Gold Outpaces Forex in Tehran’s Market

Prices in the currency and gold markets surged Sunday after some stability in four sessions. However, the precious metal outpaced forex rates buoyed by rising trends in international markets.
The dollar was worth 271,510 rials in Tehran’s up 0.5% or 1,400 to buy 271,900 rials.
Political tensions in neighboring Afghanistan has spurred a bout of volatility in Iran’s currency market in the past several weeks. The greenback reached as high as 280,000 rials in the beginning of last week before dropping to 270,000 rials in the middle of the week.