Gold and Coin Market Outlook: Diverging Trends Amid Global Uncertainty
Tehran – The domestic gold and coin market experienced a mixed trading session on Sunday, with analysts describing conditions as “unbalanced” ahead of the new week. While global markets were closed and the US dollar showed minimal movement, internal market dynamics created a split between heavier and lighter coin categories.
Market Snapshot: A Tale of Two Tiers
Market activity on Sunday was characterized by a clear divergence:
- Heavyweight Gains: Larger denominations, including the Emami coin and Bahar Azadi coin, registered noticeable price increases.
- Lighter Coin Declines: Conversely, smaller denominations such as the half-coin, quarter-coin, and gram coin faced downward pressure on their values.
Analysis and Price Forecast
Despite a stable dollar, market experts point to two primary factors sustaining the appeal of gold as a secure investment:
- Bullish Global Gold Outlook: International analysis suggests a positive trajectory for the global ounce price of gold, which traditionally influences domestic markets.
- Macroeconomic and Geopolitical Factors: Prevailing global political tensions contribute to inflationary expectations, bolstering demand for gold as a traditional safe-haven asset.
Consequently, the market is forecast to remain receptive to new demand, particularly as the price of the key Emami coin still remains below its previous record high.
Sunday’s Closing Figures
The closing prices from the previous session underscored the market’s split personality:
- Gold: Each gram of 18-karat gold closed higher at 8,845,000 tomans.
- Emami Coin: Increased by 200,000 tomans to reach 93,360,000 tomans.
- Half-Coin: Decreased by 200,000 tomans to 48,900,000 tomans.
- Quarter-Coin: Decreased by 400,000 tomans to 28,560,000 tomans.
These contrasting fluctuations indicate a market poised for an uncertain and closely watched week ahead.
Source: Intitar