Financial Tribune - Taxing gold coins should not push up prices of the yellow metal because the tax is to be levied on wholesalers who pre-purchased coins from the Central Bank of Iran, says the president of the special gold commission at the Iran Chamber of Guilds Mohammad Kashtiaray said tax wont be levied on retail purchases, adding that it particularly ...

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 - Mohammad Kashtiaray, president of the specialized gold commission at the Iran Chamber of Guilds, says the gold coin has lost 5% compared to last week Foreign exchange rates and gold dropped in Iran as markets reopened on Saturday in an expected response to a move by European powers on Thursday to launch a special payment channel ...

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 - As stability in the foreign exchange market takes hold, gold prices are also following suit. The benchmark gold coin market dropped again on Tuesday and fetched around 33 million rial ($335), down from 34 million rials a day earlier. Tuesday's sharp fall put the coin, which turned into a popular safe haven asset during the unprecedented ...

Financial Tribune - Following the slump in currency rates in Tehran market, the gold coin has also dropped in value in recent weeks to reach the lowest point in the past four months. According to Mohammad Kashti-Aray, president of Iran's Special Commission of Gold and Jewelry, the gold coin registered significant declines during the week to December ...

Financial Tribune - Gold prices in Tehran fell 10% during the week to November 29 following the drop in foreign exchange rates. Mohammad Kashtiaray, president of the Special Gold and Jewelry Commission of the Iran Chamber of Guilds said. The decline came as international prices for the yellow metal remained volatile. Kashtiaray said moves by the ...