Gold Prices in Nigeria

Gold prices on the website are updated every 30 seconds.
Prices are displayed in the local currency and USD.

KaratOunceGram
24
NGN: 5,356,039.42
USD: 3,327.87
NGN: 172,200.54
USD: 106.99
22
NGN: 4,909,702.80
USD: 3,050.55
NGN: 157,850.49
USD: 98.08
21
NGN: 4,686,534.49
USD: 2,911.89
NGN: 150,675.47
USD: 93.62
18
NGN: 4,017,029.57
USD: 2,495.90
NGN: 129,150.40
USD: 80.25
14
NGN: 3,124,356.33
USD: 1,941.26
NGN: 100,450.31
USD: 62.41
The website retrieves gold prices through Almurakib, a specialist in evaluating the best trading companies.

Gold Price Analysis

Here is a comprehensive analysis of gold prices, featuring detailed and up-to-date daily, weekly, and monthly changes.
  • Price increased by 0.76% (39,146.02 NGN) compared to yesterday.
  • Price decreased by 2.84% (151,419.35 NGN) compared to last week.
  • Price decreased by 0.13% (6,809.61 NGN) compared to last month.

Gold Purchase Calculator

Easily calculate buying and selling prices of gold — excluding craftsmanship fees, as these vary from one country to another.
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Gram/Ounce Converter

Easily convert weights between grams and ounces to suit your needs.
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Gold Price Chart

Track gold price fluctuations over the past 365 days for both grams and ounces, in local currency and USD.

FAQ

Determined daily from LBMA London rates and the parallel NGN/USD rate. 

The Central Bank of Nigeria issues a daily gold price bulletin. 

On Broad Street and through licensed dealers in Victoria Island. 

High remittance inflows boost household budgets for gold purchases. 

Yes—crucial for wealth preservation amid currency volatility. 

Popular Gold Bullion Prices Worldwide

Gold bullion is one of the most trusted forms of safe investment, typically made of 24K pure gold (999.9). The table below presents estimated prices for the most commonly traded bullion weights around the world, based on real-time international gold rates.
WeightPrice in USDPrice in NGN
Ounce$3,327.87NGN: 5,356,039.42
Gram$106.99NGN: 172,200.54
2.5 Gram$267.48NGN: 430,501.34
5 Gram$534.97NGN: 861,002.69
10 Gram$1,069.93NGN: 1,722,005.38
50 Gram$5,349.67NGN: 8,610,026.88
100 Gram$10,699.34NGN: 17,220,053.76
Half Kilogram$53,496.70NGN: 86,100,268.80
Kilogram$106,993.39NGN: 172,200,537.60

Gold in Nigeria

In Nigeria—the economic powerhouse of West Africa—gold is celebrated as both a cultural treasure and a robust financial asset. In sprawling urban markets of Lagos, Abuja, and beyond, an energetic gold trade flourishes, blending centuries-old artisanal techniques with modern innovations. Nigerian gold jewelry is renowned for its bold designs and vibrant motifs that speak to diverse ethnic traditions and historical legacies. Here, gold is central to festival celebrations, weddings, and significant life events, where it is exchanged as a token of wealth, status, and enduring familial pride. In today’s fast-paced market environment, digital platforms provide real-time gold price updates that link local transactions with the global economy, ensuring transparency and fair pricing. Stringent governmental quality control measures further attest to the purity and authenticity of every piece, cementing gold’s status as a secure, reliable investment. For many Nigerians, gold is not only an aesthetic indulgence but also a strategic asset—one that preserves wealth against inflation and currency volatility. Thus, every shining artifact in Nigeria encapsulates a powerful blend of vibrancy, heritage, and forward-thinking financial acumen.

Gold Rates in the Africa