Italian Technology to Boost Iran’s Gold Industry

Iranian gold producers are taking measures to improve their international ranking by increasing the quality of their products, an official with Tehran Gold and Jewelry Union said. Ahmad Vafadar also said Iranian producers have recently imported state-of-the-art technologies from Italy, which would definitely leave a positive impact on the industry in the near future, Trend News Agency reported. Speaking about Iranian gold producers’ international ranking, he said the country is currently among the top six gold producers. Vafadar called for cooperation between entrepreneurs from his country and Azerbaijan in the gold industry, saying there are good opportunities for cooperation between the two neighboring countries. Gold price has been on the rise over the past weeks in the Iranian market. Per gram of the 18-karat gold hit $32.3 (1.258 million rials) in the Iranian market on Sept. 7. The upsurge in global prices is one of the main reasons causing the price hike in the country’s gold market.