Data as of 2026-07-30. Sources: Gold API (indicative XAU spot), Frankfurter (official central-bank FX rates).
30-day trend
Over the last 30 days the computed price per gram rose by 0.9% — from NGN 179,491 to NGN 181,125 per gram. The series is built from daily COMEX futures closes and official daily FX rates.
Gold price by year
| Year | Low (gram) | High (gram) | Average (gram) |
|---|---|---|---|
| 2026 | NGN 177,293 | NGN 218,816 | NGN 194,209 |
| 2025 | NGN 139,123 | NGN 201,039 | NGN 169,791 |
| 2024 | NGN 59,782 | NGN 145,325 | NGN 109,528 |
| 2023 | NGN 27,144 | NGN 56,301 | NGN 37,518 |
| 2022 | NGN 22,233 | NGN 26,159 | NGN 24,258 |
| 2021 | NGN 21,126 | NGN 24,071 | NGN 22,936 |
| 2020 | NGN 15,372 | NGN 23,477 | NGN 20,663 |
| 2019 | NGN 12,646 | NGN 15,007 | NGN 13,653 |
| 2018 | NGN 11,773 | NGN 13,236 | NGN 12,461 |
| 2017 | NGN 12,336 | NGN 13,901 | NGN 12,695 |
| 2016 | NGN 7,128 | NGN 13,288 | NGN 10,359 |
| 2015 | NGN 6,763 | NGN 7,596 | NGN 7,277 |
| 2014 | NGN 6,170 | NGN 6,866 | NGN 6,534 |
| 2013 | NGN 6,179 | NGN 8,328 | NGN 7,203 |
| 2012 | NGN 7,900 | NGN 9,078 | NGN 8,532 |
Yearly aggregates of daily COMEX futures closes converted at same-date official FX rates. FX history is available from 1999.
Price per gram by purity
| Fineness | Purity | Price per gram |
|---|---|---|
| 999.9 (24 karat) | 99.99% | NGN 178,887 |
| 958 (23 karat) | 95.80% | NGN 171,391 |
| 916 (22 karat) | 91.60% | NGN 163,877 |
| 750 (18 karat) | 75.00% | NGN 134,179 |
| 585 (14 karat) | 58.50% | NGN 104,659 |
| 375 (9 karat) | 37.50% | NGN 67,089 |
The purity price is the share of pure gold in the alloy multiplied by the 999.9 gram price. Jewellery retails well above the metal value.
Gold value by weight
| Weight | Value (999.9) |
|---|---|
| 1 gram | NGN 178,905 |
| 5 grams | NGN 894,524 |
| 10 grams | NGN 1,789,047 |
| 20 grams | NGN 3,578,095 |
| Troy ounce (31.1 g) | NGN 5,564,564 |
| 50 grams | NGN 8,945,237 |
| 100 grams | NGN 17,890,475 |
| 1 kilogram | NGN 178,904,749 |
Computed from the exchange price of pure gold: minted bars sell at a premium over these values at banks and are bought back at a discount.
Frequently asked questions
How much is 1 gram of gold in Nigerian naira today?
The computed price of one gram of gold (999.9 fine) is NGN 178,905 at the official NGN rate. Real-world bank or jeweller prices are higher by the dealer premium, VAT and fees.
How is this price calculated?
We take the global indicative gold price (XAU/USD) and multiply it by the official NGN rate from central-bank data (Frankfurter). It is a computed value: local dealer premiums, taxes and delivery are not included.
Why is the price at a shop or bank different?
Banks and jewellers add a premium over the market price for fabrication, logistics, VAT and their own margin, and apply a discount when buying back. The gap typically runs from 2–3% on investment bars to tens of percent on jewellery.
How much is a gram of 14k (585) gold in Nigerian naira?
The computed price of one gram of 585 (14k) gold is NGN 104,659 — 58.5% of the pure 999.9 gram price. Most jewellery is made of this alloy, and shops sell it well above the metal value.
How much is a troy ounce of gold in Nigerian naira?
A troy ounce — 31.1035 grams — is worth about NGN 5,564,564 at the current computation. Global exchanges quote gold per troy ounce (XAU/USD).
How often is the data updated?
This page recalculates at least once an hour. The global gold price on the World Gold home page updates every few seconds.
Other currencies
Methodology and data limitations are described on the methodology page. This is not investment advice — see the disclaimer.