Gold and Coin Prices, 20 Mehr: These Coins Pulled Back!

Gold and coin prices in Iran declined during the day. Investors face a serious question: is this calm an opportunity to buy, or a sign of a larger correction?

According to the economic reporter of Ambassador Arjan, the price of gold and coins had a quiet day today; So, based on the announced rates, the Imami coin with a price of 266 million 200 thousand tomans decreased by about 2 million 400 thousand tomans compared to the previous day, and 18-karat gold stood a little lower than yesterday with a price of 26 million 273 thousand 142 tomans.

18-carat and melted gold sat back together!

Today, each gram of 18 carat gold was 26,379,000 thousand tomans the day before, and today it was 26,273,142 thousand tomans, which was a drop of 105,858 thousand tomans.

Each gram of 24 karat gold was about 35,172,000 thousand tomans yesterday, while today it was 35,030,856 thousand tomans, which was a decrease of 141,144 thousand tomans. On the other hand, each shekel of melted gold was 114,270,000 yesterday, which today became 113,810,000, which was a decrease of 460,000 thousand tomans.

But the price of Imami coin or the new design was 268,600,000 thousand tomans yesterday, which became 266,200,000 thousand tomans today and included a drop of 2,400,000 thousand tomans, while the price of Bahar Azadi coin or the old design yesterday was 259,000,000 million tomans, while today it has become 258,800,000 thousand tomans and recorded a decrease of 200,000 thousand tomans.

Also, the price of half a coin yesterday was 142,200,000 thousand tomans, while in today's market it reached 142,100,000 and there was a drop of 100,000 tomans, and the price of a quarter coin yesterday was valued at 76,100,000, which today reached 76,000,000 and as a result became 100,000 thousand tomans cheaper. The world where the biggest decrease was the Imami coin and the lowest decrease was related to the Bahar Azadi coin and Nimsakeh. But the Imami coin is more sensitive to market fluctuations due to its higher bubble and greater liquidity, on the other hand, old coins and half coins usually experience slower changes.

Is the gold market resting or retreating?

The gold ounce rose to $4,187.20 from $4,194 yesterday, a loss of only $6.8. This slight decline reflects limited global selling pressure and the market is still near its recent highs, so the global ounce appears to be taking a break for now, not a serious pullback.

Therefore, today's market moved without shock or sudden jump, and this relative stability indicates the absence of panic buying or selling excitement. On the other hand, the greater decrease of the Imami coin compared to the Bahar Azadi coin, shows that a gradual de-bubble is taking place, which helps to balance the market more in the medium term. For this reason, despite the slight drop, Anas Gold is still at its historically high level; This means that the long-term upward trend has remained intact.

Therefore, with the continuation of the mild fall of Anas, the slight downward pressure on the domestic market may decrease and in the absence of political and economic excitement, the prices will stabilize, but the bubble above the Imami coin promises the possibility of further correction in the coins, and it also increases the seasonal and capital demand to support the price floor. For this reason, the market is likely to fluctuate in the current range in the coming days unless a new signal is transmitted from the global markets or the exchange rate.

Therefore, on 20 Mehr 1405, the gold and coin market passed a calm and decreasing day, and all assets had a decreasing trend, but mildly, and the Imami coin had the biggest drop and the warm coin remained unchanged.

And the 18 carat gold stepped in harmony with the melted one. Also, the price of gold also fell by a small percentage, which all these factors show investors a calm, balanced and resting market in which the Imami coin bubble is slowly deflating and crude gold is taking a more stable path.