currency rates - page 2

EghtesadOnline: After unexpected gains in currency rates over the past week, the market returned to stability on Thursday. On the last trading day of the Iranian week, the US dollar dropped below the psychological resistance level of 110,000 rials after having approached 120,000 rials a day earlier.

EghtesadOnline: Following the slump in currency rates , the gold coin has also dropped in value in recent weeks to reach the lowest point in the past four months.

EghtesadOnline: Gold prices in Tehran fell 10% during the week to November 29 following the drop in foreign exchange rates. Mohammad Kashtiaray, president of the Special Gold and Jewelry Commission of the Iran Chamber of Guilds said. The decline came as international prices for the yellow metal remained volatile.

EghtesadOnline: Gold prices are relatively stable according to the head of Iran’s Specialized Gold and Jewelry Commission. Speaking on state TV, Mohammad Keshti-Aray said the clam is due the decline in the international price and demand for the yellow metal and currency rates .