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Bahar Azadi gold coin price continues to fall in Iran

Finance Materials 21 February 2021 18:43
Bahar Azadi gold coin price continues to fall in Iran

BAKU, Azerbaijan, Feb. 21

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 113 million rials (about $2,700) on February 21, Trend reports citing the IRIB.

As reported, on February 20, the coin was sold for 114 million rials (about $2,721) on February 20.

The previous edition of the coin was sold for 109 million rials (about $2,595) on February 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 65 million rials (about $1,547), while the 1/4 coin is sold for 42 million rials (about $1,000).

The price of one gram of 18-karat gold stood at 11 million rials (about $262) on February 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.

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