Currency rates paused Wednesday in Tehran after gaining in three straight sessions.
The dollar was quoted 274,000 rials in the open market, down 0.9% compared to the earlier session. It was sold for 270,000 rials at exchange shops affiliated to the Central Bank of Iran.
Other major currencies also declined. The UAE dirham was down 1.2%, losing 900 rials and fetched 75,500 rials. The Emirati currency had reached an all-time high of 82,000 rials in mid-October.
The euro lost 1.4% or 4,500 rial to reach 322,400 rials and the UK pound sterling closed at 322,300 rials, 1.4% lower compared to prices the day before, eghtesadnews reported.
Gold prices followed suit. The Emami gold coin was sold at 130 million rials 2.3%, or 3 million rials lower than the previous day. Half Bahar Azadi gold coin lost 1.3% and was traded at 72 million rials.
In international markets the yellow metal eased on Wednesday on a firmer dollar and market optimism over a potential Covid-19 vaccine. But bets for continued monetary support to revive a pandemic hit economy capped bullion's decline, Reuters reported. Spot gold fell 0.3% to $1,870.20 per ounce while US gold futures slipped 0.4% to $1,868.70.
