Gold prices rose in Morocco, today, Saturday, September 18, 2021, with the stability of the prices of the yellow metal in global markets due to the weekend.
Today and tomorrow is a holiday in the global gold markets.
And the price of a gram of 24 karat gold in Morocco increased to 507.15 dirhams ($56.42), compared to 505.22 dirhams ($56.33), yesterday.
And the price of a gram of 21 karat gold in Morocco rose during evening trading, to record 443.76 dirhams ($49.37), compared to 442.08 dirhams ($49.29), yesterday.
The price of a gram of 18 karat gold in Morocco rose to 380.36 dirhams ($ 42.32) compared to 378.92 dirhams ($ 42.25), yesterday.
As for economic gold prices in Morocco, the price of a gram of 14 karat gold scored about 295.84 dirhams ($ 32.91) compared to 294.71 dirhams ($ 32.86), yesterday.
The price of a gram of 12-carat gold rose to 253.57 dirhams ($ 28.21), compared to 252.61 dirhams ($ 28.17), yesterday.
Gold price per ounce and pound
The price of an ounce of gold in Morocco increased to 15,772 dirhams (1755 dollars), compared to 15,712 dirhams (1752 dollars), yesterday.
The price of the gold pound in Morocco rose to 3,550 dirhams (394.98 dollars), compared to 3,537 dirhams (394.33 dollars), yesterday.
global gold prices
Globally, gold prices rebounded at the end of the week’s trading, yesterday, Friday, after falling to its lowest level in a month during the previous session.
However, the dollar’s strength put the precious metal on a weekly decline path, while investors await the Federal Reserve’s meeting (the US central bank) next week.
By 0716 GMT, spot gold rose 0.5% to $1,762.55 an ounce, while US gold futures rose 0.4% to $1,762.80 an ounce. The yellow metal lost 1.6 percent of its value this week.
The dollar settled near a three-week high on Friday, making gold more expensive for holders of other currencies.
Gold fell 2.7% last Thursday after the dollar index jumped, while an unexpected increase in US retail sales last month reinforced expectations that the Federal Reserve will reduce its stimulus program sooner than expected.
The Federal Reserve’s Open Market Committee meets on September 21 and 22.
As for other precious metals, silver settled at $22.94 an ounce, after hitting its lowest level in more than a month on Thursday.
Platinum rose 1.1% to $942.76 an ounce, while palladium fell 1.3% to $2007.95 an ounce.
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