Azerbaijan, Baku, August 21 /Trend/
The volume of Iran's gold production is low therefore the price of gold in domestic market is under influence of global market, Mehr News Agency reported quoting head of coordinating council of state banks managers Mahmoud Reza Khavari as saying.
"The global financial crisis has increase tendency to purchase gold however the global market caused fluctuation in Iran's gold market," he said.
He noted the Central Bank of Iran has limited power over fluctuation of gold prices in Iran.
The National Geoscience Database of Iran reported country's gold reserves in 2002 estimated to 209 tons while Iran's gold reserves in 2004 estimated to 250 tons.
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