Iran earns $26 bln buying gold

Business 5 September 2011 14:53 (UTC+04:00)

Azerbaijan , Baku, Sept. 5 /Trend/

Despite the recent global economic crisis, Iran's gold reserves have hit a new record, the IRIB reported quoting Central Bank of Iran (CBI) Governor Mahmoud Bahmani as saying.

Bahmani said the CBI has bought gold worth $13 billion.

Bahmani added that Iran bought the gold at $656 per ounce and it is now worth $1870 per ounce.

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