Iran’s Bahar Azadi gold coin price begins to pick up

Finance Materials 31 July 2022 17:45 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, July 31. The new edition of Iran's Bahar Azadi gold coin was sold for about 150 million rials (about $3,563) on July 31, Trend reports citing the Iran Jewellery Association’s official website.

On July 30, the coin was sold for about 148 million rials (about $3,523).

The previous edition of the coin was sold for about 142 million rials (about $3,385) 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 82.5 million rials (about $1,964), while the 1/4 coin is sold for 52.5 million rials (about $1,250).

The price of one gram of 18-karat gold stood at about 13.7 million rials (about $326) 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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