65357
Gold Coin Rout Stops
Gold Coin Rout Stops

Gold Coin Rout Stops

Gold Coin Rout Stops

Emami gold coin dropped below 12 million rials ($320) by May 24 to set a two-week low record until Saturday when it regained 50,000 rials to reverse the bearish trend.  
The value of all kinds of gold coin has been dropping in the past week, which seems to have stopped on the first day of the Muslim fasting month of Ramadan.
Benchmark Bahar Azadi gold coin fell by 120,000 rials during the week to May 26, changing hands for 11.79 million rials ($314.4) but the prices remained  steady on Saturday in Tehran’s market.
Half Azadi and Quarter Azadi experienced a drop of 110,000 rials and 30,000 rials during the past week respectively, but they both managed to remain steady on Saturday.
The bear market of gold coin had been ascribed to rial’s gain against the US dollar while the value of gold was rising slowly in global markets where the gold is at its three-week high of  $1,268 per ounce. The silver market situation is the same as the precious metal and sold for $17.42 an ounce- a 60-day high.
Platinum is almost at a one month high at $964 an ounce, registering a growth of $8 compared with the same period of last month.     
The three most popular currencies in Iran, namely the US dollar, euro and Emirati dirham, all lost against rial during the week to May 25.
The greenback changed hands for 37,670 rials on May 18, but fell to 37,430 rials during the next week to register a drop of 240 rials.

Short URL : https://goo.gl/W3wvsq
  1. https://goo.gl/2BlOfE
  • https://goo.gl/4JzHyD
  • https://goo.gl/xHoNT7
  • https://goo.gl/nh9Y0e
  • https://goo.gl/9kY76p

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Wide-Ranging MoU With Mexico
A memorandum of understanding on agriculture and rural...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus