How much is gold per gram in Nigeria today? This is a common question many Nigerians ask, whether you're an investor, jeweler, or simply curious. As of April 24, 2025, the price of gold in Nigeria depends on its purity and the current market rate. Gold is measured in karats, with 24 karat (24K) being the purest form. Lower karats like 22K, 18K, and 14K have lower gold content, affecting their prices.
In this blog post, you’ll find a detailed breakdown of today’s gold prices per gram in Nigeria, including prices for 24K, 22K, 21K, and 18K gold. You'll also learn the current price of 1 kilogram of gold, the black market gold rate, and prices in major cities like Lagos and Kano.
This post is completely up-to-date and ideal for anyone aiming to make informed buying or selling decisions. Let’s get started.
Gold Price Per Gram in Nigeria Today
What Determines Gold Prices in Nigeria?
The price of gold per gram in Nigeria is influenced by:
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Global gold market prices
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The Nigerian Naira to US Dollar exchange rate
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Local supply and demand
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Purity of the gold (karat)
Current Gold Prices Per Gram (April 24, 2025)
| Price per Gram (NGN) | |
|---|---|---|
| 24 Karat Gold | ₦172,709.22 | |
| 22 Karat Gold | ₦158,316.78 | |
| 21 Karat Gold | ₦151,120.57 | |
| 18 Karat Gold | ₦129,531.91 | |
| 14 Karat Gold | ₦100,747.04 | |
| 10 Karat Gold | ₦71,962.17 |
These prices are for standard investment-grade gold and are based on the international gold market value converted to Naira.
How Much Is Gold Per Gram in Lagos Today?
In Lagos, the price of gold follows the national average closely due to high trade volume and stable demand.
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24K Gold in Lagos – ₦173,350.45 per gram
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22K Gold in Lagos – ₦158,880.25 per gram
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18K Gold in Lagos – ₦129,933.75 per gram
These rates can slightly vary depending on the seller and negotiation.
How Much Is Gold Per Gram in Kano Today?
Kano, a major gold trading hub in northern Nigeria, also reflects national prices:
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24K Gold in Kano – ₦173,416.78 per gram
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22K Gold in Kano – ₦158,316.78 per gram
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18K Gold in Kano – ₦129,531.91 per gram
Some traders in Kano may offer slightly lower prices due to bulk trading practices.
How Much Is 1 Kilogram of Gold in Nigeria?
If you're investing on a large scale, this information is important.
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1 kg of 24K Gold in Nigeria = ₦172,709,219.74
This price is ideal for bulk gold investors and large jewelry manufacturers.
How Much Is 18K Gold Per Gram in Nigeria Black Market?
In the black market, gold prices may be cheaper but come with high risks like fraud or lack of certification.
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18K Gold Black Market Price – ₦125,000 to ₦128,000 per gram (varies by location and seller)
Always buy gold from certified dealers or trusted sources. Avoid unknown black-market sellers to stay safe.
How Much Is 24K Gold in Nigeria Today?
24-karat gold is the purest and most expensive.
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24K Gold (Official Rate) – ₦172,709.22 per gram
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24K Gold (Black Market Estimate) – ₦170,000 to ₦172,000 per gram
Note that black market rates can differ due to bargaining or currency exchange fluctuations.
How Much Is 22 Carat Gold in Nigeria Today?
22-karat gold is often used in making traditional jewelry in Nigeria.
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22K Gold – ₦158,316.78 per gram
This gold contains 91.6% pure gold mixed with other metals, giving it extra durability for ornaments.
Summary of Gold Prices by Purity
Gold Price Per Gram (April 2025)
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24K Gold – ₦172,709.22
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22K Gold – ₦158,316.78
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21K Gold – ₦151,120.57
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18K Gold – ₦129,531.91
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14K Gold – ₦100,747.04
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10K Gold – ₦71,962.17
Conclusion
How much is gold per gram in Nigeria today? As of April 24, 2025, the answer depends on the gold’s purity and where you're buying it. The current official rate for 24K gold is ₦172,709.22 per gram, while 18K gold stands at ₦129,531.91 per gram. Whether you’re in Lagos, Kano, or another part of Nigeria, the prices remain closely aligned with the international market, adjusted for the Naira's exchange rate.
Always buy from reputable dealers, avoid black market risks, and keep checking updated prices before making any transactions. This way, you can make smart and informed gold buying or investment decisions.
10 Frequently Asked Questions About Gold Prices in Nigeria
1. What is the current price of 24K gold per gram in Nigeria?
₦172,709.22 per gram as of April 24, 2025.
2. How much is 18K gold per gram in Nigeria today?
It costs ₦129,531.91 per gram.
3. How much is 22K gold per gram in Nigeria?
₦158,316.78 per gram.
4. Is gold cheaper in the black market in Nigeria?
Yes, but it's risky. Prices are slightly lower, but authenticity is not guaranteed.
5. What is the price of 1 kilogram of gold in Nigeria?
₦172,709,219.74 for 24K gold.
6. How often do gold prices change in Nigeria?
Daily, based on international rates and Naira exchange value.
7. Where can I buy original gold in Nigeria?
From certified gold dealers, jewelry stores, or banks.
8. Can I check gold prices online daily?
Yes. Sites like XAU.today and GoldRate24 provide daily updates.
9. What affects gold prices in Nigeria?
Global gold market trends, demand, supply, and exchange rates.
10. Is gold a good investment in Nigeria?
Yes, gold is a stable long-term investment and a good hedge against inflation.
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