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Iran's Bahar Azadi gold coin price drops

Finance Materials 28 February 2023 17:54 (UTC +04:00)
Iran's Bahar Azadi gold coin price drops
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, February 28. The new edition of Iran's Bahar Azadi gold coin was sold for 310 million rials (about $7,380), on February 28, Trend reports citing the Iran Jewellery Association’s official website.

On February 27, the coin was sold for 324 million rials (about $7,714).

The previous edition of the coin was sold for 280 million rials (about $6,666), on February 28.

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 170 million rials (about $4,047), while the 1/4 coin is sold for 112 million rials (about $2,666).

The price of one gram of 18-karat gold stood at 25.9 million rials (about $617), on February 28.

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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