Gold, coin and currency prices today 1399/03/29 | Read from the increase in the price of coins and dollars to the fall of the value of the dollar in the future

The price of the new Azadi spring coin  increased by 100,000 tomans compared to yesterday.

The price of an ounce of gold in world markets reached one thousand and 751 dollars and each gram  of 18-carat gold is traded at 817 thousand and 100 tomans.

 The dollar rose today at the National Exchange.

Dollar and currency prices today

According to the Gold Cafe , the price of  dollars and euros was announced in the exchange office of Bank Melli Iran.

According to the announced rates, the price of the dollar rose today in the  national exchange and the purchase price of the US dollar was announced as 19,195 (nineteen thousand one hundred and ninety-five tomans) and the selling price of the US dollar was 19,295 (nineteen thousand two hundred and ninety-five tomans).

Also, according to the exchange office of Bank Melli Iran, the purchase price of Euro is 21,295 (twenty one thousand two hundred and ninety-five Tomans) and the selling price of Euro is 21,395 (twenty one thousand three hundred and ninety-five Tomans).

Falling dollar value in the future

The bars of gold , quoted by Market Watch, Stephen Roach, a member of the board of Yale University America and former head of Asian investment bank Morgan Stanley, pointed to rising budget deficits, America and reduce its reserves warned the boom dollar America's It is over and the currency will soon lose 35% of its value against its other competitors.

 The economist says that the improvement in China and the separation of the United States from its trading partners will pave the way for a catastrophic decline in the US currency in the next few years, and the US currency as the world's reserve currency will probably end.

"The dollar will fall sharply," he said.

 According to Stephen Roach, the US economy is affected by the Corona virus epidemic, and the US recession in February amid the health crisis will worsen the dollar.

"The US budget deficit is to the detriment of the dollar because of the huge government spending in trying to repair the damage caused by the coronavirus epidemic," he said.

 "Because Beijing is in the process of structural reforms that could transform its production-dependent economy into a service-oriented economy whose growth depends on," he said. Be consumers.

Roach emphasized; It is true that the depreciation of the dollar will benefit US exports in the short run, but it will be problematic in the long run.

The weakness of the dollar affects the capital and stock markets. The Dow Jones Industrial Average fell 0.80 percent and the S500 Index fell 0.56 percent.

 Concerns about the world economy have, as always, led to increased purchases of dollars and other safe-haven currencies because the US economy and currency are thought to be stable.

 But according to Roach, the increase in the US budget deficit will dispel this perception and hit the dollar hard.

The price of coins and gold today

Reuters - Gold prices fell today due to the possibility of positive figures from the eurozone manufacturing sector, but worries about a second corona outbreak kept investors in the gold market attractive and prevented further price declines.

 "We are seeing a drop in profits from the gold market on the eve of the release of the Eurozone Purchasing Managers' Index," said Stephen Ines, an analyst at Oxycorp Financial Services. "Positive statistics can help the economy recover."

Each coin of the new Azadi Spring reached the price of 8 million and 170 thousand Tomans based on the rate of the Tehran Gold, Jewelry and Coin Union.

In this regard, Nader Bazar Afshan, Secretary of the Board of Directors of the Tehran Gold, Jewelry and Coin Union, said: Each coin of the entire Azadi Spring today is priced at 8 million 170 thousand Tomans, half coin 4 million 50 thousand Tomans, quarter coin 2 million 270 thousand Tomans. Tomans and hot coins of 1 million and 200 thousand Tomans were traded.

He stated: Also, the price of each ounce of gold in the world markets reached one thousand and 751 dollars and each gram of 18-carat gold is traded for 817 thousand and 100 tomans.

The Secretary General of the Tehran Gold, Jewelry and Coin Union said: The increase in the global ounce and exchange rate affected the gold and coin market and caused the increase in the price of coins and gold.

The price of the new Azadi spring coin increased by 100,000 tomans compared to yesterday. 

It is worth mentioning that the mentioned prices are based on the rates announced by  the Tehran Gold, Jewelry and Coin Union