Iran's Bahar Azadi gold coin price surges

Finance Materials 19 February 2023 18:19 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, February 19. The new edition of Iran's Bahar Azadi gold coin was sold for 288 million rials (about $6,857), on February 19, Trend reports citing the Iran Jewellery Association’s official website.

On February 18, the coin was sold for 272 million rials (about $6,476).

The previous edition of the coin was sold for 268 million rials (about $6,380), on February 19.

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 154 million rials (about $3,666), while the 1/4 coin is sold for 103 million rials (about $2,452).

The price of one gram of 18-karat gold stood at 22.5 million rials (about $536), on February 19.

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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