Domestic gold prices in Nigeria are holding firm at N178,000 per gram, as institutional demand from the Central Bank of Nigeria’s (CBN) National Gold Purchase Program provides a structural price floor. This stability persists despite a strengthening naira and a hawkish US Federal Reserve, both of which would typically apply downward pressure on gold prices. Currently, the market is range-bound between N175,000 and N182,000 per gram, supported by continued interest from retail investors seeking asset protection. Meanwhile, the adoption of LBMA-compliant standards continues to enhance liquidity within the local gold market.