Gold prices drifted lower at the fourth trading session of the week.
Interested bank customers can approach the bank, drop the gold in its vault and collect a certificate to that effect.
The precious metal rallied higher at the mid-week trading session as buyers got assurance from the U.S. Federal Reserve.
Nigeria found gold along the Abuja-Nassarawa axis, through the National Integrated Mineral Exploration Project (NIMEP).
It was the first positive week for the yellow metal after three prior weeks of losses that left buyers of the precious metal 8% poorer.
At press time, the U.S dollar index traded high by 0.4% to trade at 91.835 index points.
The commodity market in Q1 2021 has particularly seen some buying pressure relatively on reports revealing COVID caseloads are being subdued.
Recent price action suggests the precious metal is being battered by the resurge of the greenback,
Gold futures were down 0.63% to trade around $1,690 an ounce. Gold prices dropped to their lowest since Jun. 8, 2020.
The precious metal posted its worst monthly decline since 2016 as gold prices broke below the $1,750 support.
