The price of gold and coins on Mehr 25, 1405; Caution overshadowed the gold market

The gold and coin market has an upward trend today, Saturday, October 25, 1405; 18 carat gold is experiencing a limited growth and on the other hand, most of the coins have increased in price. At the same time, speculations about the possibility of escalation of tensions have created an atmosphere of caution in the transactions and traders are keeping an eye on the upcoming developments.

The gold and coin market has an upward trend today, Saturday, October 25, 1405; 18 carat gold is experiencing a limited growth and on the other hand, most of the coins have increased in price. At the same time, speculations about the possibility of escalation of tensions have created an atmosphere of caution in the transactions and traders are keeping an eye on the upcoming developments.

The price of gold and coins has reopened in an upward trend today, Saturday, October 25, 1405. Most of the coins have increased in price compared to last week's transactions; Gold also moves with a gentle slope in the upward direction. Despite the drop in the global ounce and the drop in the price of the dollar, the gold market is still on an upward trend; However, price growth is limited and traders' indecision seems to have prevented the formation of a strong bullish wave in the market.

The global ounce of gold ended last week's trading on a downward trend and closed at $4,165. In the domestic market, the price of the dollar has decreased by two thousand tomans compared to the last cash transactions of last week and has reached the figure of 263 thousand tomans. It seems that the market maker is trying to curb the growth of the dollar price and prevent the formation of an upward trend by massive intervention in the currency market.

Despite the simultaneous decline of the global ounce and the dollar rate, the price of gold in the domestic market continues to rise slowly. On the other hand, speculations about the possibility of escalation of tensions have caused traders to buy and sell more cautiously. In this situation, there is no sign of extensive emotional trading and market participants are waiting for the future developments to become clearer.

The price of today's coin is not uniform and most of its parts experience an increase in price. Imami coin has been announced with an increase of 300 thousand tomans compared to the transactions of last Thursday, with the figure of 267 million and 900 thousand tomans. Bahar Azadi coin has grown by one million tomans, reaching 258 million 500 thousand tomans. The half coin is also traded with an increase of 100 thousand tomans, with the figure of 140 million and 900 thousand tomans.

On the other hand, the quarter coin decreased by 200 thousand tomans and reached 75 million 500 thousand tomans. The gram coin is unchanged at 38 million tomans compared to last week's transactions.

In the gold market, prices are increasing. According to the prices announced on the website of the Tehran Gold and Jewelry Association, the gold methqal has increased by 400 thousand tomans compared to last Thursday's transactions, reaching 113 million and 840 thousand tomans. 18 carat gold is also traded with an increase of 93 thousand tomans, with the figure of 26 million and 280 thousand tomans.