The price of gold coins in Iran has reached a new peak.
The price of an ounce of gold in Thursday’s global market trading surged by $30 to reach $2,161, setting a new historical record in response to the increased likelihood of an interest rate cut by the U.S. Federal Reserve from next June.
The simultaneous rise in global prices along with the fluctuation of the dollar rate within the range of 60,700 to 60,800 tomans in the Tehran market, which was 300 to 400 tomans higher than the closing rate of Wednesday’s trading, led to the price of each complete gold coin, known as the Emami design, being traded at 37 million to 37.2 million tomans. This price indicates an increase of 840,000 tomans in the coin’s price over the past 24 hours.