8k Gold Price in Nigeria (NGN)
Enter a weight to value 8k gold by the troy ounce for buyers and sellers in Nigeria, priced from the live gold market. 8 carat (333) is 33.33% gold, and every figure below is priced at that fineness. Priced in Nigerian Naira directly by the rates API — gold is quoting ₦5,523,793 per troy ounce.
Value of 1 ozt of 8k Gold
₦1,841,264
₦1,841,264 per troy ounce · ₦59,198 per gram
5,523,793.12 ÷ 31.1034768 × 0.3333 × 31.1035 = ₦1,841,264
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Gold value by unit
One of each measure, at the current gold price.
| Measure | Detail | Value |
|---|---|---|
| Gram | 1 g | ₦59,198 |
| 10 grams | 10 g | ₦591,980 |
| Kilo | 1,000 g | ₦59,198,024 |
| Troy ounce | 31.1034768 g | ₦1,841,264 |
| Tola | 11.6638038 g | ₦690,474 |
| Pennyweight | 1.5551738 g | ₦92,063 |
| Baht (gold bar) | 15.244 g | ₦902,415 |
| Bhori | 11.6638038 g | ₦690,474 |
| Masha | 0.9719837 g | ₦57,540 |
| Ratti | 0.121498 g | ₦7,192 |
| Grain | 0.0647989 g | ₦3,836 |
| Sovereign (fine gold) | 7.32238 g | ₦433,470 |
| Tael (Hong Kong) | 37.7994 g | ₦2,237,650 |
| Tael (Taiwan) | 37.5 g | ₦2,219,926 |
| Tael / liang (mainland) | 50 g | ₦2,959,901 |
Gold value by purity
One troy ounce at each purity commonly sold.
| Measure | Detail | Value |
|---|---|---|
| 24 carat (999.9 fine) | 99.99% pure | ₦5,523,241 |
| 22 carat (916) | 91.67% pure | ₦5,063,477 |
| 21 carat (875) | 87.50% pure | ₦4,833,319 |
| 20 carat (833) | 83.33% pure | ₦4,603,161 |
| 18 carat (750) | 75.00% pure | ₦4,142,845 |
| 16 carat (667) | 66.67% pure | ₦3,682,529 |
| 14 carat (585) | 58.33% pure | ₦3,222,213 |
| 12 carat (500) | 50.00% pure | ₦2,761,897 |
| 10 carat (417) | 41.67% pure | ₦2,301,580 |
| 9 carat (375) | 37.50% pure | ₦2,071,422 |
| 8 carat (333) | 33.33% pure | ₦1,841,264 |
The same figure in other currencies
Every currency the rates API supports is available in the calculator above — pick it from the list and the figure is re-quoted in that currency without leaving this page.
How this is calculated
1 troy ounce = 31.1034768 g. This is the unit the spot market itself quotes, so no conversion is applied. Gold trades per troy ounce, so every figure here starts from that quote and is converted with the factor shown next to the result.
This is the spot-derived value, not the shop counter price in Nigeria. Local retail rates are set by the jewellers' association and usually sit above this figure once making charges and duty are added.
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Every unit — gram, ounce, tola, masha, tael, sovereign — is available in the calculator above without leaving the page.
Common questions
How much is 1 troy ounce of 8k gold worth today?
1 troy ounce is worth about ₦1,841,264, from a spot price of ₦5,523,793 per troy ounce.
How many grams are in 1 troy ounce?
1 troy ounce = 31.1034768 g. This is the unit the spot market itself quotes, so no conversion is applied.
What does 8k mean?
8 carat is 33.3% gold, stamped 333 — permitted in Germany and parts of central Europe. At today's market that works out to ₦59,198 per gram.
Is this the same as the 8k gold rate quoted in Nigeria?
Not exactly. This converts the international spot price into Nigerian Naira at the live exchange rate shown above. Local dealers add making charges, duty and their own margin, so the counter price in Nigeria is normally higher.
How often does this price update?
Every 15 minutes. The figure on this page is a cached quote and can be up to 15 minutes behind the market, and the timestamp above it always states when the price was actually taken. For real-time rates, request the same data from the CommodityPriceAPI directly.