A process for producing a metal alloy balance wheel by molding, the process including the following steps: a) making a mold in the negative shape of the balance wheel, b) getting hold of a metal alloy that has a thermal expansion coefficient of less than 25 ppm/° C. and is able to be in an at least partly amorphous state when it is heated to a temperature between its glass transition temperature and its crystallization temperature, c) putting the metal alloy into the mold, the metal alloy being heated to a temperature between its glass transition temperature and its crystallization temperature so as to be hot-molded and to form a balance wheel, d) cooling the metal alloy to obtain a balance wheel made of the metal alloy, e) releasing the balance wheel obtained in step d) from its mold.