Silver Price in Nigeria (NGN)
Enter a weight to value silver by the troy ounce for buyers and sellers in Nigeria, at any purity, priced from the live silver market. Priced in Nigerian Naira directly by the rates API — silver is quoting ₦74,976 per troy ounce.
Value of 1 ozt of Silver
₦74,901
₦74,901 per troy ounce · ₦2,408 per gram
74,976.03 ÷ 31.1034768 × 0.999 × 31.1035 = ₦74,901
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Silver value by unit
One of each measure, at the current silver price.
| Measure | Detail | Value |
|---|---|---|
| Gram | 1 g | ₦2,411 |
| 10 grams | 10 g | ₦24,105 |
| Kilo | 1,000 g | ₦2,410,535 |
| Troy ounce | 31.1034768 g | ₦74,976 |
| Tola | 11.6638038 g | ₦28,116 |
| Pennyweight | 1.5551738 g | ₦3,749 |
| Bhori | 11.6638038 g | ₦28,116 |
| Masha | 0.9719837 g | ₦2,343 |
| Ratti | 0.121498 g | ₦293 |
| Grain | 0.0647989 g | ₦156 |
| Tael (Hong Kong) | 37.7994 g | ₦91,117 |
| Tael (Taiwan) | 37.5 g | ₦90,395 |
| Tael / liang (mainland) | 50 g | ₦120,527 |
Silver value by purity
One troy ounce at each purity commonly sold.
| Measure | Detail | Value |
|---|---|---|
| 999 fine silver | 99.90% pure | ₦74,901 |
| 925 sterling silver | 92.50% pure | ₦69,353 |
| 900 coin silver | 90.00% pure | ₦67,478 |
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. Silver 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.
Every silver calculator
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By purity (NGN)
Silver price in every currency
Each one is its own page, priced by the rates API in that currency directly.
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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 silver worth today?
1 troy ounce is worth about ₦74,976, from a spot price of ₦74,976 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.
How do I price silver at a lower purity?
Pick the purity in the calculator above, or open that grade's own page. Pure silver is ₦2,411 per gram right now, and every other grade is that figure times its fineness — the table on this page prices each one.
Is this the same as the silver 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.