EghtesadOnline: Sari Guni gold mine is Iran’s biggest producer of the precious metal with proven reserves of 41 million tons of 24.1-carat gold and an annual output of 5 tons, according to a local official in the western Kurdestan Province where the mine is located.
EghtesadOnline: The Central Bank of Iran has launched the initial public offer for Bahar Azadi Gold Coin Bonds at the Iran Mercantile Exchange (IME).
EghtesadOnline: Forex and gold prices increased again in Tehran’s free market on Monday amid renewed diplomatic efforts to revive the landmark Iran nuclear deal.
EghtesadOnline: After a brief rally in the session before, foreign exchange rates retreated on Wednesday in Tehran’s unofficial market.
EghtesadOnline: After a short-lived rally a session earlier, currency prices paused Monday dragging down prices in the domestic bullion market.
EghtesadOnline: The Iranian National Tax Administration in a notice announced that new value added tax (VAT) on trade in gold and other precious metals will be applicable from Monday.
EghtesadOnline: Forex and gold prices saw meager growth on Monday except for the Turkish lira that posted another significant drop during the day.
EghtesadOnline: Foreign currencies Monday continued on the descending order that started on Saturday, paring more past gains.
EghtesadOnline: Foreign currency and gold prices retreated from the recent highs on Sunday following some positive reports, particularly those related to reviving Iran’s nuclear deal.
EghtesaOnline: New regulations governing value added tax on gold trade will come into effect in January, the vice president of the Tehran Gold and Jewelry Union said.