Gold, Currency Slump in Tehran

The domestic bullion market opened lower on Saturday influenced by the downside in international gold markets. 
The Emami gold coin was traded as low as 103.5 million rials losing 4.5 million rials to the day.   Half Bahar Azadi gold coin was worth 61 million rials, down 1.5 million rials or 2.5%. One gram of 18-karat gold was sold for 10.15 million rials, down 3.5%, according to Tehran Gold and Jewelry Union website.
Unlike the norm, the domestic gold market took influence more from world market trends than ups and downs in foreign exchange rates as the latter experienced smaller losses.