Next week, the price of gold will be stable and less volatile
“Mohammed Keshti Arai” in a conversation with Iran Economist about the state of the gold market last week, added: “Last week, the global price of gold rose and the price increased by 1,900 dollars, and this increase did not affect the price of gold and domestic coins.” .
He continued: Yesterday, in the latest global futures trading, gold reached $1,936, which was an average weekly price increase of $9, while the exchange rate, as another indicator influencing the price of gold, was on a downward trend due to the actions of the Central Bank, and the total The changes of these two indices caused the price of all kinds of coins and gold to have a normal course.
Keshti Arai stated: These days, we do not have false excitement in the gold market and the prices are real; That is, they are calculated based on economic and mathematical indicators, and excitement and inflammation are not observed in the prices. Therefore, if there are any changes in the prices, it is based on the fluctuations of the exchange rate and the global value of gold.
He stated: Last week, the old design coin recorded an average weekly price increase of 600 thousand tomans, the new design coin 1 million tomans and half coin 450 thousand tomans.
This gold market activist pointed out: The weekly price of a 250,000 toman quarter coin was reduced, while we saw a price drop of 700,000 tomans in this type of coin until the middle of the week.
He stated that the reason for this issue was the transfer of the quarter coin to the stock exchange and said: The quarter coin had the largest price drop last week, although the increase in the global price caused its price to rise again.
This union official stated: If other types of coins are offered in the stock market, we will have a price reduction.
According to him, the price of one gram gold coins did not change last week, because there is no demand for buying this type of coin in the market.
Keshti Arai stated: Last week, each shekel of melted gold had the usual fluctuations of the market and fluctuated with the increase and decrease of the global price, and the weekly price increased by 250,000 tomans. Each gram of 18 carat gold also recorded a weekly price increase of 72 thousand tomans and each gram of 24 carat gold also recorded a weekly price increase of 97 thousand tomans.
He added: The bubble of all kinds of coins has decreased due to the fluctuations of the exchange rate and the global economy, and part of the bubble of all kinds of coins has decreased due to the decrease in demand.
Keshti Arai explained about the increase in the price of gold last Thursday compared to the previous day: This price increase was due to the increase in the global price of gold and because the market is closed on Thursdays and then we have the international holiday of the gold market, because Uncertainty of world price is usually an increase in prices.
Predicting that next week we will not have a sharp price fluctuation, he said: the central bank has a series of currency transfers in its portfolio, which has a positive and decreasing effect on the gold market, and due to the stability of the currency price in the gold market, there will be increased fluctuations next week. We will not have and the prices will be stable, less volatile and traded according to the real price indicators.