Gold Coin at 4-Year High
Gold Coin at 4-Year High

Gold Coin at 4-Year High

Gold Coin at 4-Year High

Gold coin prices continued their weeklong surge to reach their four-year high in Tehran's market on Monday.
After significant leaps in recent days, Bahar Azadi gold coin fetched 11.96 million rials ($320) on Monday, up from 11.81 million rials ($315) a week ago.
Emami gold coin changed hands at 12.3 million rials ($328) on Monday–a whopping increase of 300,000 rials compared with last Monday's close. Half Azadi and Quarter Azadi experienced an increase of 110,000 rials and 20,000 rials during the week to April 17, respectively.
 The rally for the benchmark coin was ascribed to the bull run in global gold markets where the price of an ounce reached its highest in 200 days at $1,290 to register a tremendous leap of $40 in just a week.
This is while rial gained against the US dollar in Tehran's market. The greenback was exchanged at 37,550 rials on Monday, down by 100 rials to compare with last Monday's close. The euro remained unchanged at 40,590 rials while British pound changed hands for 47,020 rials, showing a slight increase of 170 rials compared with last Monday's close.
The price of gold coin in Iran's market is mainly influenced by the exchange rate of US dollar and global gold prices.
This indicates that the surge of gold price in global markets has been so drastic that it single-handedly pushed prices in Iran's market to set a four-year record. 

Short URL : https://goo.gl/rdsnmf
  1. https://goo.gl/67NSuf
  • https://goo.gl/NmOjSn
  • https://goo.gl/5ZrKQb
  • https://goo.gl/fGX5Ej
  • https://goo.gl/6BAm01

You can also read ...

Oman Eyes Iran Market Amid Rising Imports
Ithraa, Oman’s inward investment and export promotion agency,...
Iran Missing Advantages of Foreign Banks’ Presence
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Luxgen’s S3 is a 5-seater subcompact sedan equipped with a 1.6-liter, 116 hp gasoline engine.
Local company Arman Motor Kavir is set to unveil two imported...
Iran Exim Bank Tapping NDFI Resources
Export Development Bank of Iran–the country's exim bank–is to...
Billet and bloom shipments made up the bulk of exports, reaching 1.78 million tons, up 28% year-on-year.
Iran’s semi-finished steel exports during the first seven...
Transport MoU With South Korea
Iran and South Korea have signed a memorandum of understanding...
Roadmaps for SSO Recovery
The research arm of the Iranian Parliament has conducted a...
Local producers have often called  on the government to increase import tariffs on tires.
In order to “protect domestic production”, the Industries...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.