Transaction of 13.4 kilos of gold bullion in the certificate of deposit market of Commodity Exchange – Tejaratnews

According to Tejarat News, the amount of gold bullion certificate of deposit transactions was announced in Iran Commodity Exchange.

The review of gold bullion certificate of deposit transactions in the Iran Commodity Exchange, which was launched from March 18 of last year until yesterday, April 6 of this month, shows that there are a total of 134,411 certificates of deposit equivalent to 13.4 kilograms of gold worth 27.3 billion Tomans in The commodity exchange has been traded.

According to this report, gold bullion certificate of deposit transactions were resumed in the commodity exchange on Saturday, April 5, and in the last two days, we witnessed nearly 5,000 certificates worth more than 1.7 billion Tomans being traded. In this way, more than 13.4 kilograms of gold worth 27.3 billion Tomans were traded in the form of gold bullion certificate of deposit transactions since the beginning of this tool.

Reviewing the transaction statistics of the last two days also shows that 4,996 gold bullion deposit certificates worth 1.7 billion Tomans have been traded. Since each gold bar certificate is equivalent to 100 soots or 0.1 grams of gold, a total of 500 grams (half a kilogram) of gold has been traded in the two days of the beginning of these transactions in the new year.

From March 18 to 28, 1401, a total of 129,415 certificates equivalent to 12 kilos and 941 grams of bullion were traded, which had a value of 25.6 billion Tomans.

Gold bullion certificate of deposit transactions in the commodity exchange are exempt from income and value added tax, and therefore, according to experts, by starting transactions of this asset, it is a valuable, liquid and demanding commodity like gold in the safe, transparent and legal market of the commodity exchange. It is available to the public without paying taxes.

Source: news