Gold and Coin Price Forecast for Thursday, 23 Mehr 1405: Will the Uptrend Continue or Turn?

After several days of volatility, the gold and coin market has once again taken a new direction. Now the question is what fate exchange rate changes and global market developments will bring to Thursday's trading.

After several days of fluctuations, the gold and coin market is once again on a new path; Now we have to see what fate the exchange rate changes and global market developments will have for Thursday's transactions.

Sefir Arjan-Economic Group: The price of gold and coins on Wednesday, 22 Mehr 1405, after a few days of retreat, was once again on the upward path on Wednesday. The increase in the price of the dollar and the return of the American bill to the channel of 260 thousand tomans was the most important factor in strengthening the prices in the domestic market. In the meantime, the Emami coin climbed to the channel of 267 million tomans and the price of 18 karat gold also entered the channel of 26 million tomans.

This growth occurred in a situation where the global ounce of gold, contrary to the domestic market, had a downward trend and was traded in the range of $4086.

Economic experts believe that the gold market will continue to fluctuate in Thursday's transactions, considering the growth of the dollar price and the return of gold and coin prices to higher channels. They say that if the dollar price remains in the current range and cautious demand is strengthened by political news, prices are likely to remain at higher levels and gold and coins could experience bullish volatility.

On the other hand, if the dollar pulls back from Wednesday's growth, the drop in the global ounce could also put additional pressure on the domestic market. In this scenario, part of the recent price increase may be moderated; Especially if the buying demand in the coin market decreases.

According to the announcement of Tehran Gold and Jewelry Union, the price of Emami coin was traded at 266 million 900 tomans and Bahar Azadi coin was traded at 256 million 500 thousand tomans.

On Wednesday, Mehr 22, 1405, half a coin and a quarter coin were traded at the price of 140,700,000 Tomans and 75,600,000 Tomans, respectively.

The gold shekel was traded on Wednesday with the amount of 112 million and 660 thousand tomans. Each gram of 18 carat gold was traded in the range of 26 million tomans.

The gold and coin market ended the trading session on Wednesday with a decrease, as the behavior of the dollar and the global ounce of gold can determine the direction of the prices in the trading session on Thursday.

Today, Wednesday, 18 September 1405, the gold and coin market once again witnessed historical prices. The increase in the dollar rate in the open market and the growth in demand for safe assets have affected the gold and coin transactions and brought the price of many pieces of coins and 18 carat gold to new levels.

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.