Increase of Over One Million Tomans for Each Coin in the Iranian Market

Reports from Iran indicate a rising trend in the prices of gold, coins, and the dollar over the past week; thus, each gold miscal (a traditional unit of weight) has increased by 506,000 tomans and each coin has risen by 1,270,000 tomans. The dollar has also experienced fluctuations of 400 tomans. The increase in gold and coin prices in the Iranian market has been in line with the sharp changes in global gold prices. Last week, each ounce of gold experienced significant fluctuations in the global market, setting historical price records. Accordingly, the price of gold per ounce increased by $135 last week, reaching $2,509. Market participants attribute the main reason for the rise in gold and coin prices in Iran to the sharp increase in global gold prices. According to the news agency Khabar Online, the weekly performance of the gold market shows an increase of 116,000 tomans or 3.3% in the price of each gram of 18-carat gold. Therefore, each gram of 18-carat gold is currently priced at 3,582,000 tomans. Each miscal of gold, with an increase of 506,000 tomans, is priced at 15,525,000 tomans. The price of the Imam coin also increased by 1,270,000 tomans over the past week. This price change indicates a 3% rise in the price of coins. Consequently, each Imam coin is sold for 42,590,000 tomans. Each Bahar Azadi coin is priced at 37,670,000 tomans, the half coin at 22,950,000 tomans, the quarter coin at 15,000,000 tomans, and the gram coin at 7,000,000 tomans. In the Iranian market, over the past three days, the price of each US dollar has fluctuated by nearly 1,000 tomans. Today, the price of each US dollar rose by 400 tomans, increasing from 59,100 tomans to 59,500 tomans, but then it began to decline again, stabilizing at 59,100 tomans by the end of the day. While the Nima dollar rate has risen from 40,000 tomans last Esfand to 45,000 tomans, showing a gradual increase, the figures indicate that the gap between the free dollar and the Nima dollar is narrowing. On Saturday, in the Iranian currency market, each euro was traded at 66,250 tomans, each British pound at 78,100 tomans, and each dirham at 16,060 tomans.