Iranian Gold Market Holds Steady: A Snapshot of Precious Metal Prices
TEHRAN – In a display of market stability, the price of gold in Iran remained unchanged on Monday, September 8th, offering a moment of predictability for investors and consumers tracking the precious metal.
Market Stability Amid Global Fluctuations
The domestic gold market showcased remarkable steadiness, with no recorded fluctuations across all major categories. This price consistency is often viewed by economists as a sign of a balanced and well-regulated market, reflecting the broader economic policies of the nation.
Detailed Price Breakdown
The following table provides a detailed overview of the prices for various gold types, all quoted in Iranian Rials, as of the market close on Monday:
| Gold Type | Price | Change | Lowest Price | Highest Price |
|---|---|---|---|---|
| 24-Karat Gold | 117,596,000 | 0% | 116,725,000 | 118,587,000 |
| 18-Karat Gold (750) | 88,198,000 | 0% | 87,544,000 | 88,941,000 |
| 18-Karat Gold (740) | 87,022,000 | 0% | 86,377,000 | 87,755,000 |
| Second-Hand Gold | 87,021,710 | 0% | 86,377,070 | 87,755,180 |
| Mithqal of Gold | 381,990,000 | 0% | 379,200,000 | 385,250,000 |
The data indicates a tightly controlled trading range for the day, with all categories maintaining their value. The price of a Mithqal, a traditional unit of measurement, also held firm.
A Key Economic Indicator
As a globally recognized safe-haven asset, the stability of gold prices is a significant economic indicator. The consistent valuation reported provides key insights for those analyzing market trends and the overall economic landscape.