The price of gold coins in Iran has reached a new peak.
The price of each ounce of gold in the global markets during Thursday’s trading session surged by $30 to $2,161 in response to the possibility of a future interest rate cut by the Federal Reserve of the United States starting from June, setting a new historical record.
The simultaneous increase in the global price, along with the fluctuation of the dollar rate in Tehran market between 60,700 to 60,800 Tomans, which was 300 to 400 Tomans higher than the closing rate of Thursday’s trades, led to the exchange of each piece of a gold coin known as ‘Emami Design’ at a price ranging from 37 million Tomans to 37.2 million Tomans, indicating an increase of 840,000 Tomans in the price of the coin over the past 24 hours.