BAKU: The new edition of Iran’s Bahar Azadi gold coin was sold for 464 million rials (approximately $1,031) on September 30, the Iran Jewellery Association’s web portal said, Trend reports.
On September 29, the coin was sold for approximately 465 million rials (about $1,035) in the Iranian market.
The Central Bank of Iran switched to a floating foreign exchange rate system on May 31, 2024. The prices change depending on this.
Meanwhile, the prior edition of the coin was sold for around 414 million rials (about $921).
A 1/2 gold coin was sold for 254 million rials (about $565), and a 1/4 gold coin was sold for 169 million rials (about $376).
The price of one gram of 18-karat gold stood at 39.3 million rials (about $87.4).
To note, the coins showed up in Iran following the Islamic Revolution’s victory in 1979. The Central Bank of Iran made a move and issued the coins, putting them up for grabs for both wholesale and retail sales.
The bank minted the old gold coins between 1979 and 1991 before issuing new
ones.
Source: Trend News Agency