Business And Markets

Dollar, Gold March Higher in Tehran Market

Dollar, Gold March Higher in Tehran MarketDollar, Gold March Higher in Tehran Market

The US dollar added another 2,500 rials on Thursday in Tehran's free market to close trade at 187,500 rials -- the highest closing price ever. 
Its latest ascend started last Saturday and raised new concern among the public as many traders expect the rate to increase further and beyond 200,000 rials.
A report in the Persian-language economic newspaper Donya-e- Eqtesad referred to the jump in the price of UAE dirham as the key factor leading to the rise in price of the American currency. According to the report, the dirham's price has reached an all-time high of 51,000 rials. 


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