...

Iran's Bahar Azadi gold coins slump in price

Iran Materials 13 July 2024 18:41 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
Read more

BAKU, Azerbaijan, July 13. The new edition of Iran's Bahar Azadi gold coin was sold for 400 million rials (approximately $1,020) on July 13, decreasing from 401 million rials (about $1,022) on July 11, the Iran Jewellery Association's web portal said, Trend reports.

Meanwhile, the prior edition of the coin was sold for 369 million rials (about $941).

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 226 million rials (about $575), and a 1/4 gold coin was sold for 146 million rials (about $371).

The price of one gram of 18-karat gold stood at 33.9 million rials (about $86.4).

To note, the coins showed up in Iran following the Islamic Revolution's victory in 1979. The Central Bank of Iran made a move and issued the coins, putting them up for grabs for both wholesale and retail sales.

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

Stay up-to-date with more news on Trend News Agency's WhatsApp channel

Tags:
Latest

Latest