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Weekly performance of Iranian gold & currency markets

Business Materials 3 November 2017 20:45 (UTC +04:00)

Baku, Azerbaijan, Nov. 3

By Khalid Kazimov – Trend:

The price of one gram of the 18-karat gold inched up by 0.04 percent over the last Iranian week to stand at 1,241,820 rials (about $30.7) on the weekend.

In the meantime, the price of Bahar-e Azadi (Spring of Liberty) gold coin has edged up by 0.08 percent.

The data available on the website of the Tehran Gold and Jewelry Union shows that the gold coin was traded at 12,780,000 rials ($316.09 according to the currency rate in free market on the same day) in the beginning of the Iranian week on Saturday.

However, Bahar-e Azadi was valued at 12,790,000 rials ($316.349) in the end of the Iranian week on Thursday.

Meanwhile, the value of the US dollar against Iranian rial in the free market increased by 0.31 percent to post 40,430 rials on Thursday. The Central Bank of Iran (CBI) put the official rate of the US dollar at 34,950 rials on Thursday, an increase of 0.46 percent compared to Saturday.

According to the country’s real-time data sharing system, SANA, euro lost 0.02 percent to rest at 47,549 rials on the weekend. The official rate of euro increased by 0.86 percent to stand at 40,737 rials.

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