The global price of gold drops to $49

“Mohammed Keshti Arai” in an interview with Iran is an economist He stated: The economic developments in the world caused that last week, contrary to the predictions and comments of economic analysts, the global price of gold fell sharply, and global gold dropped by $49 and reached $1,950.

He continued: Last week, the downward trend of prices continued, and along with the drop in global prices, the exchange rate also decreased, and this caused the price of gold to decrease in the domestic markets.

This gold market activist said: yesterday (Thursday), the world gold price reached 1,970 dollars, and today it decreased again and reached 1,955 dollars, and in total, the price of gold decreased by 49 dollars per ounce.

He stated: In the last transactions last week, the old design coin is 1 million 200 thousand tomans, the new design coin is 1 million 250 thousand tomans, half coin is 1 million 400 thousand tomans, quarter coin is 750 thousand tomans and one gram coins are 300 thousand tomans. It recorded a weekly price drop.

Keshti Arai stated: Every shekel of melted gold decreased by 235 thousand Tomans, every gram of 18 carat gold by 55 thousand Tomans, and every gram of 24 carat gold by 72 thousand Tomans.

He pointed out: With the decrease in the global gold price and the exchange rate, the coin bubble also decreased, and now each piece of coin has a bubble of five million and 800 thousand tomans, which has decreased by 700 thousand tomans compared to the beginning of the week.

This gold market activist added: Due to the decrease in the prices of all kinds of coins and gold, there were more sellers than buyers, and as a result, the coin bubble decreased.

He said: It is expected that due to the improvement of economic conditions, the value of Rial will also increase and as a result the prices will decrease.