Forex and Gold Plunge in Tehran

Prices in Tehran’s currency and gold market dropped sharply as official trade resumed on Saturday after the annual two-week Nowrouz holidays, marking the Iranian new year. 
The dollar lost close to 4% against the national currency to fetch 246,800 rials in the open market down 9,700 rials in one day. 
Similarly the euro and pound sterling fell 2.8% to be worth 298,100 rials and 348,370 rials, respectively and the UAE dirham lost 2.9% to buy 68,920 rials.