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Iran's Bahar Azadi gold coin price keeps dropping

Finance Materials 27 September 2023 18:03 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, September 27. The new edition of Iran's Bahar Azadi gold coin was sold for 272 million rials (about $6,476) on September 27, Trend reports.

On September 26, the coin was sold for approximately 275 million rials (about $6,535).

The previous edition of the coin was sold for 245 million rials (about $5,833) on September 27.

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 around 149 million rials (about $3,535), while the 1/4 coin is sold for 98.5 million rials (about $2,345).

The price of one gram of 18-karat gold stood at 22.8 million rials (about $544) on September 27.

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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