Azerbaijan, Baku, July 23/ Trend M. Moezzi
The downward trend in world prices for gold coins and the dollar has also brought down their value in Iran's markets.
Mohammad Kashtiaray, head of Iran's Syndicate of Gold and Jewellery Sellers and Manufacturers, told the Iranian Students' News Agency (ISNA) prices have dropped because transactions have become fewer with the start of the holy month of Ramadan.
Today, one old designed Bahar Azadi gold coin was valued at $570 (USD), compared to $581 yesterday. A new-designed Bahar Azadi coin cost slightly more than $566.
One ounce of gold was valued at $1,578 on the world's markets.
The dollar's exchange rate was 19,000 rials today in Iran's free market while the euro cost 23,350 rials and the British pound was at 30,000 rials.
Iran's Central Bank has set the country's official exchange rate at 12,260 rials to the dollar. The bank also mints and sells the Bahar Azadi gold coins