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Iran's Bahar Azadi gold coin price falls

Finance Materials 22 July 2020 17:22
Iran's Bahar Azadi gold coin price falls

BAKU, Azerbaijan, July 22

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 101 million rials (about $2,404) today on July 22, Trend reports citing IRNA.

However, yesterday on July 21, the coin was sold for 102.5 million rials (about $2,440).

The previous edition of the coin was sold for 94 million rials (about $2,238) on July 22.

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 51 million rials (about $1,214), while the 1/4 coin is sold for 31.2 million rials (about $742).

The price of one gram of 18-karat gold stood at 9.46 million rials (about $225) on July 22.

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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