Today, Tuesday, November 5, 1405, the price of 18-carat gold and various coins in the domestic market has faced significant fluctuations. According to the rates announced by the Union of Gold Sellers and Manufacturers, the price of 18-carat gold per gram has reached 26 million and 208 thousand tomans. Meanwhile, the old design full Bahar Azadi coin is being traded at 258 million and 500 thousand tomans, and the new design full Bahar Azadi coin is also being sold at 267 million and 700 thousand tomans.
Fluctuations in Coin and Half-Coin Prices
Furthermore, the price of the half Bahar Azadi coin has reached 140 million and 700 thousand tomans, and the quarter Bahar coin has reached 76 million tomans. Additionally, the one-gram coin is being sold for 38 million tomans. These price changes indicate the direct impact of fluctuations in global and domestic markets on the buying and selling trends of gold in Iran.
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Impact of Dollar and Gold Ounce on Domestic Market
In global markets, the gold ounce has once again lost the $4000 resistance level and is currently trading at $3993 at the time of this news report. Alongside this issue, the price of the dollar has increased by two thousand tomans compared to the last cash transactions of yesterday, reaching the level of 272 thousand tomans. These two factors, namely the decline in the value of global gold and the increase in the price of the dollar, have had a significant impact on the domestic gold market and have placed today's transactions on a dual path of rise and fall.
Given this situation, gold and coin market participants in Iran must closely monitor fluctuations in the dollar price and the global ounce. Analysts believe that these fluctuations can significantly influence the decision-making of investors and buyers in the gold market. Therefore, in the coming days, it is expected that the gold market will continue to be influenced by these two key factors and that further changes in prices will occur.
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