Market reference
Gold prices, in context
A guide to the world price of gold, what it means per gram in naira at the Central Bank of Nigeria rate, and how gold has moved over the decades next to other commodities.
Information, not advice. Figures here are indicative, that is, a guide drawn from public sources, not a price we offer. They are not an offer to buy or sell and not investment advice. Wangara Gold Ltd (in formation) is not yet licensed to buy gold and has not opened a buying centre.
Gold price today, as a guide
How much is the gold in my lot worth at the world price?
Enter a weight and purity. The result uses the world price above and the CBN rate. It is a starting point, not an offer. Once we open, our price will be set from the LBMA Gold Price on the day, less a discount we will publish. The discount covers refining, transport, insurance and our costs. The world price shown here is a free public feed, not that benchmark, so the two will differ.
How to read it
- Fine gold means 99.9% pure. Doré (raw gold from a mine, melted into a rough bar) and jewellery carry less gold per gram than fine gold, so two lots of the same weight can be worth very different amounts.
- Assay is the test that establishes purity. Until a lot is assayed, every value is an estimate.
- Discount is the gap between the world price and what a buyer pays. It covers refining, transport, insurance and the buyer's costs. We will publish ours before we open for buying.
- One troy ounce is 31.1035 grams. World prices are quoted per troy ounce; Nigerian trade is mostly per gram.
Farashin da ke wannan shafi jagora ne kawai, ba tayin saye ba. Wangara Gold ba ta fara sayen zinariya ba tukuna. Idan muka buɗe, za mu gwada zinariyarka a gabanka, mu kuma ba ka farashin mu a rubuce kafin ka yanke shawara.
Gold over the long run
Monthly average prices. The world price is in US dollars. The naira view multiplies it by the Central Bank of Nigeria monthly average central rate, so it reflects both gold and the exchange rate.
Each chart is followed by a table of the same values. To read a month by keyboard, focus the chart and press the left or right arrow key.
In US dollars
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in US dollars per troy ounce, since 1960
| Period | Gold |
|---|---|
| 1960 | 35.0 |
| 1965 | 35.0 |
| 1970 | 37.0 |
| 1975 | 139.0 |
| 1980 | 538.0 |
| 1985 | 322.0 |
| 1990 | 377.0 |
| 1995 | 387.0 |
| 2000 | 271.0 |
| 2005 | 510.0 |
| 2010 | 1,391.0 |
| 2015 | 1,076.0 |
| 2020 | 1,858.0 |
| 2025 | 4,309.0 |
| Sep 2026 | 4,319.0 |
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in US dollars per troy ounce, 25 years
| Period | Gold |
|---|---|
| 2001 | 276 |
| 2002 | 332 |
| 2003 | 407 |
| 2004 | 442 |
| 2005 | 510 |
| 2006 | 630 |
| 2007 | 803 |
| 2008 | 816 |
| 2009 | 1,135 |
| 2010 | 1,391 |
| 2011 | 1,640 |
| 2012 | 1,685 |
| 2013 | 1,222 |
| 2014 | 1,201 |
| 2015 | 1,076 |
| 2016 | 1,157 |
| 2017 | 1,264 |
| 2018 | 1,250 |
| 2019 | 1,479 |
| 2020 | 1,858 |
| 2021 | 1,790 |
| 2022 | 1,798 |
| 2023 | 2,026 |
| 2024 | 2,648 |
| 2025 | 4,309 |
| Sep 2026 | 4,319 |
