Gold market expert: the price of gold is relatively stable right now
Taking a tax from gold transactions had the effect of reducing purchases.
Raising the interest rate was the correct policy of the central bank.
Ali Agili, an expert on the gold market and foreign exchange, explained in an interview to Jamran's economic reporter the reasons for the drop in the price of gold in the local market and the drop in the global ounce, the drop in the dollar exchange rate, the reduction of political tensions and the drop in local demand as the factors affecting this trend on the interest rate trend and the restrictions on bank transfers, and he said: the other factors affecting the decrease in the attractiveness of investing in the gold market.
In the past, to buy gold, people could deposit the desired amount into the account of a money changer, gold seller or even a third party account and in return receive the purchased gold, especially molten gold.
Now, due to the placement of bank accounts by way of supervision and control of the central bank, people who buy gold and intend to sell it, may face the issue of capital gains tax when selling.
One of the reasons that caused a certain decrease in the large investments in the gold market is the same issue and the concerns related to the tax on capital gains in gold transactions./Jamaran.