Gold prices in Morocco continued their downward trend for the sixth consecutive week, according to the latest data from the Moroccan market on Tuesday, June 23, 2026. The price of 24-carat gold fell by 752.62 dirhams per ounce, settling at 38,402.22 dirhams, compared to 39,154.84 dirhams in the previous session.
This decline reflects ongoing global market trends, with gold prices under pressure from factors such as a stronger US dollar and expectations of higher interest rates. The drop marks a significant correction from recent highs, though prices remain elevated compared to historical averages.
Market analysts attribute the sustained fall to reduced safe-haven demand amid improving economic conditions in major economies. The Moroccan market, which closely tracks international benchmarks, has mirrored these global movements.
Local investors and jewelers are monitoring the situation closely, as lower gold prices could stimulate demand for jewelry and investment in the coming weeks. However, the continued decline raises questions about the stability of gold as a store of value in the short term.
