Gold Price Today in Morocco in Moroccan Dirham (MAD)

Friday, 11 October 2024, 5:10 PM

Gold ounce price in Morocco is 26,073.14 Moroccan Dirham per ounce, Gold gram price is 838.36 Moroccan Dirham per gram karat 24, 768.50 Moroccan Dirham per gram karat 22, 733.57 Moroccan Dirham per gram karat 21, 628.77 Moroccan Dirham per gram karat 18.

How Gold Price is Determined in Morocco

The price of gold in Morocco is influenced by a variety of factors, both domestic and international. One primary factor is the global market price of gold, which is determined by supply and demand dynamics in major trading hubs. Strong demand for gold internationally typically drives prices higher, and Morocco, being a part of the global economy, is affected by these fluctuations.

Moreover, the value of the Moroccan dirham in relation to foreign currencies, particularly the US dollar, plays a significant role. As gold is usually traded in dollars, a stronger dirham can make gold cheaper for Moroccan buyers, while a weaker dirham has the opposite effect.

Additionally, local economic conditions, including inflation rates, political stability, and interest rates, also influence gold prices. In times of economic uncertainty, gold is often seen as a safe haven, leading to increased demand and higher prices.

Market speculation can further contribute to volatility. Investors in Morocco keep a close eye on global trends, including geopolitical events and economic data, to make informed decisions about buying and selling gold.

Price of Gold Bullion in Morocco in Moroccan Dirham

• The price of gold bullion 5 grams 24K in Morocco: 4,191.82 Moroccan Dirham
• The price of gold bullion 10 grams 24K in Morocco: 8,383.65 Moroccan Dirham
• The price of gold bullion 20 grams 24K in Morocco: 16,767.29 Moroccan Dirham
• The price of gold bullion 50 grams 24K in Morocco: 41,918.23 Moroccan Dirham
• The price of gold bullion 100 grams 24K in Morocco: 83,836.46 Moroccan Dirham
• The price of gold bullion 250 grams 24K in Morocco: 209,591.14 Moroccan Dirham
• The price of gold bullion 500 grams 24K in Morocco: 419,182.29 Moroccan Dirham
• The price of gold bullion 1000 grams 24K in Morocco: 838,364.58 Moroccan Dirham

Predictions for Gold Prices in Morocco

The forecast for gold prices in Morocco is influenced by several factors, including global economic trends, currency fluctuations, and local demand. Analysts suggest that gold prices may continue to rise due to increasing inflation rates and geopolitical uncertainties that traditionally drive investors toward safe-haven assets like gold.

In 2024, it is anticipated that the price of gold in Moroccan Dirhams may reach new highs as global markets react to economic pressures and potential changes in interest rates.

Moreover, Morocco’s domestic demand for gold, driven by cultural practices and investment preferences, plays a crucial role in determining local prices. Gold jewelry remains popular, especially during wedding seasons and festivals, which could further bolster the market.

Additionally, fluctuations in the value of the Moroccan Dirham against major currencies could impact gold prices, making it more expensive for local buyers if the Dirham weakens.

Overall, while the outlook for gold prices in Morocco appears bullish, potential investors should remain vigilant and consider both international trends and local market dynamics when making decisions.

Gold price in Morocco in October 2024 in Moroccan Dirham