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Bahar Azadi gold coin price in Iran dips

Finance Materials 25 November 2021 14:46 (UTC +04:00)
Bahar Azadi gold coin price in Iran dips

BAKU, Azerbaijan, Nov. 25

By Elnur Baghishov – Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for about 125 million rials (about $2,978) on November 25, Trend reports citing the Iran Jewellery Association’s official website.

As reported, on November 24, the coin was sold for about 126 million rials (about $3,000).

The previous edition of the coin was sold for 123 million rials (about $2,928) on November 25.

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 36.8 million rials (about $876).

The price of one gram of 18-karat gold stood at 12.5 million rials (about $297) on November 25.

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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