Title: Market Dynamics: A Detailed Look at Gold and Coin Prices This Friday
Article:
Market Snapshot: Precious Metals Trading
This Friday, October 10, 2024, the domestic market for gold and commemorative coins showed active trading, with prices for various bullion and coin categories being closely monitored by investors and analysts. The figures provide a clear snapshot of the day’s trading values for these key assets.
Gold Bullion and Global Metrics
The price listings for the day included a range of gold products. The value of 24-carat gold was recorded, alongside prices for 18-carat gold of different purities. The market for second-hand gold also saw significant activity, with its price closely tracked. Additional metrics such as the price per Mithqal, the value of gold bullion (under one kilogram), and the global ounce price were also part of the daily financial update, offering a comprehensive view for stakeholders.
Commemorative Coin Valuations
The data further detailed the retail prices for various Iranian commemorative coins. This included the “Emami” coin, the “Baharestan” coin, half-coins, quarter-coins, and gram coins. For historical context, prices for full, half, and quarter coins minted before 2007 were also listed, providing a comparative basis for market participants.
Analyzing the Premium
A key aspect of the market report was the breakdown of the premium, or “Hobab,” associated with each coin type. This premium represents the difference between the coin’s market price and the intrinsic value of its gold content. The figures for the Emami coin, Baharestan coin, and their fractional denominations were specified, highlighting the additional market-driven value placed on these specific assets.
This detailed financial data is routinely published to ensure market transparency and inform economic decision-making.