Iranian Gold Market Reaches New High as 18-Karat Gold Prices Climb
In a notable development within Iran’s domestic economy, the price of 18-karat gold has registered a significant increase, reaching a new record high. This upward movement reflects the ongoing dynamics of the precious metals market in the country.
A Steady Upward Trend
The latest market data indicates that the price per gram of 18-karat gold rose by 0.43 percent. The value increased from 8,824,968 tomans to a new high of 8,863,290 tomans. This consistent appreciation underscores the metal’s strong performance as a commodity within the national market.
Price per Mithqal Also Rises
The upward trend was also mirrored in the price per mithqal, a traditional unit of weight. The cost for one mithqal of 18-karat gold similarly saw a 0.43 percent increase, climbing from 38,228,000 tomans to 38,394,000 tomans. This parallel rise confirms a broad-based strengthening in the gold sector.
This price movement is closely monitored as an indicator of market sentiment and economic activity, highlighting the stability and investment appeal of precious metals within Iran’s diverse economy.