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Iran’s Bahar Azadi gold coin price dips

Finance Materials 15 March 2022 17:56 (UTC +04:00)
Iran’s Bahar Azadi gold coin price dips
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 15

Trend:

The new edition of Iran's Bahar Azadi gold coin was sold for about 124 million rials (about $2,952) on March 15, Trend reports citing the Iran Jewellery Association’s official website.

As reported, on March 14, the coin was sold for about 125 million rials (about $2,978).

The previous edition of the coin was sold for about 122 million rials (about $2,892) on March 15.

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 72.5 million rials (about $1,726), while the 1/4 coin is sold for 41 million rials (about $976).

The price of one gram of 18-karat gold stood at 12.3 million rials (about $292) on March 15.

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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