Gold, Coin and Dollar Prices Today, 21 Mehr 1405: Coin Plunges by Millions; Dollar Retreats, Gold Gets Cheaper

The currency, gold and coin market moved downward on Tuesday, 21 Mehr 1405. The dollar and euro fell in price, and all coin types traded with drops of millions of tomans. In the gold market, despite a rise in the global ounce price, the decline in the domestic exchange rate put downward pressure on prices.

The foreign exchange, gold and coin market moved in a downward direction today, Tuesday, October 21, 1405; The dollar and the euro decreased in price, and all coins were traded with a loss of millions. In the gold market, despite the increase in the global ounce, the decrease in the domestic exchange rate put downward pressure on the prices.

Sefir Arjan-Economic Group: The currency, gold and coin market experienced a downward trend in trading today, Tuesday 21 October 1405, under the influence of the drop in the dollar and the decrease in purchasing demand. The dollar and euro decreased in price, and the coin in all parts was accompanied by a loss of millions; Meanwhile, the increase in the global ounce of gold could not prevent the decrease in the price of gold in the domestic market.

The price of dollar and euro decreased in trading today, Tuesday, October 21, 1405, and the gold and coin market also experienced a downward trend due to the drop in exchange rates. While the global ounce of gold has increased in price, the drop in the dollar has put downward pressure on the domestic market and the price of coins in all parts has recorded a decrease of millions.

The price of the dollar in today's transactions decreased by two thousand tomans compared to the last trading figure of the previous day, and reached 259 thousand tomans by the time of writing this report and returned to the twenty-fifth corridor. The American banknote was closed at the level of 261 thousand tomans yesterday.

Yesterday's statements by the Governor of the Central Bank about the reduction of the exchange rate in the coming days have increased traders' doubts about participating in the market. These comments, which are seen as a sign of the monetary policymaker's determination to control the market, have strengthened expectations of a reduction.

In addition to this issue, the news related to the continuation of negotiations between Iran and the United States has also affected the market atmosphere and reduced the purchase demand. The combination of these factors has led to an increase in sales demand and a drop in prices.

On the other side of the market, the euro was traded at 290 thousand tomans with a decrease of 5 thousand tomans compared to the previous day and started a downward trend along with the dollar.

Economic analysts believe that if the positive signals from the negotiations continue and the central bank's measures to control the market continue, there is a possibility of a further decrease in prices in the coming days. However, any change in the political climate can quickly change the course of the market.

Today, the gold and coin market, after a short period of stagnation and a trading break, took a more specific downward trend. While the world ounce of gold has increased in price, the drop in the dollar is still the main factor of pressure on the domestic market and has largely neutralized the effect of the rise of the ounce.

Today, the global ounce of gold reached the range of 4188 dollars due to the increase in price. However, global gold currently does not play a prominent role in domestic market transactions. On the other hand, the dollar, which is one of the factors affecting the price of gold and coins, lost the level of 260 thousand tomans and reached 259 thousand tomans with a decrease of two thousand tomans compared to the last cash transactions of the previous day.

In general, the continued decline of the dollar and the loss of important price levels have increased the downward pressure on the gold and coin market. Analysts believe that if the price of gold continues to improve, the range of 25,500,000 to 25,600,000 tomans can be the first important support range for 18 carat gold.

Today, the price of the coin in all parts was reduced by millions. Based on the announced prices of the Union of Gold and Jewelry, the coin price changes are as follows:

Imami coin: with a decrease of five million and 300 thousand tomans compared to the previous day's transactions, it reached 259 million and 600 thousand tomans.

Bahar Azadi coin: It was traded at 252 million 500 thousand tomans with a drop of 3 million 500 thousand tomans.

Half coin: with a decrease of one million and 900 thousand tomans, it reached 138 million and 200 thousand tomans.

Quarter coin: with a drop of 1,200,000 tomans, it reached 73 million tomans.

Hot coin: with a decrease of one million tomans, it reached 36 million tomans.

The price of gold in today's transactions had a downward trend. Based on the prices announced on the website of the Tehran Gold and Jewelry Association, the price of a shekel of gold and 18 carat gold is as follows:

Gold shekel: with a decrease of 1 million 410 thousand tomans, it reached 111 million 580 thousand tomans.

18 carat gold: with a drop of 325,600 tomans, it was traded at 25,758,000 tomans.

The price of gold and coins set new records today under the influence of the increase in the dollar rate and the global growth of the ounce. The price of the dollar reached 90,550 tomans in today's transactions, and the Imami coin crossed the level of 83 million tomans and was traded at the highest rate in its history.

The gold, coin and foreign exchange market continued its activity today, Monday 13 October 1405, while the free dollar once again took an upward path and the prices of gold and coins fluctuated at high levels. In the meantime, the continued supply of currency by the central bank has not been able to completely stop the increasing trend of the dollar.

Today, the gold and coin market is following its transactions in a situation where two influential factors have taken different paths; The global ounce has decreased, but the growth of the dollar rate in the domestic market has been able to weigh the bottom of the scale towards increasing prices. As a result, all kinds of domestic coins and gold have faced price growth today.