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Iran's Bahar Azadi gold coin price surges

Finance Materials 15 March 2023 17:53 (UTC +04:00)
Iran's Bahar Azadi gold coin price surges
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 15. The new edition of Iran's Bahar Azadi gold coin was sold for 293 million rials (about $6,976), on March 15, Trend reports citing the Iran Jewellery Association’s official website.

On March 14, the coin was sold for 272 million rials (about $6,476).

The previous edition of the coin was sold for 265 million rials (about $6,309), on March 15.

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 175 million rials (about $4,166), while the 1/4 coin is sold for 105 million rials (about $2,500).

The price of one gram of 18-karat gold stood at 23.3 million rials (about $555), on March 15.

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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