Rising prices of gold, coins and currency on the first day of summer

The 19 percent increase in the price of an ounce of gold in the last three months has played a positive role in overtaking the dollar. Many see the positive outlook for global gold as well as the possibility of the dollar rising in support of the coin in the summer. Also, the dollar and the euro rose on the first day of summer, according to the exchange rate announcement at the National Exchange.

According to the  Gold Cafe,  on the last day of June, the  price of the  Emami coin increased by 170 thousand Tomans and reached the price of 7 million and 920 thousand Tomans. With this growth, the yield of domestic precious metal reached over 5% in June and 30% in spring. The annual point-to-point growth of the Emami coin was also recorded at about 66 percent.

This happened at a time when small half and quarter coins experienced less growth in all three scales of monthly, seasonal and annual than Emami coins. For example, in the spring of '99, while the coin recorded a 30.4 percent increase, the half coin recorded a 29.6 percent increase, and the price of a quarter coin increased by about 24 percent. Some activists believe that the smaller coins of the bubble were more expensive than the price of the Emami coin, and this factor led to a lower return on it.

In the current situation, a quarter coin is priced at about 2 million and 200 thousand tomans, which is consistent with the price of an Emami coin of 8 million and 800 thousand tomans. As a result, a quarter of a coin is currently trading above the market value of a coin, and this may have reduced the willingness to buy it. This is all the more apparent since the quarter coin has grown by only 34% annually, which is much less than 66% of the total coin growth.

The world economy wrote in a report on the situation of coins: Although the coin market could not reduce its distance from the stock market in the spring, but thanks to the growth of the world price of gold, it was ahead of the dollar. The price of each coin of the new design increased by 1.9 million Tomans in the spring and reached an unprecedented level of 7 million and 920 thousand Tomans on the last working day of this season. The coin rose more than 31.6 percent in the three months that the dollar returned to 18 percent.

The restrictions on the foreign exchange market and the relative freedom of gold trading seem to partly explain the difference in returns between the two markets over the past three months. Of course, the 19 percent increase in the price of an ounce of gold in the last three months also played a positive role in overtaking the dollar. Many see the positive outlook for global gold as well as the possibility of the dollar rising over the summer.

Re-peak ounce

An ounce of global gold  rose another $ 13 (0.7%) last week to $ 1,744. An ounce fell to $ 1,707 early last week; But growing concerns about the dangers of the second corona wave, along with central bank monetary stimulus packages, especially in the United States, Europe and the United Kingdom, helped the precious metal.

The central bank unveiled a € 750 billion monetary package, and the Bank of England announced the purchase of تا 100 billion to میلیارد 150 billion worth of bonds. Inflation in the global market caused Goldman Sachs Bank to increase its forecast for the price of an ounce of gold to $ 2,000 in the next 12 months. Of course, the rise in the number of US unemployment insurance claimants, as well as the new wave of tensions between the US and China, also strengthened the cautious demand for gold.

Currency prices rise on the first day of summer

According to the  Gold Cafe , today, the first Sunday of July, the exchange rate was announced at the National Exchange.

Based on this, the price of the dollar  for sale in the national exchange was announced as 18800 Tomans. These exchanges also buy dollars from people at a price of 18,500 Tomans. The price of the dollar in the Central Bank is 4200 Tomans.

The price of Euro has been announced for sale in the  National Exchange of 20,900 Tomans; The purchase price of Euro in these exchanges is 20,600 Tomans. The price of Euro in the Central Bank is set at 4695 Tomans.