Gold Price in Morocco | Today’s Latest Rates – 2023

24 Carat Gold Price In Morocco:
637.09 (MAD) Per Gram

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Gold price in morocco for today can be found in this article. For buying Gold as investment, use in the ornaments, or in the form of digital assets, you will definitely want to know the gold rates in Moroccan Dirham (MAD).

Following is the table of latest prices as per measuring units of Gold.

*these rates are taken from some reliable sources of the industry.

Gold demand may increase as a result of Morocco’s growing economy, both for industrial purposes and for investment.

As well as gold bars and gold coins, one can invest in the metal by purchasing collectibles and jewelry.

Gold Price In Morocco Per Gram, Kilo, Ounce

Various gold prices in Morocco are shown in the following table (ounces, tolas, grams, kilograms, etc.).

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Furthermore, if you want to check rates in other countries like gold rate in Australia, Read here.

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Changes in gold prices depends upon these Parameters

• Supply and Demand: Eventually, the high demand and low supply in Morocco will boost the price of gold.
• Gold Price dependency: When interest rates rise, gold prices drop, which leads to a decrease in gold purchases.
• Jewellery: Weddings and other celebrations are heavily adorned with gold jewellery in Morocco. Most traditional weddings are decorated with gold jewelry.
• Exchange Rates Dependency: The international gold market is dominated by dollar transactions. For determining the price of imports, we use the exchange rate of USD (US Dollar) to Moroccan Dirham (MAD).

Rates for Gold Carats

This bird’s eye view will give you a general idea of gold carat prices.

You will find the prices per gram, per 10 grams, per Tola, per Aana, and per ounce in the table below, to know more about gold price in Morocco.

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Gold Measurements

In Morocco, gold weight is also measured in grams, kilograms, and tolas.

• Approximately 11.6638038 grams of gold weigh one tola, 31.1034768 grams per ounce, and 1,000 grams per kilogram.
• 1 Tola = 11.66 grams
• 1 Ounce = 31.1034 grams
• 1 Kilograms = 1000 grams
• The weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams), whereas its purity is measured in “carats”. The caratage of gold alloyed with other metals is the measure of purity.

The tools below allow you to convert gold weight between different units:-

Gold Price in Morocco | Calculator

From here, you can calculate the quantity of gold for any number of items

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Things to keep in mind before making a purchase

1. In order to invest, you should purchase 24k.
2. Gold ornaments made of 22k, 21k, and 18k gold should be checked for purity before purchase.
3. Prices for gold vary by location in addition to daily fluctuations. The 22-karat gold rate today in Morocco has been listed below.
4. Gold purity is governed by the Moroccan Bureau of Standards.
5. In 100 grams of gold, or 916 gold, there are about 91.6 grams of pure gold. Gold prices are also subject to an additional charge. These charges typically amount to 15 percent of the gold price today.

Gold Rates issuing authority

A panel of experts, several banks, and an oversight committee calculate gold’s price in the gold futures derivative markets. These banks provide average futures prices as well as spot prices.

Bank Al-Maghrib, is one of Morocco’s most important sources of information regarding gold prices.

Gold Carats In Morocco

Various carats and their respective Hallmark of Gold jewelry are as follows:

There are six types of hallmarked gold sold in Morocco jewelry stores:

• 375 hallmarked gold (9 carat gold)
• 585 hallmarked gold (14 carat gold)
• 750 hallmarked gold (18 carat gold)
• 875 hallmarked gold (21 carat gold)
• 916 hallmarked gold (22 carat gold)
• 958 hallmarked gold (23 carat gold)
• 999 hallmarked gold (24 carat gold)

Historical Prices for All Gold Carats

Making accurate gold price predictions requires the study of historical gold prices 

DATE	24k Price (MAD)	22k Price (MAD)	21k Price (MAD)	18k Price (MAD)	14k Price (MAD)
23 September 2023	637.5	584.4	557.8	478.1	372.2
22 September 2023	632.9	580.2	553.8	474.7	369.5
21 September 2023	639.1	585.8	559.2	479.3	373.1
20 September 2023	635	582.1	555.6	476.3	370.7
19 September 2023	636.2	583.2	556.6	477.1	371.4
18 September 2023	635.3	582.4	555.9	476.5	370.9
17 September 2023	634.1	581.2	554.8	475.5	370.2
16 September 2023	635.9	582.9	556.4	476.9	371.2
15 September 2023	631.5	578.9	552.5	473.6	368.7
14 September 2023	624	572	546	468	364.3
13 September 2023	624.9	572.8	546.7	468.7	364.8
12 September 2023	630.2	577.7	551.4	472.6	367.9
11 September 2023	631.7	579	552.7	473.7	368.8
10 September 2023	629.2	576.8	550.5	471.9	367.4
9 September 2023	627.6	575.3	549.1	470.7	366.4
8 September 2023	630.3	577.8	551.5	472.7	368
7 September 2023	632.9	580.2	553.8	474.7	369.5
6 September 2023	631.6	579	552.6	473.7	368.7
5 September 2023	635.1	582.1	555.6	476.3	370.8
4 September 2023	643.9	590.3	563.4	482.9	375.9
3 September 2023	640.3	587	560.2	480.2	373.8
2 September 2023	641.6	588.1	561.3	481.1	374.6
1 September 2023	634.6	581.7	555.2	475.9	370.5
31 August 2023	630	577.5	551.2	472.5	367.8
30 August 2023	628.8	576.4	550.1	471.6	367.1
29 August 2023	628.8	576.4	550.2	471.6	367.1
28 August 2023	618.2	566.7	540.9	463.6	360.9
27 August 2023	618.6	567	541.2	463.9	361.1
26 August 2023	618	566.5	540.7	463.5	360.8

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

Numerous factors affect the gold market in Morocco, so prices aren’t an accurate reflection of international prices.

Most sources update prices every 15 minutes, but some update every five minutes.

In addition to checking prices online, you may also want to check prices in a few physical stores.

JewellsMark, neither controls nor is responsible for the international gold price.