EghtesadOnline: The price of Emami gold coin rallied to an all-time high of 80 million rials ($410) on Sunday to post a 2.55% increase compared to Saturday's close. Forex rates also continued their mad dash.
EghtesadOnline: The US dollar added another 2,500 rials on Thursday in Tehran's free market to close trade at 187,500 rials -- the highest closing price ever.
EghtesadOnline: The price of Emami gold coin fell by 2.2% on Saturday in Tehran after posting a near permanent increase for weeks.
EghtesadOnline: The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and 194,000 rials in Tehran's open market.
EghtesadOnline: Price of the US dollar passed over 170,000 rials in Tehran on Tuesday, hitting a 20-month high. Emami gold coin also recorded an all-time high on Tuesday climbing to an unseen 70.087 million rials.
EghtesadOnline: A review of the performance of financial markets in the 2019-20 fiscal shows investment in the currency and gold market yielded the lowest returns, and the stock market delivered the highest profits.
EghtesadOnline: If anyone is benefiting from the coronavirus pandemic, it’s gold investors. Gold prices have soared over the last several months, with the metal up 13.74% year-to-date compared with a 12% decline in the S&P 500. Some analysts believe the price could hit $3,000 in as little as 18 months.
EghtesadOnline: Iran’s gold market will reopen on Monday following a month-long hiatus due to restrictions ordered by the government on almost all businesses to impede spread of the coronavirus.
EghtesadOnline: Around 8.5 million tons of gold were extracted from Iranian mines during the last fiscal year that ended on March 19, 2020, according to the head of Iran's Mine House.
EghtesadOnline: Spike in foreign currency rates gained momentum on Monday after an average 3% climb a day earlier.