28/08/2026
πͺ GOLD PRICE IN NIGERIA TODAY
π
28 AUGUST 2026
Gold remains one of the world's most closely watched commodities β and its value in Nigeria is influenced not only by international gold prices, but also by FX rates, purity, refining costs and dealer margins.
π₯ KEY MARKET FIGURES
π₯ 24K GOLD β 99.9% PURE
LOCAL DEALER BUY-BACK:
β¦210,000 β β¦225,000+ PER GRAM
π INTERNATIONAL SPOT CONVERSION:
β β¦207,500 PER GRAM
ποΈ ESTIMATED RETAIL SELLING PRICE:
β¦230,000 β β¦250,000+ PER GRAM
π GOLD BUY-BACK BY PURITY:
24K β 99.9% β β¦210kββ¦225k+
22K β 91.6% β β¦192kββ¦206k+
21K β 87.5% β β¦183kββ¦197k+
18K β 75.0% β β¦157kββ¦169k+
14K β 58.5% β β¦123kββ¦132k+
π‘ WHY IS THIS DATA USEFUL?
If you own gold or are considering buying or selling it, knowing the difference between spot price, dealer buy-back price and retail price can help you avoid making poor pricing decisions.
Your actual selling price can depend on:
π Gold purity
π Weight
π International spot price
π Naira exchange rate
π Refining & assaying costs
π Dealer margin
π Location and market conditions
β οΈ SELLING GOLD?
Always:
β
Test the purity
β
Verify the weight
β
Compare 2β3 dealer offers
β
Understand the current buy-back price
β
Sell to reputable dealers
π² LOOKING FOR TRUSTED MARKET CONNECTIONS?
9JAFX provides Nigerian market intelligence and trusted connections across commodities and financial markets.
Follow 9JAFX for daily updates covering Forex, Stocks, Fixed Income, Energy, Agriculture, Minerals, Gold and Crypto.