Azerbaijan, Baku, Nov.5/ Trend F.Milad/
The price of gold in Iranian market is not falling, thus far remaining at a stable level, Iran's head of Gold and Jewelry Sellers and Manufacturers Union Mohammad Kashtiaray said on Monday.
The gold prices in global markets have decreased by 4.5 percent but due to the high demand in Iranian market the prices will not fall, the ISNA quoted Kashtiaray as saying.
Kashtiaray went on to note that Iran currently is the world's 54th largest producer of gold.
Iran plans to boost its annual gold output up to 5 tons.
Iran announced in April the discovery of three new gold mines with 16 tons of proven net gold reserves, increasing the country's gold reserves to 320 tons, Fars news reported.
The new gold mines have been found in Saqqez city in Kurdistan province in Western Iran, said Deputy Head of Iran's Geology Organization for Exploration Affairs Behrouz Borna, Fars reported.
The gold mine in the city of Takab in the West Azarbaijan province (Iran's largest Gold mine until 2012) has over 4 tons of proven gold reserves and 5.81 grams of gold can be netted from each ton of gold ore extracted from the mine.
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