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Iran's Bahar Azadi gold coin price declines

Iran Materials 20 August 2024 17:55 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, August 20. The new edition of Iran's Bahar Azadi gold coin was sold for 422 million rials (approximately $1,029) on August 20, decreasing from 424 million rials (roughly $1,041) on August 19, the Iran Jewellery Association's web portal said, Trend reports.

Meanwhile, the prior edition of the coin was sold for around 374 million rials (about $911).

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 230 million rials (about $560), and a 1/4 gold coin was sold for 150 million rials (about $366).

The price of one gram of 18-karat gold stood at 35.4 million rials (about $86.5).

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.

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