🇳🇬 Gold Rate Today in Lagos, Nigeria · Monday, 02 November 2026
What is the gold rate in Lagos, Nigeria today?
Gold rate in Lagos, Nigeria today (2 November 2026): 24K gold is ₦169,027 per gram. 22K is ₦154,942 per gram.
Last updatedToday Gold Price in Lagos, Nigeria
| Yesterday | 167,687 |
| 30-day high | 179,581 |
| 30-day low | 167,685 |
| 30-day average | 175,229 |
Volatility: Moderate (1.22% daily) · 30-day change Down (-4.61%)
Gold Price by Weight in Nigeria
| Weight | 24K | 22K |
|---|---|---|
| 1 Gram | ₦169,027 | ₦154,942 |
| 2 Gram | ₦338,054 | ₦309,883 |
| 5 Gram | ₦845,135 | ₦774,708 |
| 8 Gram | ₦1,352,217 | ₦1,239,532 |
| 10 Gram | ₦1,690,271 | ₦1,549,415 |
| Ounce | ₦5,257,330 | ₦4,819,219 |
| 100 Gram | ₦16,902,709 | ₦15,494,150 |
| 1 Kg | ₦169,027,093 | ₦154,941,502 |
Gold Rate in Lagos, Nigeria Today (NGN)
| Karat | Per Gram | Per 8 Gram | Per 10 Gram |
|---|---|---|---|
| 24K | ₦169,027 | ₦1,352,217 | ₦1,690,271 |
| 22K | ₦154,942 | ₦1,239,532 | ₦1,549,415 |
| 21K | ₦147,899 | ₦1,183,190 | ₦1,478,987 |
| 18K | ₦126,770 | ₦1,014,163 | ₦1,267,703 |
Change since yesterday: Up (+0.80%)
Estimated jeweller price in Nigeria
Metal value plus VAT / GST (7.5%), per gram, before making charges. Your jeweller may quote differently.
| Karat | Gold value | Est. at a jeweller |
|---|---|---|
| 24K | ₦169,027 | ₦181,704 |
| 22K | ₦154,942 | ₦166,562 |
| 21K | ₦147,899 | ₦158,991 |
Popular gold coins & bars in Nigeria
| Coin / bar | Gold content | Price today |
|---|---|---|
| 1 oz gold bar 999.9 | 31.1 g | ₦5,256,808 |
| 100 g gold bar 999.9 | 99.99 g | ₦16,901,019 |
Price of the gold in each piece at today's rate. Dealers add a premium (usually 1–5% for coins, less for large bars).
Buying gold in Nigeria: what to know
- Most jewellers sell 18K and 21K gold; ask for the karat in writing.
- Retail prices include a dealer margin over the international price.
Rules and rates change — confirm with the tax authority or your jeweller before you buy.
Gold Price Chart — Nigeria
Gold Price Performance — Nigeria (per gram)
| Period | Then | Change | % |
|---|---|---|---|
| 7 Days | ₦172,273 | -3,246 | -1.88% |
| 15 Days | ₦178,460 | -9,433 | -5.29% |
| 30 Days | ₦177,190 | -8,163 | -4.61% |
Gold in Lagos: what to know
Today's 24K gold price in Lagos, Nigeria is ₦169,027 per gram, up 0.80% from the previous day and down 4.61% over the last 30 days. In the last 30 days it has ranged from ₦167,685 to ₦179,581. The exchange rate used is 1 US dollar = 1,348.45 NGN.
Gold in Nigeria is priced in naira, so the local price moves with two things: the international gold price and the naira–dollar exchange rate. A weaker naira makes gold dearer even when the world price is flat, which is why many Nigerians treat gold as protection for their savings.
Jewellers in Lagos, Abuja, Kano and Ibadan sell mostly 18K and 21K jewellery; 24K bars and coins are bought mainly as savings. Prices are quoted per gram. The figure on this page is the value of the metal; at a shop the price also includes the jeweller's margin and making charges, so ask for the karat and weight in writing.
The Lagos rate follows the Nigeria rate shown above; individual shops add their own making charges and margin.
Gold Rate in Nigeria Cities Today
7 cities| City | 24K / Gram | 22K / Gram |
|---|---|---|
| Lagos | ₦169,027 | ₦154,942 |
| Abuja | ₦169,027 | ₦154,942 |
| Kano | ₦169,027 | ₦154,942 |
| Ibadan | ₦169,027 | ₦154,942 |
| Port Harcourt | ₦169,027 | ₦154,942 |
| Benin City | ₦169,027 | ₦154,942 |
| Kaduna | ₦169,027 | ₦154,942 |
Gold trades at one national rate in Nigeria; jewellers in each city may add small local premiums and making charges.
Quick Answers
What is the Gold rate in Lagos, Nigeria today?
24K gold is ₦169,027 per gram and ₦169,027 per gram today (02 Nov 2026).
How is the Gold price in Nigeria calculated?
It is the international spot price converted to NGN at today's exchange rate. Jewellery prices add making charges and any local taxes.
What units are used for gold here?
Common units in Nigeria: Gram = 1 g, 8 Gram = 8 g, 10 Gram = 10 g, Ounce = 31.1035 g, 100 Gram = 100 g, Kg = 1,000 g.
What is the gold price in Nigeria in Pakistani rupees?
24K gold in Nigeria works out to about Rs 34,688 per gram, compared with Rs 35,210 in Pakistan (1.5% cheaper). This is the metal value only — local taxes, making charges and customs rules are extra.
Which gold karats are sold in Nigeria?
Common karats in Nigeria are 24K, 22K, 21K, 18K. 24K is the purest; lower karats are harder and cheaper per gram.
Is the gold rate in Lagos different from the rest of Nigeria?
The gold rate in Lagos follows the same international price and exchange rate as the rest of Nigeria, so it is usually the same or very close. Shops differ mainly in making charges.
Why does the gold price in naira change when the world price does not?
Because the naira price is the dollar price multiplied by the exchange rate. When the naira weakens against the dollar, the same ounce of gold costs more naira.
How can I check that gold is the karat I am told?
Buy from a jeweller who gives a receipt stating karat and weight, look for a hallmark on the piece, and for larger purchases ask for an electronic (XRF) purity test.
