Rewritten Title: Tehran Gold and Coin Markets Hit New Highs Amid Global Economic Trends
Tehran – Precious metals in Tehran’s markets reached unprecedented levels today, with gold and the benchmark Emami coin setting new records, according to financial data. The surge aligns with nuanced movements in the global economy and domestic market dynamics.
Gold Prices Reach New Peaks
The domestic market saw a notable uptick in gold prices. The value of 18-karat gold per gram rose by 0.16 percent, moving from 10,509,487 tomans to 10,526,801 tomans. Similarly, the price for a Mithqal of 18-karat gold climbed to 45,600,000 tomans. This domestic rally occurred as the global price of gold per ounce also saw a modest increase of 0.12 percent, settling at $3,989.
Emami Coin Leads Rally in Coin Market
In the coin sector, the Emami coin led the gains, experiencing a 0.26 percent increase. Its price advanced from 111,000,000 tomans to 111,300,000 tomans, marking a new high. Meanwhile, other coin denominations, including the half-coin, quarter-coin, and one-gram coin, remained stable at their previous day’s levels of 58,500,000 tomans, 33,800,000 tomans, and 16,400,000 tomans, respectively.
Official Forex Market Shows Mixed Movements
Concurrently, the official foreign exchange market presented a mixed picture. The exchange rate for the US dollar saw a 0.91 percent decrease, falling to 71,997 tomans. The Euro followed a similar trend, declining to 82,727 tomans. The UAE Dirham also experienced a decrease, settling at 19,604 tomans. In contrast, the British Pound registered a slight increase to 140,950 tomans, while the Australian Dollar decreased by 1.25 percent to 70,320 tomans. The Iraqi Dinar saw a minor adjustment, decreasing by 10 tomans to 8,235 tomans.
These market movements are being closely monitored by analysts as indicators of broader regional and global economic interactions.