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Iran's Bahar Azadi gold coin price continues to fall

Finance Materials 21 July 2020 16:43
Iran's Bahar Azadi gold coin price continues to fall

BAKU, Azerbaijan, July 21

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 102.5 million rials (about $2,440) today on July 21, Trend reports citing Mehr news agency.

However, yesterday on July 20, the coin was sold for 109 million rials (about $2,595).

The previous edition of the coin was sold for 95 million rials (about $2,261) on July 21.

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 52 million rials (about $1,238), while the 1/4 coin is sold for 32 million rials (about $761).

The price of one gram of 18-karat gold stood at 9.29 million rials (about $221) on July 21.

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 sales.

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

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