Mohammad Keshti-Arai

EghtesadOnline: Annual production of gold in Iran has declined by two-thirds from 180 tons in the fiscal 2011-12 to 60 tons in 2016-17, mostly due to the 9% value added tax imposed on gold and jewelry sales and a change in people’s preferences, the head of Tehran Gold and Jewelry Union said.

EghtesadOnline: Elections can disturb the gold market, but it has not witnessed any fluctuations so far, said the head of Tehran Gold and Jewelry Union.