Bahar Azadi gold coin price rises in Iran

Business Materials 20 June 2020 20:09 (UTC +04:00)
Bahar Azadi gold coin price rises in Iran

BAKU, Azerbaijan, June 20

By Elnur Baghishov –Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 80 million rials (about $1,904) on June 20, Trend reports citing IRNA.

On June 18, the coin was sold for 77.9 million rials (about $1,854).

Meanwhile, the previous edition of the coin was sold for 77.5 million rials (about $1,841) on June 20.

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 40 million rials (about $952), while the 1/4 coin is sold for 22 million rials (about $523).

The price of one gram of 18-karat gold was 7.8 million rials (about $ 185) and the price of each mithqal of gold was 33.8 million rials (about $804).

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.