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Category: Gold News

Gold Prices (Per Gram) in Nigeria Today

By Published On: March 18, 20241.5 min readViews: 1600 Comments on Gold Prices (Per Gram) in Nigeria Today

Gold remains a significant commodity in Nigeria, reflecting both the nation’s economic health and the global market’s fluctuations.

As of March 18th, 2024, the gold prices per gram in Nigeria have been subject to various factors, including global demand, currency exchange rates, and local market conditions.

Below, we answer some frequently asked questions about today’s gold prices in Nigeria.

What is the price of gold per gram in Nigeria today?

As of March 18th, 2024, the gold prices per gram in Nigeria are as follows:

  • 24K Gold: ₦112,281.44
  • 22K Gold: ₦102,849.80
  • 21K Gold: ₦98,246.26
  • 18K Gold: ₦84,211.08
  • 14K Gold: ₦65,684.64
  • 12K Gold: ₦56,140.72
  • 10K Gold: ₦46,821.36
  • 9K Gold: ₦42,105.54
  • 8K Gold: ₦37,389.72

How are these prices determined?

The prices of gold per gram in Nigeria are influenced by the international gold market, the USD to NGN exchange rate, and local market dynamics. The rates are updated frequently to reflect the live spot gold price.

What could affect the future prices of gold in Nigeria?

Several factors could influence the future prices of gold in Nigeria, including:

  • Global Economic Stability: Economic downturns or stability can significantly impact gold prices.
  • Currency Fluctuations: Changes in the value of the Nigerian Naira against the US dollar can affect gold prices.
  • Supply and Demand: The balance between gold production and consumer demand can cause price changes.
  • Investor Behavior: Investor decisions based on market conditions can lead to price volatility.

Where can I buy gold in Nigeria?

Gold can be purchased from licensed jewelers, gold traders, and financial institutions offering precious metal investments. It’s crucial to ensure that you’re dealing with reputable sources to avoid counterfeit products.

Gold Price Table (Per Gram in NGN)

Karat Price (₦)
24K 112,281.44
22K 102,849.80
21K 98,246.26
18K 84,211.08
14K 65,684.64
12K 56,140.72
10K 46,821.36
9K 42,105.54
8K 37,389.72

For the most accurate and up-to-date information, it’s recommended to check with local gold traders or stay tuned to Okay.ng.


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