Where to Sell Raw Gold in Nigeria: A Comprehensive Guide

Are you looking to sell your raw gold in Nigeria? Whether you've recently mined it or inherited it, finding the right place to sell it can be a bit daunting. This guide will help you locate trusted gold dealers, understand the process, and ensure you receive the best value for your gold.

Introduction to Gold Dealers in Nigeria

In Nigeria, particularly in the northern part of the country, you can find gold dealers that specialize in buying and selling raw gold. These dealers often operate in bustling markets where you can both buy and sell gold. They typically stay well-informed about the international gold market and use accurate scales to weigh your gold.

Trusted Gold Dealers in Abuja

In the capital city of Abuja, specifically in Wuse Market, you'll find Hausa gold dealers who are known for their expertise and trustworthiness. They have a dedicated section in the market where they conduct their transactions. These dealers keep track of the international gold prices and use precise scales to ensure accurate valuations.

Gold Buying Practices in Northern Nigeria

Gold jewelry is a significant part of traditional weddings in northern Nigeria, particularly in regions with cultural practices like the Kanuri tradition, where gold coins are often given as pre-wedding gifts. This practice makes it common to find gold dealers in major cities such as Maiduguri, where they offer both buying and selling services.

Southwest Gold Markets: Kano and Alade

While Abuja and Maiduguri are great places to sell your gold, it's also worth exploring gold markets in other parts of Northern Nigeria. One of the best places to look for gold dealers in Kano is around Sabon-Gari Market. In Kano, you'll find a variety of dealers who are knowledgeable and trustworthy.

For those in the Alade area of Kano, another reliable option is the Aboki gold dealers. They have jewelers within their ranks, ensuring a wide network of expertise. Be prepared for different pricing when dealing with the Aboki guys, as they may have different valuations compared to other dealers in Kano.

Conclusion

Selling raw gold in Nigeria requires careful selection of dealers to ensure you get the best price and a fair deal. Whether you're in Abuja, Kano, or further north, there are reputable gold dealers who can help you. Always verify the dealer's reputation, their pricing, and consider getting multiple quotes to maximize your earnings.