Gold Coin Prices Slide
EghtesadOnline: Gold coin prices dropped in Tehran market on Tuesday as the Central Bank of Iran launched the initial public offer for Bahar Azadi gold coin bonds at the Iran Mercantile Exchange (IME).
Bahar Azadi gold coin lost nearly 4% or 6 million rials on Tuesday and was quoted at 151.06 million rials. The benchmark coin jumped more than 8.2% last week, reaching an all-time high of 157.09 million rails on Monday, Eghtesadnews website reported.
The Emami gold coin was tagged at 159.67 million rials, down almost 3% on the day before. Half Bahar Azadi coin lost 1.13% or 1 million rials to buy 88.5 million rials while the Quarter Bahar Azadi coin was down 1.71% at 58.5 million rials.