According to the Baaqtesad news website, Ebrahim Mohammadoli, referring to the decrease in prices in the gold market, stated: “Today, the price of gold has remained almost constant compared to yesterday, but all types of coins have become cheaper between 50,000 and 200,000 tomans.”
According to the president of the Gold Union, fluctuations in the global ounce and foreign exchange markets have been minimized these days, and this has caused the price of gold and coins to stabilize.
Mohammadoli added: “The gold market has stabilized in calm and prices and its changes are very small, so with the continuation of this trend, we can hope that the market will emerge from the recession in the last months of the year, although the demand situation has not changed.”
The gold market activist commented on the price trend in the coming days: At the beginning of the year, due to growing demand for foreign currency, the price of an ounce will rise, which could affect the price of domestic gold, if the central bank can raise the exchange rate. Control the price of gold and coins will not change much.
The price of gold and coins on January 29, 1999
According to Mohammadoli, at (12:30) today in the Tehran open market, the price of Emami coins decreased to 11 million and 750 thousand and old design coins to 11 million and 350 thousand Tomans.
He added: The price of a half coin is six million and 200, a quarter coin is four million and 150 and a one gram coin is two million and 350 thousand tomans; Also, today, the price of each ounce of gold was 4,980,000 tomans and each gram of 18-carat gold was announced as 1,149,000 tomans.
In the end, the president of the Gold Union stated: “Due to the constant value of the global ounce, today the price of gold and coins depends on the situation in the foreign exchange market. If the dollar continues to decline as yesterday, gold and coins will become cheaper.” Otherwise they will remain at current prices./Online Economy