24 Karat
(999.9 pure)
₦198,653
per gram
Per gram₦198,653
Per troy ounce₦6,178,796
Gold Rate / Nigeria
Gold Rate in Nigeria Today
LiveLive gold rates for Nigeria by karat purity. Prices are market references only - final cost varies by jeweler premium, making charges, taxes, and local spread.
Updated:
Currency: NGN
Track Nigeria gold rate today with 24K, 22K, and 18K prices in NGN. The current benchmark is ₦198,653 per gram and ₦6,178,796 per troy ounce, with city references for Lagos, Abuja, Kano, Port Harcourt, Ibadan, and Onitsha. Use this page as your Nigeria benchmark before workmanship, VAT on jewelry, and local dealer spread.
Today vs Yesterday (24K / gram)
₦198,652.89
Yesterday: ₦199,803.73
Down ₦1,150.84 (-0.58%)
24K per Troy Ounce
₦6,178,796
Local reference update:
Silver
How much is my Gold worth?
Enter quantity, weight unit, and purity to estimate current value.
Estimated Value
₦182,098.48
₦182,098.48 per gram (22k)
Weight in grams: 1.000
Gold Price Today in Nigeria
If you are searching for gold rate in Nigeria today, this page provides 24K, 22K and 18K references in NGN with gram and troy-ounce focus, CBN reserve context, artisanal and formal supply notes, VAT context, and city-level spread checks.
22 Karat
(916 fineness)
₦182,098
per gram
Per gram₦182,098
Per troy ounce₦5,663,896
21 Karat
(875 fineness)
₦173,821
per gram
Per gram₦173,821
Per troy ounce₦5,406,446
18 Karat
(750 fineness)
₦148,990
per gram
Per gram₦148,990
Per troy ounce₦4,634,097
PURITY COMPARISON
24K
99.9%
22K
91.6%
21K
87.5%
18K
75.0%
Gold Price Per Gram, Troy Ounce & Tola in Nigeria
Unit breakdown below is 24K reference only. Each row shows today price, yesterday reference, and daily move to avoid duplicate interpretation across cards.
| Unit | Today | Yesterday | Day Change |
|---|---|---|---|
| Per Gram (24K) | ₦198,652.89 | ₦199,803.73 | ₦1,150.84 (-0.58%) |
| Per 10 Gram (24K) | ₦1,986,528.92 | ₦1,998,037.31 | ₦11,508.40 (-0.58%) |
| Per Tola (24K) | ₦2,317,048.35 | ₦2,330,471.52 | ₦13,423.17 (-0.58%) |
| Per Troy Ounce (24K) | ₦6,178,795.61 | ₦6,214,590.72 | ₦35,795.11 (-0.58%) |
Nigeria Gold Price Chart (per gram)
Trend view for Nigeria, Nigeria. This chart uses the same local reference series shown in the table below.
Gold Rate Changes for Last 10 days in Nigeria
This 10-day table shows the short-term direction for 18K, 22K and 24K rates in Nigeria.
| Date | 18k | 22k | 24k | Change |
|---|---|---|---|---|
| 21 May 2026 | ₦148,989.67 | ₦182,098.48 | ₦198,652.89 | -0.58% |
| 20 May 2026 | ₦149,852.80 | ₦183,153.42 | ₦199,803.73 | +0.55% |
| 19 May 2026 | ₦149,026.03 | ₦182,142.93 | ₦198,701.38 | -1.01% |
| 18 May 2026 | ₦150,553.90 | ₦184,010.32 | ₦200,738.54 | -0.07% |
| 15 May 2026 | ₦150,663.03 | ₦184,143.70 | ₦200,884.04 | -2.61% |
| 14 May 2026 | ₦154,707.57 | ₦189,087.03 | ₦206,276.76 | -0.42% |
| 13 May 2026 | ₦155,355.76 | ₦189,879.26 | ₦207,141.01 | +0.43% |
| 12 May 2026 | ₦154,691.04 | ₦189,066.82 | ₦206,254.72 | -0.87% |
| 11 May 2026 | ₦156,050.24 | ₦190,728.07 | ₦208,066.99 | -0.04% |
| 08 May 2026 | ₦156,106.45 | ₦190,796.77 | ₦208,141.94 | +0.44% |
Daily Gold Rates in Nigeria (Last 30 Days)
Review the broader 30-day trend to understand how today gold rate in Nigeria compares with recent market movement (21 Apr 2026 to 21 May 2026).
