Gold and Coin Markets Experience Significant Price Surge
Market Overview
Recent analysis of Iran’s domestic gold and coin markets indicates a substantial upward trend in prices. As of the latest reports, gold has entered the range of 11.5 million Tomans per gram, while the benchmark Emami coin is now trading in the 119 million Toman range.
Gold Prices Climb
The gold market opened this week with notable gains. The price for one gram of 18-karat gold has reached 11,558,000 Tomans, reflecting an increase of over one million Tomans compared to the previous week. Similarly, one Mithqal of 18-karat gold was priced at 50,055,000 Tomans, marking a significant weekly rise.
The price for 24-karat gold was set at approximately 15,410,000 Tomans per gram, and second-hand gold was traded at 11,404,000 Tomans per gram, both showing considerable weekly increases.
Coin Market Follows Suit
The coin market mirrored this positive trend, with prices also experiencing a sharp ascent. The Emami coin was observed with a price of 119,505,000 Tomans, representing a significant increase over a 24-hour period. The Bahar Azadi coin was priced at 114,110,000 Tomans, also showing a strong upward movement.
Smaller denomination coins followed this pattern, with the half-coin, quarter-coin, and one-gram coin all recording substantial price increases in the market.
This overall activity points to a dynamic period for precious metal assets within the national economy.