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in US dollars per troy ounce, 10 years
| Period | Gold |
|---|---|
| 2016 | 1,157 |
| 2017 | 1,264 |
| 2018 | 1,250 |
| 2019 | 1,479 |
| 2020 | 1,858 |
| 2021 | 1,790 |
| 2022 | 1,798 |
| 2023 | 2,026 |
| 2024 | 2,648 |
| 2025 | 4,309 |
| Sep 2026 | 4,319 |
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in US dollars per troy ounce, 5 years
| Period | Gold |
|---|---|
| 2021 | 1,790 |
| 2022 | 1,798 |
| 2023 | 2,026 |
| 2024 | 2,648 |
| 2025 | 4,309 |
| Sep 2026 | 4,319 |
In naira, per gram of fine gold
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in naira per gram of fine gold, since 2002
| Period | Gold |
|---|---|
| 2001 | 999 |
| 2002 | 1,349 |
| 2003 | 2,562 |
| 2004 | 1,881 |
| 2005 | 2,107 |
| 2006 | 2,563 |
| 2007 | 3,006 |
| 2008 | 3,373 |
| 2009 | 5,390 |
| 2010 | 6,644 |
| 2011 | 8,233 |
| 2012 | 8,412 |
| 2013 | 6,098 |
| 2014 | 6,468 |
| 2015 | 6,797 |
| 2016 | 11,335 |
| 2017 | 12,428 |
| 2018 | 12,315 |
| 2019 | 14,572 |
| 2020 | 22,670 |
| 2021 | 23,660 |
| 2022 | 25,780 |
| 2023 | 58,552 |
| 2024 | 132,236 |
| 2025 | 200,928 |
| Sep 2026 | 184,240 |
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in naira per gram of fine gold, 10 years
| Period | Gold |
|---|---|
| 2016 | 11,335 |
| 2017 | 12,428 |
| 2018 | 12,315 |
| 2019 | 14,572 |
| 2020 | 22,670 |
| 2021 | 23,660 |
| 2022 | 25,780 |
| 2023 | 58,552 |
| 2024 | 132,236 |
| 2025 | 200,928 |
| Sep 2026 | 184,240 |
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Gold price in naira per gram of fine gold, 5 years
| Period | Gold |
|---|---|
| 2021 | 23,660 |
| 2022 | 25,780 |
| 2023 | 58,552 |
| 2024 | 132,236 |
| 2025 | 200,928 |
| Sep 2026 | 184,240 |
Gold next to other commodities
Gold alongside silver, platinum, copper, crude oil and cocoa. Cocoa is Nigeria's largest farm export. The chart sets every price to 100 in Sep 2006; a line at 200 means that price has doubled since then. The tables show the change in percent.
These figures show how far prices have moved. They are not a reason to buy, hold or sell gold, and past movements do not predict future prices.
- Gold
- Silver
- Platinum
- Copper
- Crude oil
- Cocoa
Touch the chart, or focus it and press the left and right arrow keys, to read any month.
Table view: Six commodities, each set to 100 in Sep 2006, US dollars
| Period | Gold | Silver | Platinum | Copper | Crude oil | Cocoa |
|---|---|---|---|---|---|---|
| 2006 | 105 | 113.7 | 94.7 | 87.8 | 98.2 | 109 |
| 2007 | 134 | 122.2 | 126.1 | 86.7 | 144.1 | 134 |
| 2008 | 136 | 88.0 | 71.0 | 40.4 | 66.5 | 152 |
| 2009 | 190 | 150.4 | 121.4 | 91.8 | 120.6 | 223 |
| 2010 | 233 | 250.4 | 144.5 | 120.3 | 144.9 | 195 |
| 2011 | 274 | 259.0 | 122.9 | 99.5 | 167.8 | 140 |
| 2012 | 282 | 272.6 | 133.6 | 104.8 | 163.0 | 154 |
| 2013 | 204 | 168.4 | 114.5 | 94.9 | 169.9 | 180 |
| 2014 | 201 | 139.3 | 102.6 | 84.8 | 97.8 | 188 |
| 2015 | 180 | 120.5 | 72.6 | 61.0 | 58.9 | 213 |
| 2016 | 193 | 140.2 | 77.5 | 74.5 | 84.7 | 146 |
| 2017 | 211 | 138.5 | 76.6 | 89.9 | 98.5 | 122 |
| 2018 | 209 | 126.5 | 66.8 | 79.9 | 87.0 | 141 |
