Gold and Coin Prices Today, 22 Mehr: Quarter Coin, Today's Market Bomb!

Just one day after a major correction, the market today rose across all small coin and raw gold categories, showing that the price floor in the current range is defensible. However, the key point is that this growth comes after the correction and does not yet mark the start of a new upward wave.

The price of gold and coins today, Wednesday, October 22, 1405, after a day of correction, started its upward path again; So that the Imami coin rose from 258 million to 262 million 400 thousand tomans and the 18 carat gold gram also recorded the figure of 25 million 963 thousand 802 tomans, but this return occurs while the world price of gold has fallen back from $4189 yesterday to $4147, and the growth of the domestic market today is independent of the world price and is more influenced by internal demand and inflationary expectations.

The price of Imami coin (new design) was 258,000,000 Tomans yesterday, but today it reached 262,400,000 Tomans, and the price of 18-carat gold was 25,606,000 Tomans, but today it reached 25,963,802 Tomans, and each gram of 24-carat gold remained constant at 34,618,402 Tomans. The price of each shekel of molten gold was 110,920,000 tomans yesterday, and today it was priced at 112,470,000 tomans.

The price of Bahar Azadi coin (new design) was 258,000,000 Tomans yesterday, while today it was 255,500,000 Tomans, and the price of Bahar Azadi coin (old design) was 252,500,000 Tomans yesterday and today it is 255,500,000 Tomans. Also, the price of the half coin yesterday was 137,500,000 Tomans, but today it reached 139,100,000 Tomans. But the price of a quarter of a coin yesterday was 72,000,000 Tomans, while today it reached 74,500,000 Tomans and it has the highest price increase among coins.

Also, the one gram coin was 35,000,000 Tomans yesterday and today it reached 36,000,000 Tomans and recorded the highest price increase after the quarter of a coin. Also, the global price of gold was 4189 dollars yesterday, and contrary to the rising trend of coins, it started falling and today it reached 10.4147 dollars.

The highest growth today belongs to the quarter coin, which reached from 72 million to 74 million 500 thousand tomans, and after that, the one-gram coin rose to 36 million tomans with a growth of 2.86%, but the growth of light weight coins is usually a sign of the entry of small capital into the market or an increase in speculative demand in times of low liquidity.

But today's market depicted the contrast between the domestic and global path, so that the world gold price decreased by 1% to $10.4147, which was the lowest level in the last two days, but on the opposite side, almost all parts

The coin was bullish, which seems to be due to the jump in the exchange rate in the open market, the increase in inflationary expectations and the growth of physical and seasonal demand.

A clear message for investors!

However, each shekel of melted gold in the market today reached 112 million 470 thousand tomans with a growth of 40.1%, which is in line with the growth of 18 carat gold, and this alignment shows that the real and basic demand in the raw gold market is strong and is not just a short-term speculative jump. has kept the customary range.

But the interesting point is the different behavior of the two designs of Bahar Azadi coin, so that the old design coin reached 19.1% growth from 5.252 to 255.5 million tomans, but the new design coin registered a drop today.

It seems that today's image is the image of a market stabilizing and strengthening domestic demand, unlike yesterday when we saw a wide price correction, but today the market showed that the price floor in the current range is firm and defensible with an upward movement in the small and raw gold sections, but the key point is that this growth occurred after yesterday's correction and it cannot yet be considered the beginning of a new upward wave.

Experience has shown that the best option for consumer and long-term buyers is melted and warm 18 carat gold, because it does not have a significant bubble and is one of the least risky options, but for speculators, considering the expansion of the bubble and the drop in prices, it is not recommended to buy at today's price ceiling, and it is better to wait for a correction and step entry. Also, if liquidity is needed, selling at today's prices seems reasonable; Because there is a risk of deflating the bubble in the coming days.