18-Karat Gold, Coin and Dollar Prices Today, Wednesday, October 14: Rising Dollar Pushes Gold and Coin Prices Higher

In today's trading, the prices of the dollar, 18-karat gold and various coins rose amid increased demand.

Economic Group - Mehdi Safai: The currency and gold market moved in an upward direction on Wednesday, 22 Mehr, and the price of the dollar also affected the transactions of the gold and coin market. The increase in the exchange rate, along with the changes in the global price of an ounce of gold, is one of the factors affecting the price of gold in the domestic market; However, the rate of growth of each asset can be affected by supply and demand conditions and price bubbles.

The dollar experienced an increase in price in today's trading. According to the latest data visible in the market, the dollar rate reached 239 thousand 900 tomans by 17:00; While the lowest price recorded for it during the day's trading was 259 thousand 900 tomans and the highest rate was 263 thousand 910 tomans. These figures show that the dollar traded near the daily ceiling.

An increase in the dollar rate can affect the replacement cost of gold and price expectations in the domestic market. However, the continuation of the upward trend depends on the subsequent transactions and the supply and demand conditions in the currency market.

Each gram of 18-carat gold was accompanied by an increase in price in today's transactions. According to market information, the price of 18 carat gold per gram was announced at 26 million and 40 thousand tomans. This precious metal increased to 26 million 110 thousand Tomans during the day's trading, and the lowest rate recorded for it was 25 million 739 thousand 200 Tomans.

The increase in the price of the dollar is one of the factors affecting the growth of the price of gold in the domestic market; However, changes in the global ounce and market trading conditions also play a role in determining the final price. Therefore, to evaluate the path of gold, the trend of the dollar and the global ounce should be examined side by side.

Imami coin also registered a significant growth in today's transactions. According to the available data, the price of this coin reached 269 million and 290 thousand tomans. Imami coin rose up to 269 million 700 thousand tomans during trading and the lowest price recorded for it was 258 million 810 thousand tomans.

Simultaneously with the increase in the price of dollar and gold, the growth of Imami coin indicates the strengthening of prices in the coin market. However, coin bubble changes are also important; Because the price of the coin, in addition to the value of the gold used in it, is affected by the amount of demand and the distance between the market price and the intrinsic value.

The half coin was also traded at the price of 141,840,000 Tomans. The highest recorded price for a half coin was at this rate, and the lowest price was 138,850,000 Tomans.

In the same report, the quarter coin was priced at 75,970,000 tomans. This piece of coin increased during the trading until the current level and the lowest recorded price for it was 71 million and 840 thousand tomans.