79458
Gold, FX Rates Recede
Gold, FX Rates Recede

Gold, FX Rates Recede in Tehran

Gold, FX Rates Recede in Tehran

A decline in foreign exchange rates and diminished demand has caused a drop of about 700,000 rials ($16.2) in the price of Bahar Azadi gold coin, meaning that gold coin prices have “balanced” and the bubble that had formed is no more, the head of Tehran’s Gold and Jewelry Union said. “The gold coin auctions at [Bank Melli Iran-affiliate] Bank Kargoshaee were also one of the main reasons that eliminated the price bubble of coins,” Mohammad Keshti-Aray also told IBENA. The Bahar Azadi gold coin was traded at around 14.3 million rials ($332) on Saturday, indicating a notable decrease from Thursday’s 15.1 million rials ($351), according to TGJU’s website. The US dollar was traded for 43,300 rials, compared to Thursday’s late trade of 44,200 rials that signified another all-time low for the Iranian currency.

 

Short URL : https://goo.gl/FmogfX
  1. https://goo.gl/pTHh6p
  • https://goo.gl/AkGFR5
  • https://goo.gl/2YNhhX
  • https://goo.gl/PW5iH5
  • https://goo.gl/XoM3Yb

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
Non-Oil Trade With Malaysia Rises 23%
Iran traded $694.64 million worth of non-oil goods with...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
So far, 90 video games have been submitted to enroll  in the Gamistan Awards.
The second round of Tehran Game Convention is slated for July...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus