Financial Tribune - The Iranian National Tax Administration announced tax brackets on buyers of gold coins in the last fiscal year (March 2019-20). As per an INTA bylaw outlining details of the gold tax, all those who bought up to 185 gold coins are eligible for fixed taxes. Different rules govern buyers of higher number of coins, ISNA reported....

Financial Tribune - Gold coin prices faltered on Tuesday in the domestic market after reaching to the all-time high a session earlier. Emami gold coin, which hit a historic high of 112.4 million rials on Monday, lost close to 2%, or 2 million rials on Tuesday to be priced at 110.4 million rials. Bahar Azadi gold coin was unchanged at 106 million ...

Financial Tribune - The price of Emami gold coin fell by 2.2% on Saturday in Tehran after posting a near permanent increase for weeks. According to the Tehran Gold and Jewelry Union website, the coin was sold at 72.73 million rials on the first day of the week, indicating 1.63 million rials, or 2.2%, decline compared to Monday's close. Bahar ...

Financial Tribune - Gold in the domestic market is being traded at all-time highs with analysts warning about bubbles in the price of the precious metal. Emami gold surged more than 2.5% Saturday and was traded at all-time high of 68.5 million rials ($422) in Tehran, according to market data published on the Tehran Gold and Jewelry Union website....

Financial Tribune - Gold and currency prices fell in domestic market at the start of the week on Saturday as Tehran market began responding to de-escalation of political and military tensions in the region. The US dollar, which changed hands as high as 138,000 rials last week, retreated back to the supportive level of 130,000 rials, down 1.2% compared ...

Financial Tribune - Bahar Azadi and Emami gold coin prices were higher 2% on Tuesday, extending their growth in the past few weeks. Emami coin was sold for at 46.81 million rials according to Tehran Gold and Jewelry Union's website, up 2% compared with Monday's close. The benchmark Bahar Azadi gold coin was priced 46.76 million rials -- 2.09% ...

Financial Tribune - Currency rates and gold coin prices dropped in Tehrans market last week. Tehran Gold and Jewelry Union data show the Bahar Azadi Gold Coin was priced at 39.6 million rials at the beginning of the week. Down 3%, it was sold for 38.4 million rials on Thursday's close, the lowest in the past ten months. The USD was worth 111,...

Financial Tribune - The benchmark Bahar Azadi Gold Coin that traded at 52.50 million rials ($375) in Tehran during the week, lost more than 7% by Thursday's market close and fetched 48.40 million rials ($345), according to the head of Irans Specialized Gold and Jewelry Commission at the Iran Chamber of Guilds. The price of half and quarter coins ...

Financial Tribune - Despite an uptick in gold prices in international markets on Monday, the yellow metal stayed almost unchanged in Tehran due largely to falling currency rates. The benchmark Bahar Azadi coin fetched 38.4 million rials ($350) on Monday, according to the Tehran Gold and Jewelry Union website. Global gold prices rose Monday as ...

Financial Tribune - The currency market in Tehran stabilized further on Sunday with the USD exchange rate dropping below the support level of 14,000 rials. The greenback was traded for 138,000 rials on the open market to post the fourth straight decline. The Euro changed hands for 160,000 rials -- down from 162,400 at the outset of trade. The benchmark ...

Financial Tribune - The Central Bank of Iran said on Saturday it has fulfilled its commitment of delivering the gold coins purchased by people during the presale scheme in the past few months. According to a statement published on CBI's official website, a total of about 7.6 million gold coins were offered to applicants in the presale scheme, of ...

Financial Tribune - Tehran Prosecutor Abbas Jafari Dolatabadi said investigators in a high-profile probe to crack down on suspected fraud in the gold coin market have traced the means to fund the 30 largest coin purchases to six banks. Our findings show the bulk of the funds came from public and private banks The source of funds used by the 30 ...

Financial Tribune- Close to six million gold coins are to enter the market by the time the current Iranian year ends in March 2019 and this is expected to deflate the bubble in gold prices, which was formed ahead of the US decision on Irans nuclear deal, according to the spokesman of the Central Bank of Iran. Collectively, about 7.65 million Bahar ...