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Price of Iran's Bahar Azadi gold coin keeps falling

Finance Materials 11 December 2023 17:36 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, December 11. The new edition of Iran's Bahar Azadi gold coin was sold for 291 million rials (about $6,928) on December 11, Trend reports.

On December 10, the coin was sold for about 293 million rials (about $6,964).

The previous edition of the coin was sold for 258 million rials (about $6,142) on December 11.

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 about 153 million rials (about $3,630), while the 1/4 coin is sold for about 103 million rials (about $2,440).

The price of one gram of 18-karat gold stood at 24.4 million rials (about $582) on December 11.

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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