Data as of 2026-09-26. 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 fell by 8.6% — from NGN 201,785 to NGN 184,479 per gram. The series is built from daily COMEX futures closes and official daily FX rates.
Price per gram by purity
| Fineness | Purity | Price per gram |
|---|---|---|
| 999.9 (24 karat) | 99.99% | NGN 182,985 |
| 958 (23 karat) | 95.80% | NGN 175,317 |
| 916 (22 karat) | 91.60% | NGN 167,631 |
| 750 (18 karat) | 75.00% | NGN 137,252 |
| 585 (14 karat) | 58.50% | NGN 107,057 |
| 375 (9 karat) | 37.50% | NGN 68,626 |
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 183,003 |
| 5 grams | NGN 915,015 |
| 10 grams | NGN 1,830,030 |
| 20 grams | NGN 3,660,061 |
| Troy ounce (31.1 g) | NGN 5,692,035 |
| 50 grams | NGN 9,150,152 |
| 100 grams | NGN 18,300,305 |
| 1 kilogram | NGN 183,003,046 |
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 gold in Nigeria today?
A gram of 999.9 gold in Nigeria works out at NGN 183,003 at the official NGN rate — NGN 5,692,031 an ounce and NGN 183,003,046 a kilogram. That is the market calculation; jewellers and banks charge more for premium, tax and workmanship.
How much is 1 gram of gold in Nigerian naira today?
The computed price of one gram of gold (999.9 fine) is NGN 183,003 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 107,057 — 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 5,692,035 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
Country gold-market overviews using this currency: Nigeria
Methodology and data limitations are described on the methodology page. This is not investment advice — see the disclaimer.