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Iran’s Bahar Azadi gold coin price rebounds

Finance Materials 22 October 2022 17:37 (UTC +04:00)
Iran’s Bahar Azadi gold coin price rebounds
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, October 22. The new edition of Iran's Bahar Azadi gold coin was sold for 150 million rials (about $3,571), on October 22, Trend reports citing the Iran Jewellery Association’s official website.

On October 20, the coin was sold for about 149 million rials (about $3,535).

The previous edition of the coin was sold for 141 million rials (about $3,357), on October 22.

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 million rials (about $1,952), while the 1/4 coin is sold for 52 million rials (about $1,238).

The price of one gram of 18-karat gold stood at 13.5 million rials (about $321), on October 22.

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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