Gold, Coin and Dollar Prices Today, October 15; Fresh Wave of Price Increases

Gold and currency markets rose on Thursday trading, driven by political developments and increased demand, a trend that has clouded the price outlook for the coming days.

Sefir Arjan-Economic Group: The gold and foreign exchange market experienced an upward trend in trading on Thursday 23 October 1405 under the influence of the increase in the exchange rate, the growth of the global ounce of gold and concerns about the political developments in the coming days. At the same time as the price of dollar and euro increased, the price of gold and coins also increased in the domestic market.

The price of the dollar in today's transactions has increased by four thousand tomans compared to the previous day, until the moment of writing this report, it has reached the figure of 265 thousand tomans. The American bill started its upward path yesterday and entered the 26th Corridor, and continued this path with more strength today.

Several factors have contributed to this increase. Traders are worried about political developments in the coming days, and the talks of Iranian and American officials about the possibility of resuming conflicts have fueled these concerns and increased demand in the market. Besides that, the situation of the Strait of Hormuz and the news of the imminent American attack have inflamed the psychological atmosphere of the market even more.

In such a situation, as the weekend holidays approached, the traders started to cover the risk and turned to buying foreign currency to avoid possible developments during the holidays. This cautious behavior increased the demand pressure and fueled the price growth.

On the other side of the market, the euro was traded at 298 thousand tomans with an increase of 6 thousand tomans compared to the previous day and started an upward trend along with the dollar.

Economic analysts believe that until a clear picture of the fate of political tensions is drawn, the currency market will remain within these limits with significant fluctuations, and any new news can change the course of prices. According to experts, in the current situation, political developments are still the most important variable affecting the exchange rate, and the market is more sensitive to news and political signals than reacting to fundamental economic variables.

The price of gold and coins today, Thursday, 23 Mehr 1405

The price of gold and coins today, Thursday 23 October 1405, continues the upward trend of the previous day, moving in an upward direction. The simultaneous growth of the global ounce of gold and the price of the dollar has sent two increasing signals to the domestic market and has provided the basis for the growth of prices in the gold market.

The price of gold and coins has increased today, Thursday 23 October 1405, continuing the increasing trend of the previous day. The increase in the price of the dollar in the domestic market, at the same time as the growth of the global ounce of gold, supports the prices and has provided the ground for the increase in the price of gold and coins.

The global ounce of gold has reached $4155 in today's trading. In a report, Reuters also cited concerns about the direction of the Federal Reserve's monetary policy and the possibility of an increase in interest rates in the United States as factors influencing the increase in gold prices.

In the domestic market, the dollar has increased by four thousand tomans compared to the last cash transactions of the previous day and has reached 265 thousand tomans. Accompanying the growth of the exchange rate with the increase in the price of the global ounce sends a bullish signal to the gold and coin market.

The price of the coin grew in all parts

The price of the coin today has increased in all parts. The price of Imami coin has increased by two million and 600 thousand tomans compared to the previous day's transactions, with the amount of 269 million and 500 thousand tomans, announced by Tehran Gold and Jewelry Association.

Bahar Azadi coin also increased by two million and 300 thousand tomans, reaching the figure of 258 million and 800 thousand tomans. With an increase of one million and 300 thousand tomans, the half coin has reached the figure of 142 million tomans.

A quarter of a coin is traded at 77.500 thousand tomans with an increase of one million and 900 thousand tomans. With an increase of one million tomans, the gram coin has reached the figure of 38 million tomans.

The price of gold has reopened today in an upward trend. According to the prices announced on the website of the Tehran Gold and Jewelry Association, the gold shekel increased by one million and 220 thousand tomans, reaching 113 million and 880 thousand tomans.

18 carat gold is also traded at 26 million and 290 thousand tomans, which shows an increase of about 290 thousand tomans compared to the approximate price of 26 million tomans the previous day.