EghtesadOnline: The Central Bank of Iran expects gold coin prices to approach their real levels in the next few weeks, the director of CBI’s Office for Banknote Issuance said.
EghtesadOnline: Bahar Azadi gold coin gained 0.63% on Sunday ahead of a presale by the Central Bank of Iran scheduled on Tuesday.
EghteadOnline: The Central Bank of Iran’s announcement on Friday that people will be able to purchase gold coins in a no-cap countrywide presale from Feb. 4 seems to have had a serious impact on the market, as prices plunged on Saturday.
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: On November 22, 2017, every single Emami gold coin was traded at a price of one million and 450 thousand and 600 tomans, which reduced to a million and 437 thousand tomans in early February.
EghtesadOnline: After 10 auctions were held by Bank Melli Iran’s Bank Kargoshaee for deflating the bubble in gold coin prices, demand for the precious metal seems to be cooling.
EghtesadOnline: In order to contain the recent rise in gold coin prices and their unprecedented rally, the Central Bank of Iran held auctions on Nov. 25 to dampen the gold fervor but the move has failed to achieve the desired results so far.
EghtesadOnline: Gold coin prices recorded multiple rallies in the past month to reach their highest value in Tehran’s market on Monday.
EghtesadOnline: Gold coin prices continued their weeklong surge to reach their four-year high in Tehran’s market on Wednesday.
EghtesadOnline: Gold coin prices registered consecutive growths during the past week to reach their four-year high in Tehran’s market on Saturday.