Gold rate today in Nigeria: 24K per gram, 2026-11-12
On 2026-11-12 24K gold in Nigeria costs 171,840 NGN per gram (sources: 9, confidence: high). The exchange rate of the US dollar implied by gold is 1,344 NGN.
Gold prices in Nigeria today, NGN
| Purity | Unit | Buy | Sell | Mid |
|---|---|---|---|---|
| 24K | gram | — | — | 171,840 |
| 24K | 10 g | — | — | 1,718,401 |
| 24K | tola | — | — | 2,004,309 |
| 22K | gram | — | — | 157,563 |
| 22K | 10 g | — | — | 1,575,631 |
| 22K | tola | — | — | 1,837,784 |
| 21K | gram | — | — | 150,511 |
| 21K | 10 g | — | — | 1,505,106 |
| 21K | tola | — | — | 1,755,526 |
| 18K | gram | — | — | 129,009 |
| 18K | 10 g | — | — | 1,290,091 |
| 18K | tola | — | — | 1,504,736 |
| 14K | gram | — | — | 100,627 |
| 14K | 10 g | — | — | 1,006,271 |
| 14K | tola | — | — | 1,173,694 |
Three rates of the US dollar, NGN, 2026-11-12
| Rate | NGN per USD | Gold rate against it |
|---|---|---|
| Official | — | — |
| Street | 1,390 | -3.3% |
| Implied by gold | 1,344 | — |
The usual level of the premium is still being measured: the comparison starts after enough quiet days.
What the gold rate means
The local price of gold follows the world price in US dollars and the exchange rate people actually pay. The local price of a gram of pure gold divided by the world price of a gram gives the exchange rate of the dollar implied by gold. A small premium over the street rate is normal (import costs, duties, margins); a premium above its usual level means that local demand for gold — and for dollars — is stronger than the street rate shows. The gold rate is a separate series: it never enters the street index.