Gold Price per Gram 14K in Morocco (585)

Last update: Sunday, 10 November 2024, 4:26 PM According to the time zone of Rabat

499.73 Moroccan Dirham/Gram 14K
Live
50.32 U.S. Dollar/Gram 14K

Gold price per Gram 14K in Morocco is 499.73 Moroccan Dirham (MAD) per Gram 14K.

This page shows the current today's gold price per Gram 14K in Morocco in Moroccan Dirham (MAD). Gold karat 14 contains about 58.5% of gold. Gold 14K is also called 585 gold.

Gold Price per Gram 14K in Morocco in Moroccan Dirham and Other Major Currencies

Gold Gram 14K
Moroccan Dirham 499.73
U.S. Dollar 50.32
Euro 46.95
British Pound 38.96

Gold Price Chart Moroccan Dirham/Gram 14K

Gold Price for 14K in Morocco in Moroccan Dirham For Different Units (Weights)

Gold 14K
Ounce 14K 15,541.67
Gram 14K 499.73
Kilogram 14K 499,732.30
Tola 14K 5,828.13

Gold price in Morocco in November 2024 in Moroccan Dirham/Gram 14K

Date Gold Gram 14K
9 November 2024 495.81 Moroccan Dirham
8 November 2024 498.91 Moroccan Dirham
7 November 2024 493.03 Moroccan Dirham
6 November 2024 504.58 Moroccan Dirham
5 November 2024 502.05 Moroccan Dirham
4 November 2024 504.03 Moroccan Dirham
3 November 2024 503.03 Moroccan Dirham
2 November 2024 494.71 Moroccan Dirham
1 November 2024 508.16 Moroccan Dirham
31 October 2024 513.93 Moroccan Dirham
29 October 2024 509.42 Moroccan Dirham
28 October 2024 506.66 Moroccan Dirham
27 October 2024 509.14 Moroccan Dirham
26 October 2024 507.64 Moroccan Dirham
25 October 2024 505.03 Moroccan Dirham
24 October 2024 506.38 Moroccan Dirham
23 October 2024 504.50 Moroccan Dirham
18 October 2024 501.56 Moroccan Dirham
17 October 2024 495.69 Moroccan Dirham
16 October 2024 490.74 Moroccan Dirham
15 October 2024 485.67 Moroccan Dirham
14 October 2024 488.28 Moroccan Dirham
11 October 2024 487.79 Moroccan Dirham
12 October 2024 488.77 Moroccan Dirham
11 October 2024 486.86 Moroccan Dirham
10 October 2024 481.26 Moroccan Dirham
9 October 2024 481.29 Moroccan Dirham
8 October 2024 486.56 Moroccan Dirham
7 October 2024 487.61 Moroccan Dirham
6 October 2024 488.37 Moroccan Dirham

How to Calculate the Price of Gram 14K Gold in Morocco

  1. Find the current price of gold per ounce 24K

    Check the gold price in United States dollar per ounce 24K from a trusted source (e.g., 2,684)

  2. Convert the price of gold from United States dollar to Moroccan Dirham

    Assume the exchange rate is 10 Moroccan Dirham per United States dollar. Use the formula:

    Gold price in Moroccan Dirham = Gold price in United States dollar × United States dollar to Moroccan Dirham exchange rate
    Gold price in Moroccan Dirham = 2,684 × 10 = 26,658 Moroccan Dirham per ounce 24K
  3. Calculate the price per gram of 24K gold

    Since 1 ounce equals 31.1 grams, the price per gram of 24K gold is:

    Price per gram of 24K = Gold price in Moroccan Dirham / 31.1
    Price per gram of 24K = 26,658 / 31.1 ≈ 857.17 Moroccan Dirham
  4. Convert the price from 24K to 14K gold

    Since 14K gold is 14 parts gold out of 24, the price for 14K gold is:

    Price per Gram of 14K gold = Price per Gram of 24K gold × (14 / 24)
    Price per Gram of 14K gold = 857.17 × (14 / 24) ≈ 499.73 Moroccan Dirham
  5. Add the manufacturing cost

    Assume making charges are 65 Moroccan Dirham per gram. The final price is:

    Final price of Gram 14K gold = Price per Gram of 14K gold + Making charges
    Final price of Gram 14K gold = 499.73 + 65 = 564.73 Moroccan Dirham
  6. Conclusion

    The price of 1 Gram of 14K gold with making charges is approximately 564.73 Moroccan Dirham.

Understanding Gold Making Charges in Morocco

In Morocco, gold making charges are a crucial component to consider when purchasing gold jewelry. These charges typically range from 10% to 20% of the gram price of gold, depending on several factors such as the complexity of the design and the reputation of the jeweler. This percentage reflects the labor and craftsmanship involved in transforming raw gold into finished jewelry pieces.

To translate this percentage into absolute values, if the current market price of gold is approximately 600 MAD (Moroccan Dirhams) per gram, the gold making charges could amount to around 60 MAD to 120 MAD per gram. This means that if you buy a piece of gold jewelry weighing one gram, you might be paying an additional amount equivalent to the making charges on top of the gold price itself.

When buying gold in Morocco, it's essential to inquire about these charges to understand the total cost fully. Always ensure you are getting a fair deal by comparing prices among different jewelers and being aware of the market trends for gold prices.