Africa · NGN
Gold Price in Nigeria
Live 24K spot price refreshed every 5 minutes, converted to NGN at the latest interbank rate. Karat and unit tables below convert the reference rate to common retail formats.
Gold price in Nigeria by karat
| Karat | Per oz | Per g | Per kg | Per tola |
|---|---|---|---|---|
| 24K | NGN 5,943,043.94 | NGN 191,073.30 | NGN 191,073,299.46 | NGN 2,228,640.75 |
| 22K | NGN 5,453,441.82 | NGN 175,332.23 | NGN 175,332,225.84 | NGN 2,045,040.02 |
| 21K | NGN 5,205,368.81 | NGN 167,356.49 | NGN 167,356,493.52 | NGN 1,952,012.67 |
| 20K | NGN 4,957,295.81 | NGN 159,380.76 | NGN 159,380,761.20 | NGN 1,858,985.32 |
| 18K | NGN 4,461,744.70 | NGN 143,448.42 | NGN 143,448,423.02 | NGN 1,673,153.72 |
| 14K | NGN 3,470,047.58 | NGN 111,564.62 | NGN 111,564,620.20 | NGN 1,301,267.42 |
| 12K | NGN 2,974,496.46 | NGN 95,632.28 | NGN 95,632,282.01 | NGN 1,115,435.81 |
| 10K | NGN 2,478,945.35 | NGN 79,699.94 | NGN 79,699,943.83 | NGN 929,604.20 |
| 9K | NGN 2,230,872.35 | NGN 71,724.21 | NGN 71,724,211.51 | NGN 836,576.86 |
Other countries in Africa
Frequently Asked Questions
What is today's gold rate in Nigeria?+
The live 24K spot price in Nigeria is quoted in NGN above and refreshed every few minutes from international wholesale markets. Local retail prices add a small dealer premium and any applicable VAT or import duty.
Why does the local jeweller charge more than the price shown?+
Jewellers add making charges, wastage, dealer margin and (in many countries) VAT or sales tax on top of the pure metal value. Use the karat table as your baseline.
Is gold a good hedge against NGN inflation?+
Historically gold has preserved purchasing power across long inflationary periods, but short-term it tracks USD strength and global rates more than any single local currency.