Gold Coin Reaches 40 Million Tomans; Tensions in Gold and Currency Market

Following the global increase in gold prices and concerns arising from Israel's attack on the Islamic Republic of Iran's consulate in Damascus, the price of gold coins in the Tehran market has reached 40 million and 200 thousand tomans. A review of gold and currency information websites shows that the price of half a gold coin has also reached 23 million and 800 thousand tomans, while a quarter gold coin is priced at 14 million and 800 thousand tomans. In the currency market, as of the time of this report, each US dollar has reached 62 thousand and 600 tomans. Currently, each euro is being traded at 57 thousand and 100 tomans and each British pound at 78 thousand and 500 tomans. Yesterday, following the Israeli airstrike on the headquarters of the Quds Force commanders at the consulate building adjacent to the Islamic Republic of Iran's embassy in Damascus, at least seven IRGC commanders were killed, raising concerns among market activists and small investors. Additionally, see: Dollar surpasses 62 thousand tomans; economic aftershocks of the attack on the Islamic Republic consulate in Damascus. The attack by 'Israel' on the Iranian government consulate in Damascus; the IRGC has not reacted, and the United States has remained silent for now. The Security Council will convene at Russia's request; the Islamic Republic states that it has made 'appropriate decisions' to respond to the attack. The terms 'revenge' and 'harsh punishment' have returned to the rhetoric of Islamic Republic officials following the killing of IRGC commanders in Syria.