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Iran's Bahar Azadi gold coin price drops

Finance Materials 20 August 2023 18:26 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, August 20. The new edition of Iran's Bahar Azadi gold coin was sold for approximately 277 million rials (about $6,583) on August 20, Trend reports.

On August 19, the coin was sold for 278 million rials (about $6,619).

The previous edition of the coin was sold for approximately 248 million rials (about $5,892) on August 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 147 million rials (about $3,500), while the 1/4 coin is sold for 97.5 million rials (about $2,321).

The price of one gram of 18-karat gold stood at 22.9 million rials (about $544) on August 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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