Question 1

What is the 18K gold price today in Nigeria?

Accepted Answer

The 18K gold price in Nigeria is ₦161,831.83 per gram and ₦5,033,536 per troy ounce. This is calculated from the 24K spot price of 4,168.56 USD/oz, multiplied by 18K's purity factor of 0.75 and the USD/NGN rate of 1610.

Question 2

What is 18K gold purity?

Accepted Answer

18K gold is 75.00% pure gold (purity factor 0.75). This means that for every 24 parts, 18 parts are pure gold and 6 parts are alloying metals.

Question 3

How is 18K gold price different from 24K gold price in Nigeria?

Accepted Answer

The 24K gold price in Nigeria is ₦215,775.77 per gram. The 18K gold price is 75.00% of this: ₦161,831.83 per gram.

Question 4

Where can I buy 18K gold in Nigeria?

Accepted Answer

18K gold is available from authorised jewellers, bullion dealers, and banks in Nigeria. Always verify the hallmark and purity certificate. For investment gold, look for BIS-hallmarked products (in India), LBMA-certified bars, or coins from recognised government mints.

Weight	NGN	USD
1 Gram	₦161,831.83	$100.52
2 Grams	₦323,663.65	$201.03
5 Grams	₦809,159.13	$502.58
8 Grams	₦1,294,654.61	$804.13
10 Grams	₦1,618,318.26	$1,005.17
1 Tola (11.66g)	₦1,887,574.05	$1,172.41
1 Troy Ounce (31.1g)	₦5,033,536.20	$3,126.42
50 Grams	₦8,091,591.30	$5,025.83
100 Grams	₦16,183,182.60	$10,051.67
1 Kilogram	₦161,831,826.00	$100,516.66

🇳🇬 18K Gold Price Today in Nigeria | ₦161,831.83/g

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