Gold prices in Morocco fell today, Thursday, September 16, 2021, affected by the global decline in the prices of the precious metal, against the background of the rise in the dollar.
Gold price in Morocco
The price of a gram of 24 karat gold in Morocco fell during Thursday’s trading, to record about 508.35 dirhams ($ 56.67), compared to 516.91 dirhams ($ 57.81) at the close of trading on Wednesday.
And the price of a gram of 21 karat gold in Morocco (the most traded in the market) fell during evening trading on Thursday, to record about 444.82 dirhams ($49.59), compared to 452.30 dirhams ($50.58) yesterday.
The price of a gram of 18 karat gold in Morocco fell, Thursday, to the level of 381.27 dirhams ($ 42.50), compared to 387.69 dirhams ($ 43.36) at the close of trading yesterday, Wednesday.
As for economic gold prices in Morocco, during Thursday’s trading, the price of a gram of 14 karat gold scored about 296.54 dirhams ($ 33.06), and the price of a gram of 12 karat gold recorded about 254.17 dirhams ($ 28.34).
Gold price per ounce and pound
The price of an ounce in Morocco fell, Thursday, to the level of 15,810 dirhams (1763 dollars), compared to 16,076 thousand dirhams (1,798 dollars) at the close of trading on Wednesday.
And the price of the gold pound in Morocco fell (8 grams of 21 karat), to record about 3559 dirhams (396.71 dollars), compared to 3618 dirhams ($ 404.66) at the close of trading yesterday.
Gold prices today
Gold prices deepened their losses during Thursday’s trading, after the release of mixed economic data, and with the rise of the dollar.
Official data showed that US retail sales rose 0.7% in August, compared to expectations for a 0.7% decline, while jobless claims increased more than expected by 332K last week.
In terms of trading, gold futures for December delivery fell by 1.8%, or by $32, at $1,762.80 an ounce at exactly 03:45 pm Mecca time, and the spot price for the yellow metal fell by 1.7% at $1,763.93 an ounce.
precious metals prices
Silver futures for December delivery fell 2.9% to $23.12 an ounce.
The spot price of platinum also fell 0.8% at $942.19 an ounce, while the spot price of palladium increased by about 1.8%, recording $2027 an ounce.
The dollar index, which measures the performance of the US currency against a basket of six currencies, rose by 0.4% to 92.90 points.