Iran's Gold Output Down by Two-Thirds
Iran's Gold Output Down by Two-Thirds

Iran's Gold Output Down by Two-Thirds

Iran's Gold Output Down by Two-Thirds

Annual production of gold in Iran has declined by two-thirds from 180 tons in the fiscal 2011-12 to 60 tons in 2016-17, mostly due to the 9% value added tax imposed on gold and jewelry sales and a change in people’s preferences, the head of Tehran Gold and Jewelry Union said. "Over these years, as many as 4,000 gold and jewelry businesses have closed down across the country and up to four gold sellers have shut down on a daily basis since March 21 this year," the website of Tehran Chamber of Commerce, Industries, Mines and Agriculture quoted Mohammad Keshti-Arai as saying.

Short URL : https://goo.gl/wYkGIe
  1. https://goo.gl/gqLeb7
  • https://goo.gl/K2CyFp
  • https://goo.gl/HFCnR8
  • https://goo.gl/2aKwXn
  • https://goo.gl/NOgOjt

You can also read ...

Turkey Determined to Protect Companies From US Sanctions
Turkey will take every initiative to protect its companies...
Westminster Group Hopeful Over Iran Airport Security Deal
UK-based company Westminster Group PLC is still hopeful it can...
Tesla’s Gigafactory in Nevada, the US
Tesla Inc has flown six planes full of robots and equipment...
Further Hike in Unified USD Rate
The Central Bank of Iran has increased the US dollar's...
Fiat Chrysler Recalls 4.8m Vehicles
Fiat Chrysler is warning the owners of approximately 4.8...
Head of Sistan-Baluchestan’s Ports and Maritime Organization Behrouz Aghaei (L) shakes hands with Managing Director of Life Trade Promotion Company Mohammad Arazesh after signing the agreement on May 23.
Life Trade Promotion Company signed an agreement with Sistan-...
Iran’s 65-and-over population is projected to rise to make up 11% of the total population in 2036-37.
Iran’s population will get increasingly older over the next...
Non-Oil Trade With Austria Surpasses 19%
Iran traded $364.34 million worth of non-oil goods with...

Add new comment

Read our comment policy before posting your viewpoints