Domestic Economy
0

Centralized Gold Coin Trade Platform Planned as Prices Hit Fresh Highs 

Centralized Gold Coin Trade Platform Planned as Prices Hit Fresh Highs Centralized Gold Coin Trade Platform Planned as Prices Hit Fresh Highs 

As gold coin prices hit record highs, Tehran Gold and Jewelry Union has announced that it is planning an integrated platform to keep track of and supervise gold coin trade.
Speaking to EcoIran TV, Mohammad Keshti-Aray, the union's vice president said the platform's operation would be similar to the Central Bank of Iran SANA system.
Licensed moneychangers keep a record of their daily forex transactions in the SANA system created by the CBI  for supervising currency rates.
"The platform will come with an application, allowing users to validate their purchases directly from the union and keep track of market prices," he added.
Keshti Aray noted that the system is in the developing stage and "should become operational by March 2021."
One Emami gold coin shot up to near 90 million rials on Tuesday and on Wednesday was priced at 90.83 million rials -- up 0.7%. 
TGJU data shows the Emami gold coin has gained more than 8% in the past seven days and 21.6% over the past 30 days. 

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com