Financial Tribune - Gold coin prices fell 30% in the past 12 months from 55 million rials last October to around 40 million rials now.
Mohammad Keshti-Aray, president of the Specialized Gold and Jewelry Commission at the Iran Chamber of Guilds says stagnation in the gold coin market in the mourning months (Moharram and Safar) is expected to continue ...
Financial Tribune - Gold prices are relatively stable according to the head of Irans Specialized Gold and Jewelry Commission. Speaking on state TV, Mohammad Keshti-Aray said the clam is due the decline in the international price and demand for the yellow metal and currency rates.
Bahar Azadi gold coin was sold at 43 million rials ($302) on Thursday ...
Financial Tribune- The recent 200,000-rial ($4.66) increase in the rate of Bahar Azadi gold coin and the 30,000-rial ($7) rise in gold prices have followed the $28 hike for each ounce of gold in the world market, the head of Tehrans Gold and Jewelry Union said.
The gold coin auctions of the past few weeks have had a tremendous impact on the market....
Financial Tribune- Gold has surged in Tehran's market with the 18-karat gold price reaching 1,226,360 rials ($31.67) per gram on Wednesday to set a five-year record.
The yellow metalthe most widely used in Iran's jewelry-making industryhad started its rally since July 13 and faced fluctuations.
"The upward trend, however, gained new momentum ...
Todays top stories in Iran includeIrans unveiling modern APCs in near future; Gold coin prices continuing to drop in Iran;Irans Guardian Council warning of early campaigns of the presidential candidates and Chinese resumption of Irans oil exploration project.
Irans army to unveil modern APCs
Iran unveils modern APCs (Armed Personal Carriers) ...