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Iran’s Bahar Azadi gold coin price continues to fall

Finance Materials 24 May 2023 17:52 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, May 24. The new edition of Iran's Bahar Azadi gold coin was sold for 319 million rials (about $7,595), on May 24, Trend reports.

On May 23, the coin was sold for approximately 323 million rials (about $7,678).

The previous edition of the coin was sold for 280 million rials (about $6,666), on May 24.

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 171 million rials (about $4,071), while the 1/4 coin is sold for 113 million rials (about $2,690).

The price of one gram of 18-karat gold stood at 25.8 million rials (about $614), on May 24.

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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