Morocco gold price rise impacts traders

Gold prices have surged sharply in Morocco, reaching around 1,600 dirhams per gram, following a global increase linked to currency swings, geopolitical tensions and concerns over rising US government debt, making gold jewellery too expensive for many buyers, as reported by Maghrebi Week on February 23rd. 

Local traders say the sharp and unstable price movements have slowed sales and made it difficult to offer instalment payment plans that were once common, as customers often return to find agreed prices have changed.

Experts are advising buyers to closely observe market trends before investing, as unstable prices leave both sellers and consumers facing growing uncertainty in the gold jewellery market.

Maghrebi Week