The price of coins and gold will not fluctuate next week
Nader Bazarafshan On Friday, in an interview with the reporter of Iran Economist, he stated about the state of the gold market: The global price of gold decreased by an average of $2 last week and was equal to $1,919 at the last price.
He said: “Each shekel of melted gold increased by 475 thousand tomans in the last transactions yesterday, and the price of each gram of 18 carat gold increased by 110 thousand tomans to 2 million 36 thousand tomans. that the market had reached equilibrium two weeks ago.
The head of the Tehran Jewelry Association added: Last week, the new design coin increased by 2,200,000 tomans and the old design coin increased by 1,900,000 tomans.
He continued: The price of half coins and quarter coins increased by 1 million 400 thousand tomans and 1 million 500 thousand tomans respectively last week, and gram coins of 400 thousand tomans recorded a price increase last week.
Bazarafshan stated that the fluctuation and growth of prices was significant last week, and said: This was due to the fluctuation of the exchange rate and the global price of gold and the political and economic news at the international level, and this caused the prices to rise in the middle of the week. take
He clarified: In the past month, the change in the management of the Central Bank and the news of the release of 500,000 quarter coins in the stock market caused the price of all kinds of coins to decrease, as well as each gram of 18 carat gold and each shekel of melted gold. but there was no accurate information on the price and time of supply, and the rates were not much different from the market price, so we did not see much acceptance of this supply.
The head of Tehran Jewelry and Jewelry Association emphasized: Central bank management in the supply of coins can play a significant role in controlling the prices and the coin bubble, and I believe that the supply should be continuous and daily, and the announced prices should be far from the market price in order to Get the desired result.
According to him, the quarter coin was 4 million 100 thousand tomans, the half coin was 3 million 200 thousand tomans, and the new design coin was 2 million 900 thousand tomans.
Bazarafshan stated: Although the prices were increasing last week, the demand in the market did not intensify and the market was not inflamed, and I predict that we will not have price fluctuations next week.