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Iran’s Bahar Azadi gold coin price picking up

Finance Materials 31 August 2022 17:41 (UTC +04:00)
Iran’s Bahar Azadi gold coin price picking up
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, August 31. The new edition of Iran's Bahar Azadi gold coin was sold for about 137 million rials (about $3,261) on August 31, Trend reports citing the Iran Jewellery Association’s official website.

On August 30, the coin was sold for about 137 million rials (about $3,250).

The previous edition of the coin was sold for about 132 million rials (about $3,142) on August 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 79 million rials (about $1,880), while the 1/4 coin is sold for 49.5 million rials (about $1,178).

The price of one gram of 18-karat gold stood at about 12.7 million rials (about $302) on August 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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