Iran Exchange Announces Key Gold Bullion Auction, Reports Robust Trade Volumes
Auction Details Finalized
The Iran Mercantile Exchange (IME) has officially set October 11 for its 129th gold bullion auction. Prospective buyers are required to deposit a guarantee payment of 10 billion Rials (equivalent to one billion Tomans) per gold bar to participate. The registration and deposit deadline is 24:00 on Saturday, October 10.
The bullion bars offered will each weigh one kilogram and feature a minimum gold purity of 99.5%. The exchange has confirmed that all transactions will be conducted through in-person, cash-based auctions.
Strong Commercial Trading Activity
In a separate report highlighting the nation’s dynamic trade sector, the IME disclosed significant commercial foreign exchange activity from a recent trading day. The total volume traded included $76.6 million, 106.8 million UAE dirhams, 11.8 million euros, and 37.3 million Chinese yuan. The collective dollar-equivalent value of these robust commercial trades reached $124.7 million, underscoring the active role of the exchange in facilitating international business transactions.
