فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Fes News has received new data regarding gold prices in the city of Fes, where, as in many other Moroccan cities, a notable rise in prices has had a significant impact on the local market. Currently, the price of gold per gram in Fes ranges between 830 dirhams and 1100 dirhams, depending on the model and quality.
In a statement to Fes News, Khalid Snahaji, President of the Professional Association of Jewelers and Goldsmiths in the Fes region, highlighted that the sharp increase in gold prices is due to a combination of international and local factors. Snahaji stated, “The substantial price hike is a result of rising raw material costs in global markets, alongside ongoing changes in international stock markets. This situation has significantly affected the purchasing power of consumers and led to a decline in gold purchases, particularly in Fes.” He added that gold traders are facing significant difficulties in moving the market under these challenging conditions.
Gold traders in Fes, like those in other Moroccan cities, are struggling to deal with the price hike, as purchasing power has noticeably decreased. Several gold traders in Fes mentioned that the demand for gold, especially wedding rings, has dropped due to the high prices, which currently range from 850 to 900 dirhams per gram. However, there is still interest from certain groups in buying gold as an investment or a safe-haven asset.
The price of gold in Fes mirrors that of other major Moroccan cities, such as Rabat, Casablanca, and Marrakech. Prices are primarily affected by global economic conditions, particularly the rising costs in international markets. It is evident that all Moroccan cities are facing the same challenges due to this increase, as gold has become more expensive and less affordable for ordinary citizens.
Despite the current increase in gold prices, it is expected that prices will remain high or possibly continue to rise in the near future, given the ongoing inflation in global markets and the anticipated rise in raw material costs. In this context, gold remains a popular choice for many as a means of investment or wealth preservation amid economic fluctuations.
source : fesnews media
