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Price of Iran's Bahar Azadi gold coin goes up

Business Materials 12 March 2024 18:24 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 12. The new edition of Iran's Bahar Azadi gold coin was sold for approximately 367 million rials (about $8,726) on March 12, Trend reports.

On March 11, the coin was sold for approximately 366 million rials (about $8,714), while the prior edition of the coin was sold for 347 million rials (about $8,261).

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.

A 1/2 gold coin was sold for about 210 million rials (about $5000), and a 1/4 gold coin was sold for about 135 million rials (about $3,202).

The price of one gram of 18-karat gold stood at 30.8 million rials (about $733).

To note, the coins appeared in Iran following the victory of the Islamic Revolution in 1979. The Central Bank of Iran issued the coins, making them available for wholesale and retail sales.

The old gold coins were minted between 1979 and 1991, following which the bank issued new ones.

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