Silver price in Moroccan Dirham (MAD) — Morocco
Today, 999 fine silver costs about 21.01 MAD per gram in Morocco — roughly 653.48 MAD per troy ounce and 21,010 MAD per kilogram. Prices come from the global XAG/USD spot rate, converted into Moroccan Dirham at Morocco's parallel-market exchange rate.
How the silver price in MAD is calculated
Silver is quoted internationally in US dollars per troy ounce (XAG/USD). To express it in Moroccan Dirham, we convert the spot price to a per-gram figure, apply the purity factor, and convert to MAD at Morocco's parallel exchange rate — the rate at which dollars actually trade, rather than the lower official Bank Al-Maghrib rate.
Silver units and purities (gram, ounce, kilogram)
One troy ounce equals 31.1035 grams and one kilogram is 1,000 grams, so the per-ounce price is the per-gram price times 31.1035, and the per-kilo price is times 1,000. Purity is given in thousandths: 999 is fine (investment) silver, 925 is sterling, 900 and 800 are common in coins. A 925 piece is worth about 92.5% of the 999 price for the same weight.
Why silver prices follow the parallel market in Morocco
The dirham is managed against a euro-dollar basket, so Morocco's informal market is modest and driven mainly by tourism and travel needs. Like gold, silver is a dollar-priced store of value, so its MAD price climbs as the parallel rate weakens. Tracking silver in Moroccan Dirham gives a low-cost read on the same currency pressures that move gold and the street dollar.