900 Silver price today in Nigeria — August 31, 2026

The figure at the top of this page is the raw metal value of 900 Silver, calculated from the international spot price and the 90.0% metal content of that alloy. Nothing else is baked into it: no workshop labour, no dealer margin, no tax. That makes it the cleanest possible reference point, because it isolates the one component of a jewellery or bullion quote that nobody can negotiate — the value of the metal you are actually buying.

Because it tracks the live market, this number changes throughout the trading day. Global Silver trading is effectively continuous from the Asian open through to the New York close, so a rate you noted in the morning may no longer hold by the afternoon. Anyone quoting or accepting a price for a large quantity should refresh the page immediately before committing rather than relying on a figure carried over from the previous session.

900 means 90.0% pure Silver; the remainder is alloy metal added for hardness, colour or cost. Two items of identical mass therefore carry very different metal values if their stamps differ, and the gap is strictly proportional. This is why a shop can honestly advertise a "cheaper" piece that is simply lower in purity — the price per gram falls because you are buying less metal, not because you found a better deal.

Purity also determines how the piece behaves in daily use. Higher-purity Silver is softer and scratches or bends more readily, which is why many jewellers steer buyers towards mid-range alloys for rings and bracelets worn every day, and reserve the highest fineness for investment pieces and items kept in storage. The right choice depends on whether you are buying to wear or buying to hold value.

The benchmark is global, but the price you are offered in Nigeria is not. Exchange rates come first: when the local currency weakens against the US dollar, the Nigerian Naira price of Silver rises even if the dollar quote has not moved at all. Import duty, sales tax or VAT, refining and assay charges, freight and insurance, and simple local demand each add their own layer on top.

That is why comparing a shop's counter price directly against this page will usually show a gap, and why the size of that gap — not the headline number — is the thing to shop around on. Ask each supplier to break out the metal value and the margin separately. Once the metal value is fixed by this page, the conversation becomes a straightforward comparison of two or three margins.

For jewellery, weigh the piece, multiply by the 900 rate here, and you have the metal value. What remains in the shop's price is workmanship and margin — recoverable only in part if you sell later, which is the single most useful thing to understand before buying ornaments as an investment. For resale, expect a dealer to offer slightly below this rate to cover their own testing and handling.

Tracking the same page over time is more informative than checking it once. A single reading tells you nothing about direction; a fortnight of readings tells you whether you are buying into strength or weakness, and whether it is worth waiting. Our historical charts and the country comparison table below make that comparison quick.