Iran: Gold and forex rise, stocks fall

Financial Tribune – Foreign exchange rates and gold began the week in a bullish mood as the two surged on Saturday in Tehran market.

The US dollar broke the psychological level of 120,000 rials and was traded for 121,000 rials in the afternoon. Bahar gold coin also gained over 1.5% and changed hands for 43 million rials ($360).

The stock market, however, lost slightly with the Tehran Stock Exchange main index, TEDPIX, shedding 196.96 points or 0.13% at Saturday’s session.