k for lighter modern designs. Always look for a hallmark or assay certificate.
Where to buy gold in Nigeria
Licensed bullion dealers, national mints, major bank branches and government-authorised jewellery associations are the safest routes in Nigeria. Online marketplaces and unlisted shops carry higher counterfeit risk and wider spreads.
Buying tip
Compare the shop's quoted per-gram rate against the live LBMA spot converted at the day's NGN rate. A premium over spot of 3–7% for coins and 1–4% for bars is normal — anything higher is usually the making charge.