SGBs Driving Gold Prices

An estimated 7 million gold coin bonds, the equivalent of 70,000 Bahar Azadi gold coins were sold in the capital market up until December 20 and are seen as pushing gold coin prices higher in the market, IBENA reported.
The Central Bank of Iran’s gold coin bonds are tax-free and  real persons can buy up to 100 Bahar Azadi gold coins.
The CBI launched the initial public offer for the sovereign gold bond at the Iran Mercantile Exchange (IME) in November.