BAKU, Azerbaijan, May 17
By Elnur Baghishov – Trend:
The new edition of Iran's Bahar Azadi gold coin was sold for 101 million rials (about $2,400) on May 17, Trend reports citing the Iran Jewellery Association’s official website.
As reported, on May 16, the coin was sold for 102 million rials (about $2,435).
The previous edition of the coin was sold for 99.5 million rials (about $2,369) on May 17.
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 58 million rials (about $1,380), while the 1/4 coin is sold for 38.5 million rials (about $916).
The price of one gram of 18-karat gold stood at 10 million rials (about $239) on May 17.
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.