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Gold overtakes dollar in Tehran market

10 May 2020 - 16:07


Financial Tribune - Gold in the domestic market is being traded at all-time highs with analysts warning about bubbles in the price of the precious metal.

Emami gold surged more than 2.5% Saturday and was traded at all-time high of 68.5 million rials ($422) in Tehran, according to market data published on the Tehran Gold and Jewelry Union website.

Bahar Azadi gold coin was worth 65 million rials, up over 0.8% compared to Thursday’s close. Likewise, one gram of 18-karat gold was sold for 6.61 million rials -- up 100,000 rials, or 1.5%, compared to the earlier session.


Story Code: 375543

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