Gold Dealer salary in Nigeria

Average Yearly Salary of Gold Dealer in Nigeria is approximately 4,640,519 NGN (5,587 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Gold Dealer do?

A gold dealer is an individual or a company that specializes in buying and selling gold. They are knowledgeable about the gold market, current prices, and trends. Gold dealers may operate from a physical location, such as a jewelry store or a precious metals exchange, or they may conduct business online. Their primary role is to facilitate the purchase and sale of gold, either as bullion or in the form of jewelry, coins, or bars. Gold dealers need to have a deep understanding of the factors that influence gold prices, such as global economic conditions, geopolitical events, and supply and demand dynamics. They must also possess strong negotiation and communication skills to effectively interact with clients and suppliers. Additionally, gold dealers may offer services like appraisals, refining, and storage of gold for their customers.

Skills: Gold dealer, Precious metals, Gold market, Bullion, Jewelry, Coins
Job industry: Precious metals

How much does Gold Dealer make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Gold Dealer a well paid job?

Yes, our data show that Gold Dealer is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Gold Dealer?

High salary for Gold Dealer would be somewhere between 5,104,571 NGN and 6,728,753 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Gold Dealer in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 4,640,519 NGN
Estimated Monthly Salary: 386,710 NGN
Estimated Weekly Salary: 89,241 NGN per week
Estimated Hourly Salary: 2,231 NGN per hour
By working as Gold Dealer a person can save up to 260 USD per month or 3,120 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Gold Dealer

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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