Gold prices fell in Morocco, this evening, Monday, October 18, 2021, in conjunction with the decline in the precious metal markets globally.
Gold price in Morocco today
And the price of a gram of 24 karat gold in Morocco today was about 514.68 dirhams ($ 56.83).
While the price of a gram of 21 karat gold (the most traded in the market) was about 450.35 dirhams ($ 49.73).
The price of a gram of 18 karat gold was about 386.01 dirhams ($ 42.63).
As for economic gold prices in Morocco, the price of a gram of 14 karat gold recorded about 300.23 dirhams ($ 33.15).
The price of a gram of 12-carat gold was about 257.34 dirhams ($ 28.42).
Gold price per ounce and pound
And the price of an ounce of gold (an ounce) in Morocco was about 16,006 dirhams (1,768 dollars).
The price of the gold pound in Morocco (8 grams of 21 carat) was about 3603 dirhams (397.84 dollars).
Gold prices today
Globally, gold prices fell slightly on Monday, after the increase in US bond yields and the strength of the dollar weakened the attractiveness of the precious metal.
Spot gold lost 0.3% to $1,762.80 an ounce, and US gold futures fell 0.2% to $1,764.30 an ounce.
Gold has become less attractive after US 10-year Treasury yields achieved extended gains, and the dollar rose 0.2% against its competitors, making the precious metal more expensive for holders of other currencies.
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