Azerbaijan, Baku, May 22/Trend M. Moezzi
The value for one ounce of gold has dropped to $1,577 on world markets today, pulling with it the price of gold coins in Iran.
A new design gold coin cost $514 today while old design coins were sold for $526, down $15 from yesterday, Mehr news agency reports.
The Central Bank of Iran mints and sells the gold coins.
One gram of 18 karat gold was valued at $53, down slightly from yesterday.
The dollar's free market price remained unchanged today at 16,600 rials. Although that price is still higher than the government-set rate of 12,260 rials, it marks a decline from the 20,000 rial to the dollar rate at the start of the year.