Gold coin prices stable amid virus restrictions

Financial Tribune – Gold and gold coin prices were relatively stable on Tuesday in Tehran’s market, where gold and jewelry stores are still barred from opening due to government restrictions on businesses to curb the spread of the coronavirus.

According to Tehran Gold and Jewelry Union’s website, the price of Emami Gold Coin declined 0.1% and was worth 65 million rials ($406) on Tuesday. The coin ended Monday trade at 65.03 million rials. Likewise, 18-karat gold was worth 6.4 million rials per gram — a subtle 0.04% increase compared to Monday’s close.

The stability in prices comes after two months of persistent increase, during which the Emami gold coin price increased from 57 million rials to 65 million rials.