Gold and Coin Markets Experience Significant Downturn, Approaching Key Thresholds
Tehran – The domestic gold and coin markets opened this week with a pronounced downward trend, registering substantial price drops across all major benchmarks.
Precious Metals Under Pressure
Market analysis indicates that gold has entered the 10.8 million Toman per gram range, while the standard Emami coin is now trading in the 112 million Toman channel. This movement reflects a sharp decline over the past 24 hours.
The price of 18-carat gold per gram fell to 10,810,000 Toman, a decrease of 426,000 Toman. Similarly, 18-carat gold per Mithqal dropped by 1,849,000 Toman to 46,982,000 Toman. The price of 24-carat gold also saw a significant reduction, falling by 568,000 Toman to approximately 14,463,000 Toman per gram.
Coin Market Follows Suit
The coin market mirrored this downward trajectory. The Emami coin experienced a notable drop of 2,370,000 Toman, reaching a price of 112,810,000 Toman. The Bahar Azadi coin was not immune, witnessing a decline of 3,681,000 Toman to 106,810,000 Toman.
Smaller denomination coins also recorded losses. The half-coin price decreased by one million Toman to 58,200,000 Toman, while the quarter-coin fell by 1,300,000 Toman to 32,300,000 Toman. The one-gram coin saw a more modest drop of 100,000 Toman, settling at 16,800,000 Toman.
This coordinated decline in the precious metals and coin markets is being closely monitored by investors and economic observers as it approaches significant psychological price levels.