61575
Gold Down, USD Up
Gold Down, USD Up

Gold Down, USD Up

Gold Down, USD Up

Bahar Azadi Gold Coin fell by 100,000 rials on Wednesday, changing hands for 12.10 million rials ($323) in Tehran’s market to witness another drop after an unexpected rally in recent days. Speculative activities created a bubble in gold coin market to push the price to 12.35 million rials ($330) on Monday to reach its highest since September 2013. The figure, however, fell during the two following days by 15,000 and 10,000 rials to prove the short-lived rally was not supported by global trends, as speculators pulled the strings behind the scene. This is while the US dollar was exchanged for nearly 38,000 rials in Tehran’s market on Wednesday to register an increase of 400 rials or 1% compared with Tuesday. USD reached its highest rate over the past month, as the Iranian New Year (on March 21) is only a few days away. 

Short URL : https://goo.gl/OxU3fr
  1. https://goo.gl/UUgjlg
  • https://goo.gl/xizsWN
  • https://goo.gl/auxsGt
  • https://goo.gl/Vp0XYk
  • https://goo.gl/fzNe9f

You can also read ...

WTO Accession No More a Priority for Iran
Joining World Trade Organization is no longer a priority for...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
Iran’s per capita egg consumption stands at 198.
Hit hard by the H5N8 bird flu virus last year, the Iranian...
IRICA: Wheat Import Banned
The Islamic Republic of Iran Customs Administration has issued...
Proposed Economy Minister Pledges Overhaul
Economy minister-designate, Masoud Karbasian, elaborated his...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus