Bahar Azadi gold coin price falls in Iran
BAKU, Azerbaijan, August 12
By Elnur Baghishov – Trend:
The new edition of Iran's Bahar Azadi gold coin was sold for 104 million rials (about $2,476) on August 12, Trend reports citing IRNA.
However, on August 11, the coin was sold for 110 million rials (about $2,619).
The previous edition of the coin was sold for 101 million rials (about $2,404) on August 12.
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 52.8 million rials (about $1,257), while the 1/4 coin is sold for 30 million rials (about $714).
The price of one gram of 18-karat gold stood at 10.15 million rials (about $241) on August 12.
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.