3 million gold futures contracts signed in Iran
Azerbaijan, Baku, July 14/Trend M. Moezzi
Around 98,554 contracts for futures trading of gold coins were signed at Iran's Mercantile Exchange in the first week of July.
That brings the total number of futures contracts for gold coins to nearly three million, the Iranian Students' News Agency (ISNA) reports.
The contracts signed in the first week of July were worth $6.5 million.
Futures were first introduced to Iran's Mercantile Exchange in 2008.
Gold coin futures have been very popular since they were introduced. In 2009, more than $114,000 in futures were sold.
By 2011, higher gold coin prices and 2.2 million futures contracts meant more than $12 billion in sales.