Gold-Greenback Paths Diverge
Gold-Greenback Paths Diverge

Tehran Market: Gold-Greenback Paths Diverge

Tehran Market: Gold-Greenback Paths Diverge

The gold coin and the US dollar took different courses in Tehran market on Wednesday, with the latter registering a slight gain and the greenback declining against the rial. Bahar Azadi gold coin gained 15,000 rials and fetched 13.89 million rials ($331), as the benchmark coin continues to defy heavy interventions by the Central Bank of ran aimed at cooling the coin’s recent rally. Over 10 auctions have so far failed to achieve their desired goals, but have succeeded to dent the coin’s bubble. The rial, on the other hand, showed some signs of strengthening against the US dollar, as it was quoted at 41,860 to the dollar, according to rates published on Tehran Gold and Jewelry Union’s website.  The futures market indicates a lower exchange rate for Thursday.  CBI set the official dollar exchange rate at 35,760 rials on Wednesday.   


Short URL : https://goo.gl/GQsNUo
  1. https://goo.gl/5pZ74U
  • https://goo.gl/nxRLww
  • https://goo.gl/Pwa6J1
  • https://goo.gl/8cQDzr
  • https://goo.gl/HLn1ww

You can also read ...

Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Housing Uptrend Continues
Iran's housing and construction sector registered a fourth...
Renovation of Mehrabad Airport Terminals by March 2020
Renovation of terminals 1 and 2 of Tehran’s Mehrabad...
Instagram Testing Resharing Feature
After years of resistance, Instagram is now testing a way for...

Add new comment

Read our comment policy before posting your viewpoints