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Iran's Bahar Azadi gold coin price picks up

Finance Materials 20 June 2023 18:41 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, June 20. The new edition of Iran's Bahar Azadi gold coin was sold for 286 million rials (about $6,809), on June 20, Trend reports.

On June 19, the coin was sold for 284 million rials (about $6,761).

The previous edition of the coin was sold for 252 million rials (about $6,000), on June 20.

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 156 million rials (about $3,714), while the 1/4 coin is sold for 106 million rials (about $2,523).

The price of one gram of 18-karat gold stood at 23.4 million rials (about $557), on June 20.

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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