Bahar Azadi gold coin price rises in Iran

Business Materials 16 June 2020 15:39 (UTC +04:00)

BAKU, Azerbaijan, June 16

By Elnur Baghishov –Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 77.1 million rials (about $1,835) on June 16, Trend reports citing IRNA.

On June 15, the coin was sold for 77 million rials (about $1,833).

Meanwhile, the previous edition of the coin was sold for 74 million rials (about $1,761) on May 18.

The other versions of the new Bahar Azadi gold coin (different in weight and with pure gold content) include 1/4 Bahar Azadi gold coins and 1/2 Bahar Azadi gold coins. The 1/2 coin is worth 38.1 million rials (about $907), while the 1/4 coin is sold for 20.7 million rials (about $492).

The coins appeared in Iran following the victory of the Islamic Revolution in 1979. The Central Bank of Iran issued the coins, putting them up for wholesale and retail sale.

The old gold coins were minted from 1979 to 1991, after which the bank released new ones, which have been minted ever since.