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🇳🇬 Platinum Price Per Gram in Nigeria | ₦100,736.35
Platinum price per gram in Nigerian Naira (NGN) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET — Exchange rate: 1 USD = 1610 NGN
Per Gram (NGN)
₦100,736.35
Per 10 Grams (NGN)
₦1,007,364
Per Troy Oz (NGN)
₦3,133,253
Per Kg (NGN)
₦100,736,354
About Platinum Prices in Nigeria
The platinum price in Nigeria is derived from the international spot price (denominated in USD per troy ounce) and converted to Nigerian Nairaat the current exchange rate. Platinum is one of the world's rarest metals — annual mine production is roughly 200 tonnes, compared to 3,300 tonnes of gold.
Approximately 70-75% of the world's platinum is mined in South Africa, making supply conditions in that country a key price driver. Industrial demand — primarily automotive catalysts and emerging hydrogen fuel cell technology — accounts for over 50% of annual consumption. Investment demand via ETFs and bars/coins makes up most of the remainder.
Frequently Asked Questions — Platinum Price in Nigeria
What is the platinum price per gram in Nigeria today?
The platinum price per gram in Nigeria is currently ₦100,736.35 (NGN). This is calculated from the international platinum spot price of $1,946.12/troy oz divided by 31.1 grams per troy ounce, then multiplied by the USD/NGN exchange rate.
How much is 10 grams of platinum in Nigeria?
10 grams of platinum is currently worth ₦1,007,363.54 in Nigeria. Platinum is rarer than gold — approximately 30 times rarer — but currently trades below gold due to shifts in automotive catalyst demand.
How much is 1 kilogram of platinum in Nigeria?
One kilogram of platinum is currently worth ₦100,736,354 in Nigeria (NGN). One-kilogram platinum bars are sold by major refineries and are a popular form for institutional investors.
Is platinum more expensive than gold in Nigeria?
At current prices, platinum ($1,946.12/oz) trades below gold. Historically, platinum commanded a substantial premium over gold, and many analysts view the current discount as representing long-term value. The gold/platinum ratio currently stands at approximately 2.3:1.