The Azadi gold coin took a large hit on Wednesday, following the drop in gold spot price as the dollar rallied in the international markets. The benchmark gold coin fell by 1.2 percent, to a nine-months low, tumbling to 9,025,000 rials. The slide in Azadi coin’s price came as the price of bullion for immediate delivery fell by 2.04 percent to its lowest since May 2010, as stronger dollar drove down demand for the precious metal. Moreover, physical demand failed to provide support for gold’s price.
