Bahar Azadi gold coin price continues to rise in Iran

Finance Materials 17 August 2021 16:05 (UTC +04:00)

BAKU, Azerbaijan, Aug. 17

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for 120 million rials (about $2,857) on August 17, the Secretary of Iran Jewellery Association Nader Bazrafshan told IRIB, Trend reports.

Bazrafshan said that while on August 15, the coin was sold for 119 million rials (about $2,840).

The secretary added that the previous edition of the coin was sold for 112 million rials (about $2,666) on August 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 61 million rials (about $1,452), while the 1/4 coin is sold for 38 million rials (about $904),” he noted.

According to Bazrafshan, the price of one gram of 18-karat gold stood at 11.1 million rials (about $265) on August 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.


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