NigeriaGold Price Today in Nigeria (22K)
Today's 22K 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.
All prices in NGN. FX refreshes hourly from open data; the figure shown is the spot price before making charges and tax.
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<a href="https://goldpricesarabia.com/en/nigeria/gold-price/22k"><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/22k">Source: Gold Prices Arabia</a></p>Browse by Karat
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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 22K gold in Nigeria
- How is the 22K gold price in Nigeria calculated?
- The 22K 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.
FAQ
Frequently Asked Questions
Everything you need to know about live gold prices on Gold Prices Arabia.
How often does Gold Prices Arabia update gold prices?
The spot gold price refreshes roughly every second via WebSocket from Binance, Coinbase and Kraken (the PAXG/USD pair, backed 1:1 by physical gold bars), taking the median of the three to prevent skew. Silver, platinum and palladium update every minute; FX rates every hour.
Which karats can I track?
Gold Prices Arabia covers 24K (pure gold), 21K (87.5% pure — the dominant karat in Saudi Arabia and Jordan), 18K (75% pure — common across UAE and Egypt), and 14K (58.3% pure).
Which currencies are supported?
US Dollar (USD), Jordanian Dinar (JOD), Saudi Riyal (SAR), UAE Dirham (AED), and Egyptian Pound (EGP). FX rates are static — confirm with your bank before any transaction.
Where do the prices come from?
The spot price is the live median of Binance, Coinbase and Kraken quotes for PAXG/USD. Karat prices are derived from spot by dividing by 31.1035 grams and multiplying by the standard purity ratio (24K 99.9%, 22K 91.7%, 21K 87.5%, 18K 75%, 14K 58.3%).
Is Gold Prices Arabia free?
Yes. Gold Prices Arabia is free for personal and informational use. Always confirm with a licensed jeweller or bullion dealer before buying or selling.
