Business And Markets

Tehran Market: Gold Shines as Bubbles Deflate

Tehran Market: Gold Shines as Bubbles DeflateTehran Market: Gold Shines as Bubbles Deflate

Traditionally influenced by domestic currency rates, Iran’s gold market has moved away and taken a different route since the past week amid soaring prices in global markets. 
Despite the bearish trend in the forex market, the yellow metal behaved differently in Tehran on Tuesday, following in the footsteps of the international market.   
Each Imami gold coin sold for 42.3 million rials, up 800,000 rials compared to the previous trading session on Sunday. Benchmark Bahar Azadi was sold for 41 million rials, inquiries by the Financial Tribune show. 


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