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

Gold Price in Nigeria per Tola

1 Gold Tola = 339,921.26 Nigerian Naira

Gold price is updated at Monday 27 March 2023, 07:03 am, GMT (Monday 27 March 2023, 08:03 am, Lagos time)

The following table shows the latest gold price in Nigeria in Nigerian Naira (NGN) per Tola. 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 Tola 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 Tola 24K (.999) 339,581.34
Gold Tola 22K (.916) 311,367.87
Gold Tola 21K (.875) 297,431.10
Gold Tola 18K (.750) 254,940.94
Gold Tola 14K (.585) 198,853.94
Gold Tola 12K (.500) 169,960.63
Gold Tola 10K (.417) 141,747.17
Gold Tola 9K (.375) 127,470.47
Gold Tola 8K (.333) 113,193.78

Tola is a unit for weighing gold used in Jewelleries in Nigeria. 1 Tola = 0.375 troy ounce, 1 troy ounce = 2.6666666666667 Tola. Today, Monday 27 March 2023 in Nigeria, 1 Tola of gold = 339,921.26 Nigerian Naira.

tola*

Gold price chart in Nigeria in Nigerian Naira Tola

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Commonly Used Gold Tola 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 Tola 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 Tola 24K in Nigeria is 339,581.34 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 Tola 22K in Nigeria is 311,367.87 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 Tola 21K in Nigeria is 297,431.10 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 Tola 18K in Nigeria is 254,940.94 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 Tola 14K in Nigeria is 198,853.94 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 Tola 12K in Nigeria is 169,960.63 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 Tola 10K in Nigeria is 141,747.17 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 Tola 9K in Nigeria is 127,470.47 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 Tola 8K in Nigeria is 113,193.78 Nigerian Naira.

Historical gold prices in Nigerian Naira per Tola

Date Tola
26 Mar 23 341,940.60
25 Mar 23 341,940.60
24 Mar 23 343,984.09
23 Mar 23 341,242.59
22 Mar 23 334,607.59
21 Mar 23 341,873.77
20 Mar 23 341,235.17
19 Mar 23 343,270.39
18 Mar 23 343,270.39
17 Mar 23 333,330.13
16 Mar 23 330,215.10
15 Mar 23 328,324.63
14 Mar 23 328,942.86
13 Mar 23 324,614.67
12 Mar 23 322,794.39
11 Mar 23 322,794.39
10 Mar 23 316,291.19
09 Mar 23 313,400.63
08 Mar 23 312,812.49
07 Mar 23 319,172.83
06 Mar 23 320,357.15
05 Mar 23 320,357.15
04 Mar 23 320,357.15
03 Mar 23 317,419.57
02 Mar 23 316,837.15
01 Mar 23 316,256.85
28 Feb 23 313,372.73
27 Feb 23 312,233.26
26 Feb 23 312,798.91
25 Feb 23 312,798.91
Amount NGN
1 tola 339,921.26
2 tola 679,842.52
3 tola 1,019,763.78
4 tola 1,359,685.04
5 tola 1,699,606.30
6 tola 2,039,527.56
7 tola 2,379,448.82
8 tola 2,719,370.08
9 tola 3,059,291.34
10 tola 3,399,212.60
20 tola 6,798,425.20
30 tola 10,197,637.80
40 tola 13,596,850.39
50 tola 16,996,062.99
60 tola 20,395,275.59
70 tola 23,794,488.19
80 tola 27,193,700.79
90 tola 30,592,913.39
100 tola 33,992,125.98
200 tola 67,984,251.97
300 tola 101,976,377.95
400 tola 135,968,503.94
500 tola 169,960,629.92
600 tola 203,952,755.91
700 tola 237,944,881.89
800 tola 271,937,007.87
900 tola 305,929,133.86
1000 tola 339,921,259.84

Gold Price in Major Cities of Nigeria

NGN/Tola
Lagos 339,921.26
Kano 339,921.26
Ibadan 339,921.26
Kaduna 339,921.26
Port Harcourt 339,921.26
Benin City 339,921.26
Maiduguri 339,921.26
Zaria 339,921.26
Aba 339,921.26
Jos 339,921.26
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, 07:03:03
Ounce $1,968.50
Tola $738.19
Kilogram $63,295.95
Gram 24K $63.30
Gram 22K $58.02
Gram 21K $55.37
Gram 18K $47.46
Gram 14K $36.93
Gram 12K $31.65
Gram 10K $26.37
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