Gold price per troy ounce in Nigeria
On November 5, 2026, one troy ounce of 24K gold in Nigeria is worth 5,525,662 NGN; 22K is 5,061,506 NGN and 18K is 4,144,246 NGN.
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Price per troy ounce in NGN by karat
| Karat | Per troy ounce | Buy (bid) / gram | Sell (ask) / gram |
|---|---|---|---|
| 24K999 | 5,525,662 | 174,101 | 181,207 |
| 22K916 | 5,061,506 | 159,477 | 165,986 |
| 21K875 | 4,834,954 | 152,338 | 158,556 |
| 18K750 | 4,144,246 | 130,576 | 135,905 |
| 14K585 | 3,232,512 | 101,849 | 106,006 |
| 10K417 | 2,304,201 | 72,600.15 | 75,563.42 |
| 9K375 | 2,072,123 | 65,287.90 | 67,952.71 |
About this unit
Gold is priced internationally per troy ounce, which equals 31.1035 grams — about 10% heavier than the ordinary (avoirdupois) ounce of 28.35 g.
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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
South Africa ZAR
Angola AOA
Botswana BWP
Burkina Faso XOF
Cameroon XAF
Chad XAF
Comoros KMF
Côte d’Ivoire XOF
DR Congo CDF
Djibouti DJF
Equatorial Guinea XAF
Eritrea ERN