Karat | Ounce | Gram |
---|---|---|
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 |
Gold Price Analysis
- ▲ 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.
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FAQ
What is today’s gold price per gram in Nigeria?
Determined daily from LBMA London rates and the parallel NGN/USD rate.
Who publishes the official gold rates in Nigeria?
The Central Bank of Nigeria issues a daily gold price bulletin.
Where can investors buy and sell gold in Lagos?
On Broad Street and through licensed dealers in Victoria Island.
How do diaspora remittances influence gold demand?
High remittance inflows boost household budgets for gold purchases.
Is gold considered a safe investment in Nigeria?
Yes—crucial for wealth preservation amid currency volatility.
Popular Gold Bullion Prices Worldwide
Weight | Price in USD | Price in NGN |
---|---|---|
Ounce | $3,327.87 | NGN: 5,356,039.42 |
Gram | $106.99 | NGN: 172,200.54 |
2.5 Gram | $267.48 | NGN: 430,501.34 |
5 Gram | $534.97 | NGN: 861,002.69 |
10 Gram | $1,069.93 | NGN: 1,722,005.38 |
50 Gram | $5,349.67 | NGN: 8,610,026.88 |
100 Gram | $10,699.34 | NGN: 17,220,053.76 |
Half Kilogram | $53,496.70 | NGN: 86,100,268.80 |
Kilogram | $106,993.39 | NGN: 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.