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  1. Gold Rate
  2. Nigeria
  3. Ounce
Ounce Gram Kilogram Tola
24K 22K 21K 18K 14K 12K 10K 9K 8K

Gold Price in Nigeria per Ounce

1 Gold Ounce = 908,244.58 Nigerian Naira

Gold price is updated at Monday 27 March 2023, 06:53 am, GMT (Monday 27 March 2023, 07:53 am, Lagos time)

The following table shows the latest gold price in Nigeria in Nigerian Naira (NGN) per Ounce. The rates are updated every few minutes and are updated more frequently at times of strong price moves based on live spot gold price (Bid Price).

Gold prices per Ounce are converted from USD to Nigerian Naira according to the latest exchange rates where 1 USD = 460.48 Nigerian Naira.

Gold Unit Nigerian Naira (NGN)
Gold Ounce 24K (.999) 907,336.33
Gold Ounce 22K (.916) 831,952.03
Gold Ounce 21K (.875) 794,714.00
Gold Ounce 18K (.750) 681,183.43
Gold Ounce 14K (.585) 531,323.08
Gold Ounce 12K (.500) 454,122.29
Gold Ounce 10K (.417) 378,737.99
Gold Ounce 9K (.375) 340,591.72
Gold Ounce 8K (.333) 302,445.44

Ounce is a unit for weighing gold used in Jewelleries in Nigeria. Today, Monday 27 March 2023 in Nigeria, 1 Ounce of gold = 908,244.58 Nigerian Naira.

ounce*

Gold price chart in Nigeria in Nigerian Naira Ounce

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Commonly Used Gold Ounce Karats in Nigeria

Note: Do not be confused between the two terms of "Karat" and "Carat". Carat is a unit of weight for diamonds where 1 carat= 0.2 grams. While a karat is a unit of purity of gold where gold 18 karat means gold which is 18/24 pure i.e. the absolutely pure gold should be karat 24.

The following are commonly used Ounce karats in Nigeria as well as other countries:

  • Karat 24 is also called (.999) and is 999/1000 pure. Practically, it is never used in making jewelleries in America and Europe but sometimes used in Asia. Today, Monday 27 March 2023, the current price of gold Ounce 24K in Nigeria is 907,336.33 Nigerian Naira.
  • Karat 22 is also called (.916) and is 916/1000 pure. Practically, it is rarely used in making jewelleries in America and Europe but is commonly used in Asia. Today, Monday 27 March 2023, the current price of gold Ounce 22K in Nigeria is 831,952.03 Nigerian Naira.
  • Karat 21 is also called (.875) and is 875/1000 pure. Practically, it is rarely used in making jewelleries except some countries in middle east. Today, Monday 27 March 2023, the current price of gold Ounce 21K in Nigeria is 794,714.00 Nigerian Naira.
  • Karat 18 is also called (.750) and is 750/1000 pure. Practically, it is sometimes used in making jewelleries in America and Asia, and it is the most common in Europe. Today, Monday 27 March 2023, the current price of gold Ounce 18K in Nigeria is 681,183.43 Nigerian Naira.
  • Karat 14 is also called (.585) and is 585/1000 pure. However, karat 14 should be 14/24 pure i.e. 583 but practically karat 14 is slightly higer in purity than this so it is called .585 and not .583. Practically, it is the most common in America and is sometimes used in Europe and rarely used in Asia. Today, Monday 27 March 2023, the current price of gold Ounce 14K in Nigeria is 531,323.08 Nigerian Naira.
  • Karat 12 is also called (.500) and is 500/1000 pure. Practically, it is rarely used. Today, Monday 27 March 2023, the current price of gold Ounce 12K in Nigeria is 454,122.29 Nigerian Naira.
  • Karat 10 is also called (.417) and is 417/1000 pure. Practically, it is sometimes used in Europe and never used in Asia. It is the minimum accepted standard in America. Today, Monday 27 March 2023, the current price of gold Ounce 10K in Nigeria is 378,737.99 Nigerian Naira.
  • Karat 9 is also called (.375) and is 375/1000 pure. Practically, it is sometimes used England and Canada. Today, Monday 27 March 2023, the current price of gold Ounce 9K in Nigeria is 340,591.72 Nigerian Naira.
  • Karat 8 is practically never used in USA and Asia. It is the minimum accepted standard in Europe. Today, Monday 27 March 2023, the current price of gold Ounce 8K in Nigeria is 302,445.44 Nigerian Naira.

Historical gold prices in Nigerian Naira per Ounce

Date Ounce
26 Mar 23 911,841.60
25 Mar 23 911,841.60
24 Mar 23 917,290.89
23 Mar 23 909,980.24
22 Mar 23 892,286.90
21 Mar 23 911,663.39
20 Mar 23 909,960.46
19 Mar 23 915,387.70
18 Mar 23 915,387.70
17 Mar 23 888,880.34
16 Mar 23 880,573.59
15 Mar 23 875,532.34
14 Mar 23 877,180.96
13 Mar 23 865,639.12
12 Mar 23 860,785.03
11 Mar 23 860,785.03
10 Mar 23 843,443.17
09 Mar 23 835,735.00
08 Mar 23 834,166.63
07 Mar 23 851,127.55
06 Mar 23 854,285.74
05 Mar 23 854,285.74
04 Mar 23 854,285.74
03 Mar 23 846,452.19
02 Mar 23 844,899.06
01 Mar 23 843,351.61
28 Feb 23 835,660.62
27 Feb 23 832,622.04
26 Feb 23 834,130.42
25 Feb 23 834,130.42
Amount NGN
1 oz 908,244.58
2 oz 1,816,489.15
3 oz 2,724,733.73
4 oz 3,632,978.30
5 oz 4,541,222.88
6 oz 5,449,467.46
7 oz 6,357,712.03
8 oz 7,265,956.61
9 oz 8,174,201.18
10 oz 9,082,445.76
20 oz 18,164,891.52
30 oz 27,247,337.28
40 oz 36,329,783.04
50 oz 45,412,228.80
60 oz 54,494,674.56
70 oz 63,577,120.32
80 oz 72,659,566.07
90 oz 81,742,011.83
100 oz 90,824,457.59
200 oz 181,648,915.19
300 oz 272,473,372.78
400 oz 363,297,830.37
500 oz 454,122,287.97
600 oz 544,946,745.56
700 oz 635,771,203.16
800 oz 726,595,660.75
900 oz 817,420,118.34
1000 oz 908,244,575.94

Gold Price in Major Cities of Nigeria

NGN/Ounce
Lagos 908,244.58
Kano 908,244.58
Ibadan 908,244.58
Kaduna 908,244.58
Port Harcourt 908,244.58
Benin City 908,244.58
Maiduguri 908,244.58
Zaria 908,244.58
Aba 908,244.58
Jos 908,244.58
161 comments
« Previous 1 2 3
  • Adepoju Folusho says:
    October 29, 2018 at 1:10 pm

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    Reply
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Gold Spot Rate
Gold Unit Gold Rate
27 Mar 2023, 06:53:03
Ounce $1,972.39
Tola $739.64
Kilogram $63,420.79
Gram 24K $63.42
Gram 22K $58.13
Gram 21K $55.48
Gram 18K $47.55
Gram 14K $37.01
Gram 12K $31.71
Gram 10K $26.43
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