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Iran's Bahar Azadi gold coin price rising

Finance Materials 12 March 2023 18:28 (UTC +04:00)
Iran's Bahar Azadi gold coin price rising
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 12. The new edition of Iran's Bahar Azadi gold coin was sold for approximately 252 million rials (about $5,988), on March 12, Trend reports citing the Iran Jewellery Association’s official website.

On March 11, the coin was sold for 236 million rials (about $5,619).

The previous edition of the coin was sold for 225 million rials (about $5,357), on March 12.

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 91 million rials (about $2,166).

The price of one gram of 18-karat gold stood at 20.7 million rials (about $493), on March 12.

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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