Currency, Gold Retreat in Tehran

Forex rates declined on Monday pulling down gold prices in the Iranian market. The dollar retreated after breaking past the critical 230,000 rial at the start of trading week on Saturday.
The greenback lost 1.7% or 3,900 rials to close at 228,500 rials in Tehran’s free market. The UAE dirham’s loss was bigger at 2.31% to fetch 62,360 rials.
Both the UK pound sterling and the euro too declined slightly. A euro was worth 281,460 rials down 0.3% compared to the session earlier. One pound sterling bought 321,800 rials down from 327,500 rials quoted a day earlier.