EghtesadOnline: After a recent pattern of decline, forex and gold prices in Tehran are rising again. The dollar, which plunged to as low as 210,000 rials last Monday, climbed to 232,000 rials on Thursday gaining 4,000 rials or 1.8% compared to the earlier session.
EghtesadOnline: Extending a rally from the previous session, foreign exchange rates in Iran regained momentum on Wednesday.
EghtesadOnline: Forex and gold prices plunged in Tehran in the past three days amid optimism about a stronger rial in the coming weeks. The dollar plunged to five-month lows on Saturday fetching 229,000 rials – down 4.5% in one day. The greenback posted 7.5% decline compared to Wednesday's close when it bought 245,000 rials.
EghtesadOnline: Reversing the course from previous sessions, gold and foreign exchange prices dropped on Monday in Tehran's market. The dollar was quoted at 248,000 rials down 1,300 rials or 0.53% compared to the day earlier.
EghtesadOnline: Foreign exchange and gold prices closed higher on Sunday in Tehran's forex market paring losses in previous sessions.
EghtesadOnline: Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels.
EghtesadOnline: Gold prices in Iran slipped on Thursday influenced more from trends in international markets than domestic forex rates.
EghtesadOnline: Foreign exchange and gold prices in Tehran saw no significant swing for the second successive day. The US dollar gained 0.38% or 1,000 rials on Sunday and bought 258,000 rials in the open market.
EghtesadOnline: Currency rates eked out gains on Monday after several dull sessions with the dollar advancing above 250,000 rials. The spike extended to gold prices though the metal has been under pressure due to decline in international markets.
EghtesadOnline: Foreign exchange and gold prices were sluggish in the preceding Iranian week and like other markets stepped back due to the new round of lockdown to curb the spread of the coronavirus.