EghtesadOnline: Bahar Azadi gold coin continued its upward trend to gain 800,000 rials ($19) over the four-day period ending Thursday, to close the week at 22.5 million rials.
EghtesadOnline: The presale of Bahar Azadi gold coins priced at 14 million rials ($311) and 13 million rials ($288) respectively with maturity periods of six months and one year began on Saturday at Bank Melli Iran, as per the directive of the Central Bank of Iran.
EghtesadOnline: Bahar Azadi gold coin gained 0.63% on Sunday ahead of a presale by the Central Bank of Iran scheduled on Tuesday.
EghtesadOnline: A decline in foreign exchange rates and diminished demand has caused a drop of about 700,000 rials ($16.2) in the price of Bahar Azadi gold coin, meaning that gold coin prices have “balanced” and the bubble that had formed is no more, the head of Tehran’s Gold and Jewelry Union said.
EghtesadOnline: The recent 200,000-rial ($4.66) increase in the rate of Bahar Azadi gold coin and the 30,000-rial ($7) rise in gold prices have followed the $28 hike for each ounce of gold in the world market, the head of Tehran’s Gold and Jewelry Union said.
EghtesadOnline: Bahar Azadi gold coin surged on Tuesday after days of calm to hit 14.03 million rials ($335), according to Tehran Gold and Jewelry Union’s website.