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 - Foreign currency rates declined in Tehrans open market on Saturday for the third consecutive day with the downturn extended to the gold market. The US dollar was traded 156,000 rials, down from 158,500 rials quoted by moneychangers and currency dealers in Tehrans free market on Thursday. Euro dropped about 2% to 168,000 rials ...

Financial Tribune - Gold and gold coin prices were relatively stable on Tuesday in Tehrans 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 Unions website, the price of Emami Gold Coin declined 0.1% and was ...

Financial Tribune - Gold coin prices set a new record climbing 8% from the Persian New Year holidays in the Tehran market -- from 60.28 million rials ($375) on March 18 to 65.05 million rials on Sunday. The rise was despite the fact that the gold market remains closed due to the COVID-19 crisis. Observers say gold prices have surged mostly under ...

Financial Tribune - Gold declined in Tehran on Monday, though gold coins were sold at higher prices. According to Tehran Gold and Jewelry Union's website, 18-karat gold was worth 5.882 million rials per gram, marking 1.58% decline compared to Sunday's close. Unlike 18-karat gold, gold coin prices registered growth in Mondays trade. The benchmark ...

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 - The US dollar was traded above the psychological level of 130,000 rials on Saturday and was worth 132,000 rials in Tehrans open market -- the highest in the past five months. The greenback gained about 2% against the rial and the euro was sold for 143,000 rials, up 2,000 rials (or 1.5%) compared with Thursdays closes, according ...

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 - 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 - 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 - Foreign exchange rates dropped below the psychological level of 130,000 rials on Monday as markets prepared for relative stability before the fiscal year is out on March 20. According to local media reports, the USD was traded for 127,000 rials in the open market, with bank-affiliated exchange rates also bringing their rates ...

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 ...

MNA Interior Minister Abdolreza Rahmani Fazli said on Tuesday effective decisions have been made to alleviate the foreign currency and gold coin market. Crucial decisions have been made in the Supreme Council of Economic Coordination, a joint meeting attended by the heads of the three branches of power, and we will observe a decreasing trend in ...

Financial Tribune - The benchmark Bahar Azadi gold coin gained on Tuesday, as both gold and foreign currency markets await greater stability in the wake of the government's rescue package that was unveiled last week. According to Tehran Gold and Jewelry Union's website, the gold coin gained by 1.69% and fetched 39.10 million rials ($482), thereby ...

Financial Tribune - The top 50 gold coin dealers have been identified and introduced to the Iranian National Tax Administration, as part of a tax evasion inquiry at a time of high volatility in the gold coin and foreign currency markets. We have obtained from the Central Bank of Iran the list of 50 people who have made largest purchases of gold ...

IRNA Tehran Commodity Exchange will stop selling or buying gold coins for future delivery as of Sunday. The Commodity Exchange announced that the trade will be disrupted until further notice. The gold trade halt by the Commodity Exchange is aimed to check sharp hike in the prices. Each Bahar-e Azadi gold coin was sold beyond 709.56 dollars ...

IFP - An Iranian lawmaker claims the Saudis have sent agents to Iran to collect some 3.5 million gold coins from Iran and transfer them to Iraq in a bid to disrupt the Islamic Republics economy. The claim was made by Javad Karimi Qoddosui, a member of the Iranian Parliaments National Security and Foreign Policy Commission. Over the past ...