Price of Iran's Bahar Azadi gold coin surges

Finance Materials 26 March 2023 17:51 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 26. The new edition of Iran's Bahar Azadi gold coin was sold for over 310 million rials (about $7,380), on March 26, Trend reports citing the Iran Jewellery Association’s official website.

On March 25, the coin was sold for 298 million rials (about $7,096).

The previous edition of the coin was sold for 283 million rials (about $6,738), on March 26.

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 185 million rials (about $4,404), while the 1/4 coin is sold for 111 million rials (about $2,642).

The price of one gram of 18-karat gold stood at 25.6 million rials (about $609), on March 26.

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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