Bahar Azadi gold coin price continues to rise in Iran

Finance Materials 28 June 2020 17:28 (UTC +04:00)

BAKU, Azerbaijan, June 28

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 87.08 million rials (about $2,073) on June 28, Trend reports citing IRNA.

However on June 27, the coin was sold for 85.5 million rials (about $2,035).

The previous edition of the coin was sold for 84.5 million rials (about $2,011) on June 28.

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 44.3 million rials (about $1,054), while the 1/4 coin is sold for 24.5 million rials (about $583).

The price of one gram of 18-karat gold stood at 8.55 million rials (about $203) on June 28.

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.