Gold Price Analysis: Feb 21, 2025
Verified historical closing rates in Nigerian Naira (NGN)
24K Gold / Gram
₦29,639.66
Market Tola Rate
₦345,711.10
Trading Day
Friday
The historical gold market data for Friday, February 21, 2025 indicates that 24K gold (99.9% pure bullion) in Nigerian Naira closed at ₦29,639.66 per gram. This reflects the core spot market value before any local retail premiums or making charges were applied.
For jewelry consumers and retail investors, the 22K gold price—which is the standard purity for traditional ornaments—was recorded at ₦27,170.68 per gram. If you are calculating the value in local trade units, the gold rate per tola on this date was approximately ₦345,711.10.
Tracking these historical NGN gold rates is crucial for auditing long-term portfolio performance, settling insurance valuations, or analyzing the price appreciation of gold assets held since February 2025.
| Purity Grade | Gram | Tola | Ounce | Kilogram |
|---|---|---|---|---|
| 24K Gold | ₦29,639.66 | ₦345,711.10 | ₦921,897.26 | ₦29,639,663 |
| 22K Gold | ₦27,170.68 | ₦316,913.37 | ₦845,072.49 | ₦27,170,679 |
| 21K Gold | ₦25,934.71 | ₦302,497.21 | ₦806,660.10 | ₦25,934,705 |
| 18K Gold | ₦22,229.75 | ₦259,283.33 | ₦691,422.94 | ₦22,229,747 |
Historical Price Insights
What was the 22k gold price per tola on Feb 21, 2025?
The 22k gold rate was approximately ₦316,913.37 per tola in NGN on this date.
How much was 1 gram of 24k gold?
On February 21, 2025, 1 gram of 24k gold was priced at ₦29,639.66.
What was the price per troy ounce?
The international market price for a troy ounce on this date was ₦921,897.26.
Why check historical rates from 2025?
Historical data helps in auditing portfolios, insurance claims, and understanding long-term price volatility.
Are these retail jewelry prices?
These are market spot rates. Final jewelry prices usually include making charges and local taxes applicable on that date.
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