Gold price per tola in Nigeria
On November 5, 2026, one tola of 24K gold in Nigeria is worth 2,077,677 NGN; 22K is 1,903,153 NGN and 18K is 1,558,258 NGN.
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Price per tola in NGN by karat
| Karat | Per tola | Buy (bid) / gram | Sell (ask) / gram |
|---|---|---|---|
| 24K999 | 2,077,677 | 174,568 | 181,693 |
| 22K916 | 1,903,153 | 159,904 | 166,431 |
| 21K875 | 1,817,968 | 152,747 | 158,981 |
| 18K750 | 1,558,258 | 130,926 | 136,270 |
| 14K585 | 1,215,441 | 102,122 | 106,290 |
| 10K417 | 866,391 | 72,794.75 | 75,765.96 |
| 9K375 | 779,129 | 65,462.90 | 68,134.86 |
About this unit
A tola weighs 11.6638 grams (180 grains). It is the traditional gold unit in India, Pakistan, Nepal, Bangladesh and the Gulf, where 10-tola bars are popular.
Other units: gramtroy ouncekilogram
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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 4,114.80 USD per troy ounce, divide it by 31.1035 to get 132.29 USD per gram of pure gold, and multiply by today’s exchange rate of 1,346.4745 NGN per dollar. That gives 178,130 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