BAKU, Azerbaijan, February 4. The new edition of Iran's Bahar Azadi gold coin was sold for circa 646 million rials (about $1,126) on February 4, increasing from nearly 625 million rials (roughly $1,089) on February 3, the Iran Jewellery Association's web portal said, Trend reports.
To recall, on May 31, 2024, the Central Bank of Iran made the bold decision to adopt a floating foreign exchange rate system, resulting in highly unpredictable prices.
The prior edition of the coin was sold for 614 million rials (about $1,071).
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 353 million rials (about $615), and a 1/4 gold coin was sold for 189 million rials (about $329).
The price of one gram of 18-karat gold stood at 57.5 million rials (about $100).
To note, the coins showed up in Iran following the Islamic Revolution's victory in 1979. The Central Bank of Iran took action, issuing the coins for both wholesale and retail sales.
The bank minted the old gold coins between 1979 and 1991 before issuing new ones.