Finance

Gold in Morocco: 20 to 30 dirham drop per gram expected

2 November 2026·2 min read

According to Hespress, Moroccan gold markets are expected to lose 20 to 30 dirhams per gram by midweek, following the international gold decline. Per 18K, Moroccan 18-carat gold has already dropped 17 dirhams per gram, to about 1,020.

Gold in Morocco: A Further Drop of 20 to 30 Dirhams per Gram Expected by Midweek

Local markets are expected to see a further fall of 20 to 30 dirhams per gram by midweek, according to calculations and data gathered by Hespress from industry professionals. The move is coming from abroad. Spot gold has fallen by 3.5% to $3,880.97 an ounce, its lowest level since October 2025. This fall follows heavy selling in technology stocks, against a backdrop of concerns over investment in artificial intelligence.

In Morocco, raw 18-carat gold stands at around 1,020 dirhams per gram, for reference only. That is 17 dirhams less, or 1.64%, than at Friday's close, according to the specialist platform 18K. This decline remains smaller than the international fall, which would theoretically amount to nearly 70 dirhams per gram.

The gap is explained by a distinction professionals make between two prices. The "screen price" reflects the quotations of international stock markets. The "physical" price is what is actually charged in Moroccan markets. Soufiane, a gold and jewellery professional in Rabat, attributes the initial local drop to the urgent wish of some holders to sell quickly to obtain cash, as soon as the first signs of decline appeared internationally. According to him, the real effects should emerge gradually over two to three days.

For traders, the bill can quickly add up. A drop of 20 dirhams per gram represents a direct loss of 20,000 dirhams for every kilogram of gold. The jewellery sector is also experiencing, according to Soufiane, a marked stagnation in Morocco.

Looking ahead, professionals agree that the market generally sees a limited seasonal recovery during the final week before the New Year.

Share this article

2 November 2026

AfDB successfully completes its first dirham-denominated bond issuance in Morocco

The African Development Bank (AfDB) announced it successfully completed its first bond issue denominated in Moroccan dirham, worth one billion dirhams. Private placement with qualified investors, seven-year maturity, floating rate.

29 October 2026

Laprophan receives AMMC visa for its stock market listing

The pharmaceutical group Laprophan obtained the visa of Morocco's AMMC for its listing on the Casablanca Stock Exchange. The share price is set at 341 dirhams. Subscription runs from 9 to 17 November 2026, with CFG Finance as financial adviser.

27 October 2026

Meta plans to raise $35 billion to fund its AI race

According to documents filed with the SEC, Meta plans to raise $35 billion through a share issue, its first since its 2012 IPO. A further share issuance programme of up to $60 billion is also under consideration, with no date set.

Related practical guides

Retirement in Morocco for MREs: CNSS, Foreign Pension, Medical Coverage7 min Canada-Morocco Tax Convention: What It Provides and Steps for MRE in Canada9 min Declaring a Moroccan Bank Account to French Tax Authorities: Form 39167 min

Are you an MRE?

Join the platform and reach verified professionals in Morocco. Free.

Create my free account

Have a project in Morocco?

Find a LesMRE-verified expert to guide you through your steps.

Find an expert →