Baku, Azerbaijan, Aug 4
By Khalid Kazimov – Trend:
Iran Mercantile Exchange (IME) saw trading 21,290 gold coin futures contracts valued at $82.35 million on the week's last trading day on Wednesday.
The number of gold coin futures contracts traded on August 3 surged by 109 percent, compared to the first trade day of the current month, Iran’s Securities and Exchange News Agency reported.
According to the report, the prices of gold coins at the IME increased over the last day as per coin with the maturity date set for late August was traded at $365.2 (11,320,000 rials converted to dollar according to official rate on August 4).
Gold hit a high of $1,367 a troy ounce earlier this week. Many experts suggested that the performance of the gold at the global market came amid worries about the health of the global economy and continued concerns about the value of paper currencies in the world.
...
