The current stability in domestic gold and coin markets was unheard-of over the past 35 years, said Mohammad Keshti Aray, president of Gold and Jewelry Union, who attributed the stability partly to summer holidays and Ukraine ceasefire. He anticipated that the market will pick up after September.
Indian and Chinese fall festivals will affect the gold market, said Keshti Aray. However, he rejected the possibility of a so-called bubble in gold market, like what the market saw in 2011 and 2012 – when the prices of gold coins increased by more than 75 percent.
