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Iran's Bahar Azadi gold coin price rebounds

Finance Materials 16 January 2023 18:03 (UTC +04:00)
Iran's Bahar Azadi gold coin price rebounds
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, January 16. The new edition of Iran's Bahar Azadi gold coin was sold for 213 million rials (about $5,071), on January 16, Trend reports citing the Iran Jewellery Association’s official website.

On January 15, the coin was sold for over 211 million rials (about $5,023).

The previous edition of the coin was sold for 201 million rials (about $4,785), on January 16.

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 123 million rials (about $2,928), while the 1/4 coin is sold for 79 million rials (about $1,880).

The price of one gram of 18-karat gold stood at 19.3 million rials (about $458), on January 16.

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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