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Iran’s Bahar Azadi gold coin price rebounds

Finance Materials 31 July 2021 17:40 (UTC +04:00)
Iran’s Bahar Azadi gold coin price rebounds

BAKU, Azerbaijan, July 31

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 114 million rials (about $2,711) on July 31, Trend reports citing the Iran Jewellery Association’s official website.

As reported, on July 28, the coin was sold for 111 million rials (about $2,650).

The previous edition of the coin was sold for 110 million rials (about $2,619) on July 31.

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 59 million rials (about $1,404), while the 1/4 coin is sold for 37 million rials (about $881).

The price of one gram of 18-karat gold stood at 11.1 million rials (about $264) on July 31.

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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