Is price forecasting for gold and coin buyers / investing in gold profitable?

Mehdi Jahanshahlord’s online economy; Nader Bazarafshan told the online economy about the latest situation of the coin and gold market: the market passed the week without any demand, the global market was in a downward trend, and in the domestic markets, due to the stability and reduction of the exchange rate, the prices found.

Bazarafshan said: The global price was decreasing and during the week its price dropped by $22, the price of each gram of 18 carat gold decreased by 12 thousand tomans.

He added: During this week, the price of the new design coin was 250 thousand tomans, the old design coin was 15 thousand tomans, the half coin was 100 thousand tomans, the quarter coin was 100 thousand tomans, the one gram coin of the Central Bank also decreased in price by 50 thousand tomans. It was 5 million and 100, which is 50 thousand tomans less than last week.

The head of the Tehran Jewelry and Jewelery Association also said about the future of the gold and coin market: After the price increase that brought the coin to 31 million Tomans in the last month, the prices have reached a good relative stability, and in this situation, people should make exchanges in In the coming days, due to the lack of demand, this process will continue if there is no special issue in the world markets and political and economic news.

He added: “The stability of prices can be effective on increasing demand. At the beginning of the Middle East crisis, prices increased significantly, but after the evacuation, the price increase has stabilized.”

In an advice to people to buy gold, Bazarafshan also said: In the current situation, buying gold artefacts is cost-effective. The advice is that people buy gold artefacts, as the same price as a coin, you can buy artefacts for a maximum of 3 million tomans, which does not have bubbles and in It will be a safe investment in the long run.