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Iran’s Bahar Azadi gold coin price continues to rise

Finance Materials 8 December 2022 14:51 (UTC +04:00)
Iran’s Bahar Azadi gold coin price continues to rise
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 8. The new edition of Iran's Bahar Azadi gold coin was sold for 175 million rials (about $4,166), on December 8, Trend reports citing the Iran Jewellery Association’s official website.

On December 7, the coin was sold for about 175 million rials (about $4,154).

The previous edition of the coin was sold for 169 million rials (about $4,023), on December 8.

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 100 million rials (about $2,380), while the 1/4 coin is sold for 71.5 million rials (about $1,702).

The price of one gram of 18-karat gold stood at 15.9 million rials (about $378), on December 8.

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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