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Iran’s Bahar Azadi gold coin price rising

Finance Materials 22 September 2022 14:38
Baku, Azerbaijan Trend News Agency Elnur Baghishov
Iran’s Bahar Azadi gold coin price rising

The new edition of Iran's Bahar Azadi gold coin was sold for 144 million rials (about $3,428), on September 22, Trend reports citing the Iran Jewellery Association’s official website.

On September 21, the coin was sold for about 142 million rials (about $3,380).

The previous edition of the coin was sold for 136 million rials (about $3,238), on September 22.

The other versions of the new Bahar Azadi gold coin (different in weight and with pure gold content), include 1/4 Bahar Azadi gold coins and 1/2 Bahar Azadi gold coins.

The 1/2 coin is worth 80 million rials (about $1,904), while the 1/4 coin is sold for 50 million rials (about $1,190).

The price of one gram of 18-karat gold stood at about 13.3 million rials (about $316), on September 22.

The coins appeared in Iran following the victory of the Islamic Revolution in 1979. The Central Bank of Iran issued the coins, putting them up for wholesale and retail sales.

The old gold coins were minted from 1979 to 1991, after which the bank released new ones.

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