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Iran's Bahar Azadi gold coin tumbles in price

Business Materials 15 April 2024 18:00 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, April 15. The new edition of Iran's Bahar Azadi gold coin was sold for approximately 437 million rials (about $10,404) on April 15, Trend reports.

On April 14, the coin was sold for around 452 million rials (about $10,761), while the previous version was sold for 403 million rials (about $9,595).

The two varieties of the new Bahar Azadi gold coin (varying in weight and pure gold content) are 1/4 and 1/2 Bahar Azadi gold coins.

A 1/2 gold coin was sold for about 255 million rials (about $6,071), and a 1/4 gold coin was sold for about 155 million rials (about $3,690).

The price of one gram of 18-karat gold stood at 36.8 million rials (about $877).

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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