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Iran's Bahar Azadi gold coin price up

Finance Materials 14 December 2023 14:41 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 14. The new edition of Iran's Bahar Azadi gold coin was sold for 295 million rials (about $7,023) on December 14, Trend reports.

On December 13, the coin was sold for approximately 292 million rials (about $6,940).

The previous edition of the coin was sold for 261 million rials (about $6,214) on December 14.

The other versions of the new Bahar Azadi gold coin (different in weight and with pure gold content) include 1/4 Bahar Azadi gold coins and 1/2 Bahar Azadi gold coins.

The 1/2 coin is worth about 155 million rials (about $3,678), while the 1/4 coin is sold for about 105 million rials (about $2,488).

The price of one gram of 18-karat gold stood at 24.8 million rials (about $591) on December 14.

The coins appeared in Iran following the victory of the Islamic Revolution in 1979. The Central Bank of Iran issued the coins, putting them up for wholesale and retail sales.

The old gold coins were minted from 1979 to 1991, after which the bank released new ones.

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