On the last day of the last week in the gold market, each gram of 18-carat gold was priced at 1,137,900 tomans. Coin How did it close this week? According to the rates announced by the Tehran Jewelry Union, coins and foreign exchange, the price of all old design coins is 11 million and 898 thousand Tomans and the price of all new design coins is 12 million and 422 thousand Tomans in the gold and coin market. The coin has decreased compared to Wednesday.
In the gold market, yesterday, each gram of 18-carat gold was priced at 1,137,900 tomans.
Half a coin was traded for six million and 500 thousand tomans in the market, the price of a quarter coin and the price of a one gram coin were four million and 450 thousand tomans and two million and 430 thousand tomans, respectively.
According to the secretary of the board of directors of the Tehran Jewelry Union, after a two-week break, despite the fact that everyone expected the demand for gold coins and artifacts to increase, the demand trend was declining. Meanwhile, due to the increase in the price of about $ 50 per ounce of global gold as well as currency price fluctuations, prices have been on an upward trend.
Explaining the situation in the coin and gold market over the past week, Nader Bazrafshan said that with the resumption of activities, after a two-week shutdown to control the spread of coronavirus, he said: An ounce of world was created. In the past week, the price of an ounce of world gold has risen by $ 5; So compared to three weeks ago, we have seen a $ 48- $ 50 increase in world gold prices.
The Secretary of the Board of Directors of the Tehran Jewelry Union continued: “Due to the fluctuations in the foreign exchange market, along with the increase in world prices, we have witnessed an increase in prices in the coin and gold market.” On average, a price increase of about one million and 500 thousand tomans has been created for each coin compared to before the holidays. Of course, this increase in the price of coins compared to the previous week is about 700 thousand tomans.
He noted: “Contrary to expectations that with the resumption of activities after the corona holiday, the demand for gold coins and artifacts will increase over the holiday, so there was no demand in the coin and gold market and during this week the market Coins and gold began to work, demand was declining; Therefore, demand has not been a factor in increasing prices in the market, and the upward trend in prices has only been due to the increase in world gold prices along with fluctuations in domestic currency prices.
This member of the board of directors of the Tehran Jewelry Union, regarding the latest prices of coins and gold in the domestic markets, said: each coin of the whole new design is 12 million and 500 thousand Tomans, all coins of the old design are 11 million and 850 thousand Tomans, half a coin is six Million and 450 thousand Tomans, quarter coins are worth 4 million and 450 thousand Tomans and one gram coins are priced at 2 million and 450 thousand Tomans.
Gold became cheaper
Bazrafshan added: Each gram of 18-carat gold costs one million and 152 thousand tomans and each ounce of 17-carat gold costs five million tomans. The last recorded price per ounce is $ 1838.
According to him, each coin has a bubble of about one million and 200 thousand tomans.