EghtesadOnline: Iran's gold demand more than tripled in the first quarter of 2018 while Saudi Arabia's dropped 15%, data released by the World Gold Council show.
EghteadOnline: Iran's gold jewelry demand in 2017 reached 45.4 tons, which was up 12% for the year and the most since 2013, data released by the World Gold Council show.
EghtesadOnline: The US dollar made new gains against the rial on Wednesday, but stopped short of crossing another psychological barrier.
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: Tehran's gold coin and currency markets heated up on Monday, with volatility showing no signs of abating and roiling the markets since a couple of weeks ago.
EghtesadOnline: Experiencing rather uneventful days, both the currency and gold markets registered small rallies on Tuesday to nullify (for the time being) promises made by the government and the Central Bank of Iran that the gold coin price and the US dollar’s exchange rate will moderate in the coming days.
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: After gold coin’s continued rally in the past month, which pushed its value to the highest level in nearly six years in Tehran’s market on Monday, the yellow metal’s surge lost momentum over the coming days and recorded two significant drops consecutively on Wednesday and Thursday.
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.