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Iran's Bahar Azadi gold coin price rising

Finance Materials 29 March 2023 17:56 (UTC +04:00)
Iran's Bahar Azadi gold coin price rising
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 29. The new edition of Iran's Bahar Azadi gold coin was sold for 322 million rials (about $7,666), on March 29, Trend reports citing the Iran Jewellery Association’s official website.

On March 28, the coin was sold for 317 million rials (about $7,547).

The previous edition of the coin was sold for 296 million rials (about $7,047), on March 29.

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 195 million rials (about $4,642), while the 1/4 coin is sold for 117 million rials (about $2,785).

The price of one gram of 18-karat gold stood at approximately 26.7 million rials (about $636), on March 29.

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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