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Iran's Bahar Azadi gold coin price falls

Finance Materials 27 July 2020 17:39
Iran's Bahar Azadi gold coin price falls

BAKU, Azerbaijan, July 27

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 112.7 million rials (about $2,683) today on July 27, Trend reports citing IRNA.

However, yesterday on July 26, the coin was sold for 112.8 million rials (about $2,685).

The previous edition of the coin was sold for 106 million rials (about $2,523) on July 27.

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 55.5 million rials (about $1,321), while the 1/4 coin is sold for 33 million rials (about $785).

The price of one gram of 18-karat gold stood at 10.52 million rials (about $250) on July 27.

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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