Title: Gold and Coin Markets Surge, Reflecting Broader Economic Trends
Tehran – The domestic markets for gold and coins witnessed significant upward momentum this week, with prices for both assets reaching new thresholds, according to financial reports.
Gold Breaks Into New Territory
Market analysis for Wednesday indicates that gold has firmly established itself in a new pricing channel. The key benchmark, 18-karat gold, was traded at approximately 11,019,000 Rials per gram. This figure represents a notable increase of 448,000 Rials over the preceding 24-hour period.
Further illustrating the bullish trend, a single mithqal of 18-karat gold reached a price of 47,683,000 Rials, marking a rise of nearly two million Rials. The price for 24-karat gold also saw a substantial climb, settling at around 14,677,000 Rials per gram after a 582,000 Rial increase. Secondary market gold followed this trajectory, with its price rising by 431,000 Rials to 10,861,000 Rials per gram.
Coins Follow Suit, Hitting New Highs
Parallel to the gold market, the coin market also experienced a sharp ascent, with prices entering a new, higher range. The Imam Reza gold coin, a major market indicator, was observed at a price of 115,290,000 Rials per coin. This reflects a significant surge of 3,295,000 Rials within a single day.
Other coin categories mirrored this upward trend. The Bahar Azadi coin’s price rose to 109,450,000 Rials, an increase of 4,450,000 Rials. Smaller denomination coins also saw price hikes, with the half-coin increasing by 960,000 Rials to 59,560,000 Rials and the quarter-coin rising by 780,000 Rials to 34,380,000 Rials. The one-gram coin was traded at 16,700,000 Rials, up 200,000 Rials from the previous day.
The movements in these key commodity markets are closely watched by analysts as indicators of broader economic dynamics and investment patterns.