Multi-channel drop in the price of gold and coins loss of 413 thousand tomans of gold.
Last week, global gold lost the important support of $4,000 and fell to the $3,852 range under the influence of higher-than-expected inflation statistics in the US, an increase in Treasury bond yields and the strengthening of the dollar. Although the precious metal recovered some of its losses over the weekend, it is still at levels below $3,900.
18 carat gold began trading on Sunday with a negative gap of 288 thousand tomans at the rate of 24 million and 613 thousand tomans and was on a downward trajectory from the beginning of the day. 18 carat gold finally ended the transactions at the rate of 24 million and 488 thousand tomans.
The Emami coin started trading on Sunday with a negative gap of 2 million 600 thousand tomans at the rate of 251 million 200 thousand tomans, then it was on a downward trajectory as selling pressure continued. Finally, Emami coin finished trading at the rate of 249 million 600 thousand tomans.
Read the details in Akhtaznews.