Coin and gold prices will continue to fall next week

In an interview with Iran Economist’s reporter, Mohammad Keshti Arai stated: In the last transactions of yesterday, the price of global human reached $1,763, which was $42 less than the beginning of the week. Since the beginning of the week, the exchange rate started to decline due to the positive trend of the JCPOA negotiations, and it dropped to 29,000 tomans last day. These two factors (the drop in the exchange rate and the global value of gold) caused the price of coins and gold to decline.

He added: The old design coin decreased by 1 million tomans, the new design coin decreased by 900 thousand tomans, the half and quarter coins decreased by 400 thousand tomans, and the one gram coin decreased by 100 thousand tomans.

The vice president of Tehran Gold and Jewelry Union said: Each shekel of molten gold was 295 thousand tomans, each gram of 18 carat gold was 67 thousand tomans and 24 carat gold was 90 thousand tomans per gram.

According to this trade union official, the coin bubble decreased by 200 thousand tomans this week due to the decrease in demand and the fact that people are sellers and there is no buying demand in the market, but the coin bubble is still around 1 million 200 thousand tomans.

Keshti Arai stated: The drop of 810 tomans in the exchange rate and the drop of 42 dollars in the world price of gold caused the price of all kinds of coins and gold to go down in the market.

He stated: The existing conditions are such that due to the downward trend of the prices, the number of buyers in the market has decreased drastically and the transactions have decreased and the demand has decreased, but the supply has increased and this has helped to reduce the prices further.

The vice president of Tehran Jewelry and Jewelry Union said: It is expected that next week, due to the positive process of JCPOA negotiations, the prices will continue to decrease in one or two futures.