The second gold bullion auction will start today at 12:00

The second in-person gold bullion auction will be held at the Iran Gold and Currency Exchange Center today, Wednesday, February 4. In the first session of the auction, which was held on Wednesday last week, 10 one-kilo gold bars were sold.

Activists of the gold and coin market consider the start of the gold bullion auction at the Iran Gold and Currency Exchange Center as an important and effective measure of the central bank in reducing the inflammation of the gold and coin market.

According to the announcement of the Iranian Gold and Currency Exchange Center, the time of the auction session is from 12:00 to 16:00. In addition, the guarantee amount is 3 billion and 500 million Rials (3,500,000,000 Rials) per piece of standard gold bullion.

The buyer should have paid the security deposit by 16:00 on Tuesday, 3rd of Bahman 1402.

It should be noted that the amount of the security deposit must be paid to the Melli Bank of Iran, Kargoshai Bank branch of the center and to the account number of the Iran Currency and Gold Exchange Center.

The gold bar that can be supplied in the Iran exchange center is standard, authenticated and weighs one kilogram and must have a minimum grade of 995 per thousand. The buyer can buy at least one piece and at most three pieces of gold bullion.

The gold bullion auction fee in the Iranian exchange center is two per thousand of the transaction value (four per thousand in total) for each party participating in the auction.

Applicants to buy gold bullion in the Iran exchange center include “wholesale gold bullion sellers with authorized and valid business licenses”, “producers and active manufacturers of gold artifacts with authorized and valid business licenses” and “melted gold retailers with authorized and valid business licenses”.

It is worth mentioning that the documents received by the Iran Exchange Center from the applicant to buy gold bullion also include “the original letter of application to participate in the auction (published on the official website www.ice.ir form number 11 and 12)”, “the original of the national card”, “the original of the license”. Obtaining and original bank receipt of depositing the security deposit”, “Original certificate of signature at notary offices named as Iran’s Currency and Gold Exchange Center” and “Last advertisement in official newspaper (special for legal entities)”