Gold price inNigeria today

This page shows a spot-derived naira value. Local quotes can also include exchange-rate spread, assay, import or logistics costs, workmanship and dealer margin. Jewellery, bullion and locally sourced material may trade through different channels.

Grams are the clearest unit for jewellery, scrap and small bullion transactions in Nigeria. International gold uses the troy ounce, equal to 31.1035 grams. Use the same verified purity and weight unit when comparing buyers.

Tax and regulatory treatment can depend on the product, seller, import status and whether the transaction is retail jewellery, bullion or mined material. Rules can change, so request an itemised invoice and confirm current requirements with the relevant Nigerian authority or adviser.

24K is the fine-gold reference, 22K is about 91.7% and 18K is 75%. Jewellery durability, colour and regional preference influence the alloy used, but only verified fine-gold content should be used for melt valuation.

The international gold and currency inputs are shared, but access to foreign exchange, transport, assay, local supply, shop competition and dealer spread can differ. Compare quotes taken at the same time and ask how purity was tested.

The page refreshes its spot and currency references approximately every three minutes while the tab is visible, then refreshes once when you return. The timestamp beside the live rate shows the latest successful update.

Gold jewellery, small bars and coins can all be found, while locally sourced or scrap material may require additional assay. Buyers should verify purity, net weight, seller documentation and the terms for resale or exchange.

Use NGN per gram for most local transactions and NGN per troy ounce for international context. Because exchange-rate spreads can be significant, record the timestamp and rate basis used by each dealer.