| Date | 18k | 22k | 24k | Change |
|---|---|---|---|---|
| 21 May 2026 | ₦148,989.67 | ₦182,098.48 | ₦198,652.89 | -0.58% |
| 20 May 2026 | ₦149,852.80 | ₦183,153.42 | ₦199,803.73 | +0.55% |
| 19 May 2026 | ₦149,026.03 | ₦182,142.93 | ₦198,701.38 | -1.01% |
| 18 May 2026 | ₦150,553.90 | ₦184,010.32 | ₦200,738.54 | -0.07% |
| 15 May 2026 | ₦150,663.03 | ₦184,143.70 | ₦200,884.04 | -2.61% |
| 14 May 2026 | ₦154,707.57 | ₦189,087.03 | ₦206,276.76 | -0.42% |
| 13 May 2026 | ₦155,355.76 | ₦189,879.26 | ₦207,141.01 | +0.43% |
| 12 May 2026 | ₦154,691.04 | ₦189,066.82 | ₦206,254.72 | -0.87% |
| 11 May 2026 | ₦156,050.24 | ₦190,728.07 | ₦208,066.99 | -0.04% |
| 08 May 2026 | ₦156,106.45 | ₦190,796.77 | ₦208,141.94 | +0.44% |
| 07 May 2026 | ₦155,425.19 | ₦189,964.13 | ₦207,233.59 | +0.38% |
| 06 May 2026 | ₦154,833.23 | ₦189,240.62 | ₦206,444.31 | +2.77% |
| 05 May 2026 | ₦150,663.03 | ₦184,143.70 | ₦200,884.04 | +0.80% |
| 04 May 2026 | ₦149,462.57 | ₦182,676.48 | ₦199,283.43 | -2.38% |
| 01 May 2026 | ₦153,113.56 | ₦187,138.80 | ₦204,151.42 | +0.33% |
| 30 Apr 2026 | ₦152,610.90 | ₦186,524.43 | ₦203,481.20 | +1.53% |
| 29 Apr 2026 | ₦150,312.49 | ₦183,715.27 | ₦200,416.66 | -1.01% |
| 28 Apr 2026 | ₦151,843.66 | ₦185,586.69 | ₦202,458.21 | -1.79% |
| 27 Apr 2026 | ₦154,618.28 | ₦188,977.89 | ₦206,157.70 | -0.99% |
| 24 Apr 2026 | ₦156,169.28 | ₦190,873.57 | ₦208,225.71 | +0.37% |
| 23 Apr 2026 | ₦155,600.48 | ₦190,178.36 | ₦207,467.30 | -0.58% |
| 22 Apr 2026 | ₦156,506.61 | ₦191,285.86 | ₦208,675.48 | +0.73% |
| 21 Apr 2026 | ₦155,378.90 | ₦189,907.54 | ₦207,171.87 | 0.00% |
Gold Price in Major Cities of Nigeria
City references below apply local market spread assumptions over the national 24K benchmark so rates are not shown as identical placeholders. Final quotes can still vary by dealer policy and inventory.
Nigeria Gold Benchmark, CBN Reserve Context & Domestic Supply
Nigeria gold pricing follows global XAU spot converted into NGN, with Lagos acting as the country's main bullion and premium-jewelry reference corridor. Current 24K benchmark on this page is ₦198,652.89 per gram and ₦6,178,795.61 per troy ounce.
Central Bank of Nigeria reserve reporting keeps gold visible inside external-reserve management, while federal mining and exploration programmes continue pushing more domestic gold through formal channels. Final jewelry checkout can still differ materially from the benchmark once workmanship, VAT, and store margin are added. With 1 USD near 1371.48 NGN, naira moves can materially change local benchmark speed versus global spot.
Nigeria Gold Market Structure
| Channel | Reference Layer | Notes |
|---|---|---|
| Bullion-style bars | Spot-linked benchmark | Higher-purity bars and investor quotes usually track live NGN-converted spot most closely |
| Formalized domestic supply | Policy-sensitive layer | Federal programmes such as PAGMI and NGSA exploration work support longer-term formal gold supply development |
| Gold jewelry | Retail billing | Final checkout depends on workmanship, dealer margin, and standard VAT handling |
| Making charges | Service add-on | Design and labor costs sit above the live metal benchmark shown on this page |
Nigerian Jewelry & Investment Gold Mix
| Reference | Purity | Typical Use |
|---|---|---|
| 999 / 995 | 99.9% / 99.5% | Bullion bars, higher-purity investor products, and formal spot-linked references |
| 916 | 91.6% | 22K family jewelry and heavier traditional buying references |
| 750 | 75.0% | 18K premium jewelry benchmark in upscale city retail corridors |
| 585 | 58.5% | 14K lighter commercial jewelry and fashion-led retail |
CBN Reserve Context & Domestic Gold Formalization
CBN reporting keeps gold visible within Nigeria's external-reserve framework, while federal gold-sector programmes such as PAGMI and NGSA exploration work point to a longer-term effort to formalize supply and raise confidence in domestic precious-metals infrastructure.
That gives Nigeria a distinctive gold-market identity: investors and families often compare live NGN spot conversion with local dealer inventory, bank-transfer practicalities, and informal-versus-formal supply confidence before buying.
City Market Context in Nigeria
Lagos usually runs the tightest domestic benchmark spread because dealer density, premium-jewelry retail, and inventory depth are strongest there. Abuja and Kano follow as the next most visible markets, while Port Harcourt adds affluent coastal demand and business-linked retail buying.
Ibadan and Onitsha can show modest local variation depending on inventory depth, regional demand, and store-margin policy. Use gram and troy-ounce benchmarks first, then compare city rows for spread checks before finalizing jewelry or bullion purchases.
Why Gold Prices Change
Gold prices in Nigeria are driven by global XAU/USD movement converted into NGN, plus local dealer spread and product-level premium. USD/NGN shifts can move Nigerian pricing even when dollar spot is stable. CBN reserve context, formalization of domestic gold supply, and standard VAT plus workmanship on jewelry all influence local benchmark behavior.
Global XAU Spot
International spot gold remains the first driver of Nigerian pricing and is passed into NGN benchmarks through live conversion.
USD/NGN Exchange Rate
Naira movement can raise or compress Nigeria gold rates even when dollar-denominated spot is relatively stable.
CBN Reserve Context
Reserve-management reporting from CBN helps frame domestic confidence around gold as part of Nigeria's broader reserve mix.
Formal Supply Development
NGSA exploration work and formalization programmes such as PAGMI matter for longer-term local supply confidence and bullion visibility.
Retail VAT Layer
Jewelry checkout usually includes VAT and making charges, so final retail invoices can differ materially from live bullion-style benchmarks.
Lagos-Led Dealer Spread
Lagos generally runs the tightest competition, while lower-volume regional city markets can quote a wider retail spread.
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Disclaimer: Gold rates are indicative and may vary by city, jeweler premiums, making charges, taxes, and exchange spreads. Data is informational only and not financial advice.