18K gold price in Nigeria today
On November 5, 2026, 18K gold in Nigeria costs 133,241 NGN per gram and 4,144,246 NGN per troy ounce, based on the live international spot price.
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18K gold price in NGN by weight
| Weight | Spot value | Buy (bid) | Sell (ask) |
|---|---|---|---|
| 1 g | 133,241 | 130,576 | 135,905 |
| 5 g | 666,203 | 652,879 | 679,527 |
| 8 g | 1,065,925 | 1,044,606 | 1,087,243 |
| 10 g | 1,332,406 | 1,305,758 | 1,359,054 |
| Troy ounce | 4,144,246 | 4,061,361 | 4,227,131 |
| Tola | 1,554,092 | 1,523,011 | 1,585,174 |
| Kilogram | 133,240,616 | 130,575,804 | 135,905,429 |
What is 18K gold?
18K gold is 75% pure (hallmark 750). It is the usual fine-jewelry standard in Europe and Latin America and the base for most white and rose gold.
The 18K price is calculated as the 24K price multiplied by 0.75. Today that gives 177,654 × 0.75 = 133,241 NGN per gram.
Quick calculator
NGN exchange rate
| 1 USD | 1,346.4745 NGN |
|---|---|
| 1 EUR | 1,513.0423 NGN |
| 1 GBP | 1,813.8832 NGN |
Gold spot price trend (USD/oz)
How the gold price in Nigeria is calculated
We take the live spot price of 4,103.80 USD per troy ounce, divide it by 31.1035 to get 131.94 USD per gram of pure gold, and multiply by today’s exchange rate of 1,346.4745 NGN per dollar. That gives 177,654 NGN per gram for 24K. Lower karats are priced by their gold content.
In Nigeria, the naira’s exchange rate is the main driver of local gold prices, so prices can change daily even when the spot price is flat.
Before you sell, weigh your pieces on a jeweler’s scale, check the hallmark and compare at least two quotes. Read our guide to selling gold.
More gold prices in Nigeria
24K gold22K gold21K gold18K gold14K gold10K gold9K gold Per gramPer troy ouncePer tolaPer kilogram
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