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Iran's Bahar Azadi gold coin collapses in price

Iran Materials 21 May 2024 17:53 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, May 21. The new edition of Iran's Bahar Azadi gold coin was sold for 403 million rials (about $9,595) on May 21, decreasing from 404 million rials (about $9,619) on May 20, the Iran Jewellery Association's web portal said, Trend reports.

Meanwhile, the prior edition of the coin was sold for 370 million rials (about $8,809).

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

A 1/2 gold coin was sold for about 230 million rials (about $5,476), and a 1/4 gold coin was sold for about 148 million rials (about $3,523).

The price of one gram of 18-karat gold stood at 33.7 million rials (about $803).

To note, the coins appeared in Iran following the Islamic Revolution's victory in 1979. The Central Bank of Iran issued the coins, making them available for wholesale and retail sales.

The bank minted the old gold coins between 1979 and 1991 before issuing new ones.

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