NigeriaGold Price Today in Nigeria (21K)
Today's 21K gold price in Nigeria in NGN: the global spot ounce (live median of Binance, Coinbase and Kraken via PAXG/USD) converted to NGN at an hourly FX rate, divided by 31.1035 g and scaled by purity.
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<a href="https://goldpricesarabia.com/en/nigeria/gold-price/21k"><img src="https://goldpricesarabia.com/charts/gold/ngn/1y?lang=en&unit=oz" width="1200" height="630" alt="Gold price chart in Nigerian Naira per troy ounce, 1 year" loading="lazy"></a>
<p style="font:12px sans-serif"><a href="https://goldpricesarabia.com/en/nigeria/gold-price/21k">Source: Gold Prices Arabia</a></p>What 21K gold actually is
87.5% pure · 21/24 · hallmarked 87521K is 87.5% gold, stamped 875, and it is the Middle East's own standard — uncommon in Europe or America, dominant from Cairo to Kuwait. The extra alloy over 22K buys enough hardness for daily wear while keeping the warm yellow that reads as gold rather than as pale metal.
It is the karat most Arab jewellers quote first, and the one most likely to be in the window with a per-gram price on a card. If you are comparing shops in this region, comparing their 21K gram price is the closest thing to a like-for-like test, because nearly all of them carry it.
Because it is the regional default, it also has the deepest resale market here: a 21K piece sold back in Amman, Riyadh or Cairo is priced against a number the shop quotes every morning, with no need to convert from a standard the local trade does not use.
The dominant retail karat in Nigeria is 18K, so 21K is usually a deliberate choice here — bought for what it does better, not because it is what the shop happened to have.
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Nigeria gold market
Nigeria's retail gold market centres on 18K gold (75% pure), quoted locally per gram in NGN. As a free-floating currency, the NGN means prices also reflect daily NGN/USD exchange-rate moves. Nigeria is a fast-growing gold producer, and the naira's volatility makes gold a popular hedge, with retail jewellery around 18K.
Common questions about 21K gold in Nigeria
- How is the 21K gold price in Nigeria calculated?
- The 21K per-gram price in Nigeria is computed as: spot ounce price (XAU/USD) ÷ 31.1035 g × purity ratio × NGN/USD FX rate. The spot price is sourced from Binance, Coinbase and Kraken via PAXG/USD, refreshed every second.
- Why does the gold price differ between shops in Nigeria?
- The raw spot price is the same across all shops. Differences come from three factors: (1) making charges (5-30 local units per gram), (2) retailer margin (3-10%), (3) local tax if applicable. The price shown here is the floor reference before any add-ons.
- How often is the Nigeria gold price updated?
- The spot ounce price refreshes in real time via WebSocket (multiple times per second). The NGN/USD FX rate refreshes hourly from open central-bank data. The table above reflects the latest available price.
Today's price, every morning
We post the gram price for Nigeria on Instagram every day — 24K, 22K, 21K and 18K, with the daily move.
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