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Price of Iran's Bahar Azadi gold coin dips

Finance Materials 17 September 2023 18:24 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, September 17. The new edition of Iran's Bahar Azadi gold coin was sold for 280 million rials (about $6,666) on September 17, Trend reports.

On September 14, the coin was sold for approximately 283 million rials (about $6,726).

The previous edition of the coin was sold for 253 million rials (about $6,023) on September 17.

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 152 million rials (about $3,619), while the 1/4 coin is sold for approximately 103 million rials (about $2,440).

The price of one gram of 18-karat gold stood at 23.4 million rials (about $558) on September 17.

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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