Gold Price Explosion in Morocco Before the 2030 World Cup

 The Price of Gold in Morocco ,Investment Opportunities

Gold Price Explosion in Morocco Before the 2030 World Cup

Current Gold Price in Morocco:

As of today, the price of gold in Morocco is 610 dirhams per gram for buying and 615 dirhams per gram for selling at gold traders. The global market price for gold is approximately 25,000 dirhams, or about $2,500 per ounce. In this article, I will discuss the expected trends for gold prices in Morocco, whether it is a good time to invest in gold, and future predictions for gold prices in Morocco.

Gold Price in Morocco in 2030:

Today's Advice: Invest your money in gold; you will never regret it.

Gold Prices Today in Morocco According to Global Markets:

Gold Price per Ounce: 25,000 dirhams

18K Gold (per gram): 602 dirhams

21K Gold (per gram): 702 dirhams

22K Gold (per gram): 736 dirhams

24K Gold (per gram): 803 dirhams

21K Gold Coin: 5,616 dirhams

22K Gold Coin: 5,888 dirhams

10 Tola (116.6 grams): 93,629 dirhams

Note: There is a significant discrepancy between the gold price in global markets and the actual local market prices in Morocco, despite accurate currency conversion. Currently, 18K gold is priced at 615 dirhams for sale from major traders, not for the general public.

Historical Gold Prices in Morocco:

As shown in the chart , the price of gold per gram in Morocco has significantly increased, multiplying by over 600% since 2014, rising from around 100 dirhams to 620 dirhams. It is expected that gold prices will continue to rise sharply, especially locally in Morocco, due to increasing inflation and the rising cost of various goods across different sectors.

Why Gold Prices Will Go Up in Morocco:

Key reasons that are expected to drive up the price of gold in Morocco include both technical and fundamental factors. Economic, geopolitical, and social issues are anticipated to contribute to a historic rise in gold prices in Morocco, as illustrated in the following graphic:

Reasons for the Increase in Gold Prices in Morocco by 2030:

• Increasing inflation
• Rising prices across various sectors
• Economic and geopolitical instability

Weekly Gold Analysis (August 18-22, 2024)

Based on daily technical analysis, gold prices are expected to experience a slight downward correction towards $2,480 per ounce. It is recommended to buy gold in this area after the correction ends, whether for short-term trading or long-term investment.

Daily Gold Analysis (4-Hour Time Frame):

Gold Price Explosion in Morocco Before the 2030 World Cup

As indicated in the chart below, gold prices are expected to correct downwards towards the $2,480 area. Any retest in this zone will present an opportunity for buying and daily trading, targeting the $2,530 area, which is the anticipated price range for the upcoming days.

Also read: Gold price per gram in Morocco – don’t miss the opportunity to benefit from gold.