| 2019 | 247 | 146.2 | 78.0 | 79.9 | 102.1 | 155 |
| 2020 | 311 | 213.7 | 86.8 | 102.2 | 78.4 | 154 |
| 2021 | 299 | 192.3 | 79.8 | 125.6 | 117.4 | 152 |
| 2022 | 301 | 199.2 | 85.4 | 110.2 | 125.8 | 160 |
| 2023 | 339 | 204.3 | 79.0 | 110.5 | 121.9 | 268 |
| 2024 | 443 | 263.2 | 79.2 | 117.3 | 116.4 | 657 |
| 2025 | 721 | 532.5 | 159.9 | 155.0 | 98.1 | 368 |
| Sep 2026 | 722 | 552.1 | 150.7 | 190.4 | 164.7 | 377 |
Change over time, US dollars
| Commodity | Price, Sep 2026 | 1 year | 5 years | 10 years | 20 years | Deepest fall in 20 years |
|---|---|---|---|---|---|---|
| Gold | 4,319 US$/troy oz | +18% | +143% | +225% | +622% | -39% |
| Silver | 64.6 US$/troy oz | +51% | +178% | +233% | +452% | -67% |
| Platinum | 1,784 US$/troy oz | +24% | +83% | +70% | +51% | -63% |
| Copper | 14,474 US$/tonne | +45% | +55% | +207% | +90% | -65% |
| Crude oil (average) | 102 US$/barrel | +54% | +41% | +127% | +65% | -84% |
| Cocoa | 5.92 US$/kg | -16% | +131% | +106% | +277% | -70% |
Change over time, naira
| Commodity | Price in naira, Sep 2026 | 1 year | 5 years | 10 years | 20 years | Deepest fall in 20 years |
|---|---|---|---|---|---|---|
| Gold | ₦5,730,492 | +4% | +687% | +1,317% | +7,474% | -32% |
| Silver | ₦85,712 | +34% | +801% | +1,350% | +5,690% | -61% |
| Platinum | ₦2,367,029 | +10% | +493% | +642% | +1,480% | -59% |
| Copper | ₦19,204,248 | +28% | +402% | +1,235% | +1,897% | -61% |
| Crude oil (average) | ₦135,733 | +36% | +355% | +890% | +1,628% | -68% |
| Cocoa | ₦7,855 | -25% | +648% | +795% | +3,854% | -73% |
Methodology and sources
- Live world price. From gold-api.com, a free public price feed, updated about once an hour. It is a guide price, not a benchmark. We do not show the LBMA Gold Price, because displaying it needs a licence from ICE Benchmark Administration.
- Exchange rate. The Central Bank of Nigeria central rate for the US dollar on the latest day published (28 October 2026 when this page was last refreshed). For the history we use the monthly average of those daily rates, from December 2001.
- History. World Bank Commodity Price Data (the Pink Sheet), monthly averages in US dollars from 1960, updated 2 October 2026. Used under the Creative Commons Attribution 4.0 licence. Prices are as recorded at the time, not adjusted for inflation.
- Units. Gold, silver and platinum per troy ounce; copper per tonne; crude oil (the average of Brent, Dubai and WTI) per barrel; cocoa per kilogram.
- Calculations. Naira per gram = US dollars per ounce × naira per US dollar ÷ 31.1034768. Percentage changes compare monthly averages.
What this page is not
- Not a buying price. We are not yet licensed to buy and have not opened a buying centre.
- Not a forecast or a recommendation to hold, buy or sell gold or any other commodity.
- Not a benchmark. Figures may differ from refiners' and banks' quotations.
Found an error in the data? Email info@wangaragold.com and we will check the source and correct it.
Planning to sell gold once we open?
Tell us roughly what you have and where you are, and we will explain how our process and prices will work.
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