🇳🇬Gold Rate in Ila Orangun Today
The gold rate in Ila Orangun today is ₦5,676,504 per troy ounce for 22K, based on an international spot price of $4,604.40 per troy ounce. That is up ₦132,901 from the previous close. This is the international spot price converted into NGN for Ila Orangun. Jewellers there add making charges and a local premium on top, so a counter price will normally sit above this figure. It is one of Nigeria's larger markets, with a population of around 179,192. The NGN has strengthened 0.209% against the US dollar since the previous session, which moves the local price independently of the metal itself.
Gold rate in Ila Orangun — all karats and weights
| Weight | 24K | 22K | 21K | 18K | 14K |
|---|---|---|---|---|---|
| 1 Gram (1 g) | ₦199,095 | ₦182,504 | ₦174,208 | ₦149,321 | ₦116,139 |
| 1 Troy Ounce (31.1035 g) | ₦6,192,550 | ₦5,676,504 | ₦5,418,481 | ₦4,644,412 | ₦3,612,321 |
| 1 Kilogram (1,000 g) | ₦199,095,090 | ₦182,503,833 | ₦174,208,204 | ₦149,321,318 | ₦116,138,803 |
All figures in NGN (Naira). Purity follows the karat/24 standard: 22K is 91.67% gold, 21K is 87.5%, 18K is 75%.
Last 10 days · 22K per troy ounce in Ila Orangun
Daily closes from COMEX front-month futures — a continuous series that predates our own spot record. Futures trade slightly above spot, so read these as the day-to-day movement, not as the counter price. Converted at the current NGN exchange rate.
| Date | 22K / troy ounce | Change | % |
|---|---|---|---|
| Fri, 21 Aug 2026 | ₦5,700,791 | +₦132,901 | 2.39% |
| Thu, 20 Aug 2026 | ₦5,567,890 | +₦33,163 | 0.60% |
| Wed, 19 Aug 2026 | ₦5,534,727 | +₦152,133 | 2.83% |
| Tue, 18 Aug 2026 | ₦5,382,594 | -₦63,861 | -1.17% |
| Mon, 17 Aug 2026 | ₦5,446,455 | +₦46,108 | 0.85% |
| Fri, 14 Aug 2026 | ₦5,400,347 | +₦20,712 | 0.38% |
| Thu, 13 Aug 2026 | ₦5,379,635 | -₦55,848 | -1.03% |
| Wed, 12 Aug 2026 | ₦5,435,483 | +₦31,931 | 0.59% |
| Tue, 11 Aug 2026 | ₦5,403,552 | +₦26,137 | 0.49% |
| Mon, 10 Aug 2026 | ₦5,377,416 | — | — |
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Gold rate in Ila Orangun — questions
What is the gold rate in Ila Orangun today?
The gold rate in Ila Orangun today is ₦5,676,504 per troy ounce for 22K, and ₦6,192,550 per troy ounce for 24K. These are live figures converted from international spot at the current NGN exchange rate.
What is the price of 1 gram of gold in Ila Orangun?
One gram of 24K gold costs ₦199,095 in Ila Orangun, and 22K costs ₦182,504 per gram. 18K works out at ₦149,321.
Why is 22K cheaper than 24K in Ila Orangun?
22K gold is 91.67% pure — 22 parts gold to 24 — so it contains less gold by weight than 24K, which is 99.9% pure. That is why 22K is ₦16,591 less per gram here. The alloy makes it harder, which is why jewellery is usually 22K or below.
Is the gold rate in Ila Orangun different from other cities?
The underlying metal price is identical everywhere in Nigeria — gold trades in one global market and converts at one exchange rate. What differs city to city is the retail markup: making charges, wastage and the jeweller's own premium. Those are set by each shop, not by the market.
How often does this rate update?
The spot price refreshes continuously through the trading day and this page reflects the latest reading, last confirmed 3 minutes ago. Exchange rates refresh alongside it.