Dollar Falters, Gold Loses Luster

Foreign exchange rates and gold prices declined again on Tuesday following renewed intervention by the Central Bank of Iran. 
The US dollar lost 12% to fetch 277,000 rials in the open market. Bank-affiliated moneychangers pulled the dollar to as low as 266,510 rials earlier on the day, but later increased it to 275,500 rials, still 12% or 33,420 rials lower compared to the day earlier. 
Melli Exchange, affiliated to Bank Melli Iran, quoted the euro at 328,500 rials. The British pound was worth 361,480 rials, down 12.19% compared to Monday's close.