Gold fell in Morocco today, Saturday, March 19, 2022, in line with the precious metal’s weekly fall, the largest weekly decline in world markets in four months.
Gold prices in Morocco today
Also in the local market, the price of a gram of 24 carat gold fell to about 604.02 dirhams ($ 61.83) during trading in the evening.
The price of a gram of 21 carat gold (the most traded in the market) in Morocco today fell to about 528.53 dirhams ($ 54.10).
The price of a gram of 18 carat gold in Morocco fell to about 453.02 dirhams ($ 46.37) in the middle of today’s trading.
Based on economic gold transactions in Morocco, the average price of a gram of 14 carat gold is about 352.34 dirhams ($ 36.07).
The price of an ounce and a pound of gold in Morocco today
The average price of an ounce of gold in Morocco today fell to about 18.785 thousand dirhams ($ 1923) during the evening trade in the local market.
The average price of a pound of gold in Morocco in today’s trade was about 4228 dirhams ($ 432.82).
Gold prices internationally today
Globally, the price of gold fell by $ 14 at the close of trading (end of the week trading) on Friday, with the US currency rising to record the worst weekly performance of the yellow metal since late November 2021.
It comes with a faint demand for precious metal triggered by the Russian-Ukrainian war, which has entered its fourth week.
And after the US Federal Reserve raised interest rates, the price of gold rose about $ 34 last Thursday, ending trading with the fall of the US currency.
At the end of the week’s trading, gold futures trading – for April delivery – fell 0.7% to $ 1929.30 an ounce, equivalent to $ 13.90.
The yellow metal fell 2.8% in the week ending with silver, while gold recorded its biggest weekly loss in almost 4 months.
Spot delivery of yellow metal fell by about 0.8% to $ 1926.32 an ounce.
At the same time, the price of silver futures contracts – May delivery – fell 2.1% to $ 25.08 an ounce.
Spot Platinum was up 0.4% at $ 1030.56 an ounce and Spot Palladium was down 0.3% at $ 2508.73 an ounce.
The dollar index, which measures the performance of the US currency against 6 major currencies, rose 0.2% to 98.213 points.
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