Business And Markets

Currency and Gold Weaken in Tehran Market

Currency and Gold Weaken in Tehran MarketCurrency and Gold Weaken in Tehran Market

The currency market experienced a significant downturn on Wednesday after more than two weeks of bull market amid a noticeable decline in forex trade in Tehran’s open market. 
Drop in currency rates in tandem with a bearish trend in the global precious metal market also pulled down domestic gold prices.  
The US dollar fell 2,500 rials, or 1.5%, to 173,000 rials. A euro fetched 190,000 rials, down 2,000 rials compared to Tuesday’s close.  
Moneychangers affiliated to the Central Bank of Iran were in the same league. 


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