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Gold prices today in Morocco, Sunday March 13, 2022

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Gold prices stabilized today in Morocco, Sunday March 13, 2022, coinciding with the weekly holiday of the precious metals markets worldwide.

Gold Price Today in Morocco

The average price of a gram of 24-carat gold in Morocco was 623.73 dirhams ($64.05).

The average price of a gram of 21-carat gold in Morocco (the most traded on the market), today, was 545.78 dirhams (56.05 dollars).

While the average price of a gram of 18-carat gold in Morocco was about 467.81 dirhams (48.04 dollars).

Looking at cheap gold prices in Morocco today, the average price for a gram of 14 karat gold was about 363.85 dirhams ($37.37).

Gold price per ounce and pound today in Morocco

And the average price of an ounce of gold today in Morocco was around 19,398 thousand dirhams (1992 dollars).

The average price of a pound of gold in Morocco today (8 grams of 21 carats) was around 4,366 dirhams (450.01 dollars).

world gold prices

Globally, gold prices dipped below $2,000 an ounce at the close of trading on Friday (the closing session of the week), with investors pricing in many geopolitical and economic developments.

Investor appetite for safe assets waned after Russian President Vladimir Putin stated that some progress had been made in talks with Ukraine, although he did not elaborate on the specifics of this improvement in discussions between the two sides.

The data revealed that the “Michigan” index of consumer confidence in the United States fell to its lowest level in 11 years at 59.7 points, compared to 62.8 points last February, due to fears of rising prices in the country.

Markets are awaiting the Federal Reserve meeting scheduled for next week, amid expectations that the US Central Bank will raise interest rates for the first time since the start of the “Corona” pandemic.

The US consumer price index rose 7.9% in February on an annual basis, the fastest pace on record since 1982.

And the price of gold futures contracts for April delivery fell 0.8%, or the equivalent of $15.40, to hit $1,985 an ounce as Friday’s session settled.

In last week’s total trading, the price of precious metal futures contracts increased 0.9%.

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