The live silver price in Nigeria is shown in NGN and tracks the international Silver spot market, which is quoted in US dollars per troy ounce. We convert that spot rate into NGN at the live mid-market exchange rate, so the silver rate you see updates throughout the trading day — currently about ₦2,577.01 per gram for pure metal.
Because most silver sold in Nigeria is alloyed, we break the price down by the purities used locally — Fine, Sterling, Coin. The spot price is for pure (.999) metal; every other grade is worth proportionally less, so a piece is valued as the gram price multiplied by its purity. Use the purity selector and quantity calculator above to value the exact karat and weight you hold.
The silver price in Nigeria is quoted in NGN and tracks the international Silver spot market, which trades in US dollars. As of the latest update the silver spot price is about ₦80,154 per troy ounce in NGN. Use the live rate above for the current price per gram, per 10 grams, and per troy ounce.
We take the international Silver spot price (USD per troy ounce) and convert it to NGN using the live USD exchange rate. The pure-metal (.999) price is then adjusted for purity — common purities include Fine, Sterling, Coin — so you can see the rate for the exact karat or fineness you hold.
Purity is the share of pure Silver in an item. The spot price is for pure metal; lower purities are worth proportionally less. For Silver in Nigeria, common purities include Fine, Sterling, Coin. Multiply the pure rate by the purity fraction to get the value of an alloyed item.
Silver prices move with global supply and demand, central-bank activity, and geopolitical events, and the Nigeria price also shifts with the NGN exchange rate. International Silver trades nearly 24 hours on weekdays, so the local rate updates throughout the day.
The price shown is the indicative international spot rate converted to NGN, for reference only. Jewellers, banks, and bullion dealers in Nigeria add a premium or making charge when you buy and apply a spread when you sell, so actual transaction prices will differ.
Disclaimer: Silver prices on this page are indicative spot rates (XAU/USD via Yahoo Finance, converted at mid-market FX) provided for reference only. They are not buy or sell quotes — jewellers, banks, and bullion dealers in Nigeria add a premium, making charge, or spread, so actual transaction prices will differ.