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🇳🇬 Gold Price Today in Nigeria | ₦6,641,508
Live gold price in Nigerian Naira (NGN) — updated every 5 minutes
Last updated: Jun 19, 2026, 01:01 AM ET
Per Gram (NGN)
₦213,529.27
Per Troy Oz (NGN)
₦6,641,508
Per Kg (NGN)
₦213,529,268
USD/Gold Spot
$4,125.16/oz
USD/NGN Rate
1 USD = 1610 NGN
NGN per gram
₦213,529.27
Gold Market in Nigeria
Nigeria is one of Africa's largest economies and has growing gold production, particularly from artisanal and small-scale miners in states like Kebbi, Niger, and Zamfara. The Central Bank of Nigeria holds limited gold reserves compared to its economic size. The naira's dramatic devaluation in 2023–2024 (from ~460 NGN/USD to over 1,500 NGN/USD) sparked renewed interest in gold.
Why do people in Nigeria buy gold?
Naira devaluation and high inflation have driven Nigerian investors toward gold as a store of value. Gold jewellery plays an important cultural role in Yoruba, Igbo, and Hausa wedding traditions. Lagos-based investment platforms and online dealers have made gold more accessible to Nigeria's growing middle class.
Frequently Asked Questions — Gold in Nigeria
What is the gold price today in Nigeria in naira?
Nigerian gold prices in NGN are quoted by local dealers at the international USD spot price converted at the prevailing official or parallel USD/NGN rate. Given FX market fragmentation, prices can vary significantly between dealers.
How has naira devaluation affected gold prices in Nigeria?
The naira lost approximately 70% of its value against the USD in 2023–2024. This meant NGN-denominated gold prices nearly tripled even as USD gold prices rose modestly. Nigerian gold investors who bought in 2022 saw massive NGN returns.
Can I buy gold online in Nigeria?
Several Nigerian fintech platforms now offer fractional gold investment, including Cowrywise and Rise (investment apps). Traditional dealers are found in Lagos's Computer Village area and major markets. Physical gold bars from reputable refineries can be ordered through international dealers with Nigerian shipping.
Is gold production growing in Nigeria?
Yes. The Nigerian government has been actively supporting the gold mining sector. Licensed artisanal mining zones have been created to formalize production. Companies like Segilola Gold and others are developing industrial-scale mines that could make Nigeria a meaningful West African gold producer.