Title: Domestic Gold and Coin Market Rides Wave of Global Trends, Sees Significant Gains
Tehran’s Precious Metals Market Responds to International Dynamics
The domestic gold and coin market witnessed a substantial upward trajectory today, with 24-karat gold experiencing a notable surge. The price increased by 403,358 tomans, reaching 14,902,000 tomans, placing it within close range of the significant 14.9 million toman threshold. This 2.78 percent rise occurred alongside an increase in the global gold benchmark, which climbed to $4,242, illustrating the interconnected nature of the domestic and international markets.
A Detailed Look at Today’s Figures
The upward trend was reflected across various segments of the market. The Tehran benchmark also saw a significant rise of 1,309,930 tomans, settling at 48,420,000 tomans. Meanwhile, 18-karat gold stabilized at 11,177,900 tomans after an increase of 302,451 tomans.
In the coin sector, the quarter-coin led the gains with a 3.1 percent price jump, reaching 33,600,000 tomans. New design Emami coins were traded at 115,400,000 tomans, and old design coins at 110,400,000 tomans, reflecting increases of 2.24 and 2.7 percent, respectively, compared to the previous day. The half-coin and one-gram coin were also traded at 59,200,000 tomans and 17,000,000 tomans, indicating broad-based market activity.
Market Analysis and Outlook
Analysts point to a combination of international and domestic factors driving this positive momentum. The robust performance is primarily attributed to the rising global price of gold, which signals strong international investor demand for the precious metal as a stable asset. This international sentiment continues to positively influence the domestic economic landscape.
The coin market mirrored this trend, with the quarter-coin’s significant growth highlighting particular interest from retail investors in lower-weight denominations. The parallel increases in both new and old design coins suggest widespread and diversified demand across the entire market segment.
Forecast for the Coming Session
Given the continued upward trend in global markets and the sustained demand for gold as a secure investment, the positive momentum is expected to continue in the domestic market. It is anticipated that 24-karat gold may test the 14.9 million toman resistance level, with potential for further gains if buying pressure persists.
In the coin market, the new design coin is expected to potentially see greater price appreciation compared to the old design due to broader market reception, while the quarter-coin is forecast to maintain its position as the frontrunner in price growth among minted coins.