Title: Market Watch: Second-Hand Gold Sees Notable Dip Amidst Broader Economic Trends
A Significant Daily Drop
TEHRAN – The domestic market for second-hand gold witnessed a noticeable price correction this Monday, drawing the attention of market participants and households seeking affordable gold options. According to registered market data, the price per unit of second-hand gold settled at 107,281,140 Iranian rials. This figure represents a decrease of 2,059,200 rials compared to the previous trading day.
Trading activity for the day saw the highest recorded price reach 109,356,280 rials, while the lowest dipped to 106,877,960 rials. The day’s price fluctuation was estimated at approximately 1,350,780 rials, equating to a volatility rate of 0.22 percent.
A Broader Perspective Reveals Growth
While the day-to-day comparison shows a decline of 1.92 percent, a wider look at the market performance reveals a different narrative. Compared to the same day last week, prices have actually seen a modest increase of 0.27 percent, or 293,850 rials.
The medium and long-term trends are markedly more significant. Over a three-month period, the market has demonstrated a substantial upward trajectory, with a growth of 53.6 percent. An even more pronounced trend is visible in the year-on-year comparison, which shows a considerable increase of 151.37 percent compared to the price on the same date last year.
These substantial mid-to-long-term appreciations highlight the enduring value and resilience of gold as a commodity within the national economic landscape, reflecting its role as a stable asset for citizens.