Business And Markets

Currency, Gold Close Lower

The price of major currencies and gold declined Wednesday in Tehran after posting growth a day earlier. The dollar lost 1.89% or 4,500 rias to close at 239,300 rials in the free market. The greenback posted 1.14% growth on Tuesday.
However, the dollar gained a subtle 0.04% in the Central Bank of Iran regulated market, from 232,500 rials to 232,600 rials. The regulated market is a network of banks and certified moneychangers under CBI auspices and deals in wholesale currency.
Euro also lost 0.76% and was traded at 290,900 rials. The European currency finished Tuesday trade 0.74% higher while the British pound fetched 330,160 rials down 0.79% compared to the previous day's close. 
Emirati dirham registered a meager decrease of 0.3%, from 67,200 rials to 67,000 rials and the Turkish lira was quoted at 33,400 rials on Wednesday – down 2.09% compared with previous day. 
Gold coin prices followed suit ending the day lower. One Emami gold coin bought 10.8 million rials, indicating a drop of 2.32% compared to Tuesday. 
Half Bahar Azadi gold coin lost 0.81% to be priced at 62 million rials while the quarter Bahar Azadi coin remained unchanged  at 41 million rials.  

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