Azadi Coin at 3-Month High
Economy, Business And Markets

Azadi Coin at 3-Month High

Azadi gold coin sold for a record 10.39 million rials in Monday trade, a 0.68% increase, compared with the previous day’s close following the increase in global bullion prices. This marks a three-month high for the benchmark bullion.  
The Emami bullion coin was up 0.73% and sold for 10.395 million rials. The half Azadi gold coin changed hands at 5.45 million rials, marking a 0.18% surge.
A weaker dollar has provided some support for the precious metal’s rally in markets around the world. The price of gold has risen 17% since the start of 2016, buoyed largely by global market volatility and a weaker dollar.
Uncertainty from the US Federal Open Market Committee last week over the timing of future rate increases also helped propel the metal higher by weakening the dollar, Wall Street Journal reported.
Spot gold was up 0.8% at $1,249.46 a troy ounce in midmorning European trade, having reached a near three-week higher earlier in the session at $1,254.30 an ounce.

Short URL : http://goo.gl/tq48v3
  1. http://goo.gl/0NXZC0
  • http://goo.gl/Y8sKVe
  • http://goo.gl/Pq9YiO
  • http://goo.gl/oG3l0J
  • http://goo.gl/QbazJl

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...
51.5% Rise in University Graduates
The findings of the most recent National Population and...
Roads and Urban Development Minister Abbas Akhoundi has...