Economy, Business And Markets

Azadi Gold Coin Drops

Azadi Gold Coin DropsAzadi Gold Coin Drops

Bahar Azadi Gold Coin was traded at 11.13 million rials ($314.7 at market exchange rate) in Tehran’s market on Saturday, down by 60,000 rials or 0.54% compared with the previous day’s close. Emami Gold Coin also recorded a 0.59% drop at 66,000 rials and it was sold at 11.139 million ($315). Half Azadi changed hands at 5.61 million rials ($158), down by 0.18% compared with the previous day’s close. Mohammad Keshti-Aray, the head of Gold and Jewelry Union, predicted stability in the market for the week ahead. Talking to ISNA, he said gold price volatility in global markets has had a ripple effect in Iran. Keshti-Aray added that the market has not experienced any major shocks in recent weeks and all the swings are natural.