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Iran’s Bahar Azadi gold coin prices skyrocket

Finance Materials 30 June 2022 14:50 (UTC +04:00)
Iran’s Bahar Azadi gold coin prices skyrocket
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, June 30. The new edition of Iran's Bahar Azadi gold coin was sold for about 154 million rials (about $3,666) on June 30, Trend reports citing the Iran Jewellery Association’s official website.

On June 29, the coin was sold for about 146 million rials (about $3,476).

The previous edition of the coin was sold for about 145 million rials (about $3,476) on June 30.

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 83.5 million rials (about $1,988), while the 1/4 coin is sold for 53 million rials (about $1,261).

The price of one gram of 18-karat gold stood at 14.3 million rials (about $342) on June 30.

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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