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Iran's Bahar Azadi gold coin price continues to fall

Finance Materials 17 January 2021 00:10
Iran's Bahar Azadi gold coin price continues to fall

BAKU, Azerbaijan, Jan. 17

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 102 million rials (about $2,423) on January 16, Trend reports citing IRNA.

As reported, on January 14, the coin was sold for 107 million rials (about $2,547).

The previous edition of the coin was sold for 101 million rials (about $2,404) on January 16.

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 56 million rials (about $1,303), while the 1/4 coin is sold for 36 million rials (about $857).

The price of one gram of 18-karat gold stood at 10 million rials (about $240) on January 16.

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.

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