Gold Price Today in Iran in Iranian Rial (IRR)

Friday, 11 October 2024, 2:39 PM

111,644,562.33 Iranian Rial/Ounce
Live
2,652.52 U.S. Dollar/Ounce
Gold price in Iran Ounce Gram
24K 22K 21K 18K 14K
Gold ounce price in Iran is 111,644,562.33 Iranian Rial per ounce, Gold gram price is 3,589,857.31 Iranian Rial per gram karat 24, 3,290,702.53 Iranian Rial per gram karat 22, 3,141,125.15 Iranian Rial per gram karat 21, 2,692,392.98 Iranian Rial per gram karat 18.

Gold Price in Iran in Iranian Rial

Gold Unit Iranian Rial U.S. Dollar
Gold Ounce 111,644,562.33 2,652.52
Gold Gram Karat 24k 3,589,857.31 85.29
Gold Gram Karat 22k 3,288,309.30 78.13
Gold Gram Karat 21k 3,141,125.15 74.63
Gold Gram Karat 18k 2,692,392.98 63.97
Gold Gram Karat 14k 2,100,066.53 49.89
Gold Gram Karat 12k 1,794,928.65 42.65
Gold Gram Karat 10k 1,496,970.50 35.57
Gold Gram Karat 9k 1,346,196.49 31.98
Gold Gram Karat 8k 1,195,422.48 28.40

Gold Karats Commonly Used in Iran

In Iran, the most commonly used gold karats are 18K, 24K, and 14K, reflecting both cultural preferences and market demands. 18K gold is the most popular choice, consisting of 75% gold and 25% other metals, which enhances its durability while retaining a rich golden hue. This balance makes it ideal for a variety of jewelry items, including rings, necklaces, and bracelets.

24K gold, or pure gold, is also widely favored, especially for investment purposes and traditional jewelry. With its 100% gold composition, 24K gold is prized for its bright yellow color and value. However, its softness limits its use for everyday jewelry due to susceptibility to scratches and dents.

14K gold, containing 58.3% gold, is less common but still found in some jewelry. It offers a good compromise between affordability and durability, making it suitable for casual wear. Overall, while 24K and 18K are prevalent for traditional and luxury items, 14K remains a less frequently chosen option in the Iranian market.

Gold Price Chart in Iran

How Gold Price is Determined in Iran

The price of gold in Iran is influenced by multiple factors, leading to fluctuations in its market value. One of the primary determinants is the global gold price, which is set in international markets and serves as a benchmark. As Iran engages in trade globally, any changes in the international price directly impact local prices.

Additionally, local demand and supply play a crucial role. In times of economic uncertainty or inflation, Iranians often turn to gold as a safe-haven asset, increasing demand. Conversely, if demand decreases due to economic stability or other investment opportunities, prices may drop.

Moreover, currency value has a significant effect. The Iranian rial’s strength relative to major currencies, particularly the US dollar, can cause gold prices to rise or fall. If the rial weakens, gold becomes more expensive for local buyers.

Government policies, such as import regulations and taxation, can also affect gold prices in Iran. Restrictions on imports may lead to limited availability, thereby increasing prices. Overall, the interplay of these factors contributes to the dynamic landscape of gold pricing in Iran.

Price of Gold Bullion in Iran in Iranian Rial

  • The price of gold bullion 5 grams 24K in Iran: 17,949,286.55 Iranian Rial
  • The price of gold bullion 10 grams 24K in Iran: 35,898,573.10 Iranian Rial
  • The price of gold bullion 20 grams 24K in Iran: 71,797,146.20 Iranian Rial
  • The price of gold bullion 50 grams 24K in Iran: 179,492,865.49 Iranian Rial
  • The price of gold bullion 100 grams 24K in Iran: 358,985,730.98 Iranian Rial
  • The price of gold bullion 250 grams 24K in Iran: 897,464,327.45 Iranian Rial
  • The price of gold bullion 500 grams 24K in Iran: 1,794,928,654.89 Iranian Rial
  • The price of gold bullion 1000 grams 24K in Iran: 3,589,857,309.78 Iranian Rial

Predictions for Gold Prices in Iran

The gold market in Iran has been facing significant fluctuations influenced by various economic factors, including inflation, currency devaluation, and geopolitical tensions. Experts predict that the price of gold in Iran may continue to rise due to the ongoing depreciation of the Iranian rial and the persistent inflationary pressures affecting the economy.

Recently, analysts have observed that as the national currency weakens, many Iranians are turning to gold as a safe-haven asset. This shift contributes to increased demand, driving up gold prices further. In the short term, gold prices may see volatility; however, the long-term outlook remains bullish. Economic sanctions and political instability are likely to sustain high levels of uncertainty, prompting more investors to seek refuge in gold.

In addition, the global gold market trends—particularly in relation to the U.S. dollar and international interest rates—will play a crucial role in determining gold prices in Iran. The overall assessment suggests that while temporary dips may occur, the underlying trend is expected to be an upward trajectory towards the end of 2024.

Gold price in Iran in October 2024 in Iranian Rial

Date Gold Ounce Gold Gram Karat 24 Gold Gram Karat 22 Gold Gram Karat 21 Gold Gram Karat 18 Gold Gram Karat 14
10 October 2024 109,889,032.23 3,533,409.40 3,238,698.27 3,091,112.02 2,649,205.21 2,061,707.92
9 October 2024 110,209,424.56 3,543,711.40 3,248,141.01 3,100,124.46 2,656,929.23 2,067,719.03
8 October 2024 111,342,593.48 3,580,147.70 3,281,538.27 3,131,999.82 2,684,247.67 2,088,979.24
7 October 2024 111,388,889.77 3,581,636.33 3,282,902.73 3,133,302.10 2,685,363.78 2,089,847.84
6 October 2024 111,684,353.28 3,591,136.76 3,291,610.77 3,141,613.31 2,692,486.82 2,095,391.24
5 October 2024 111,684,353.28 3,591,136.76 3,291,610.77 3,141,613.31 2,692,486.82 2,095,391.24
4 October 2024 112,233,332.36 3,608,788.82 3,307,790.52 3,157,055.76 2,705,721.61 2,105,691.04
3 October 2024 111,671,090.68 3,590,710.31 3,291,219.88 3,141,240.24 2,692,167.08 2,095,142.41
2 October 2024 111,637,934.18 3,589,644.19 3,290,242.68 3,140,307.57 2,691,367.75 2,094,520.34
1 October 2024 111,081,792.84 3,571,761.83 3,273,851.84 3,124,663.65 2,677,960.29 2,084,086.17
30 September 2024 111,981,379.74 3,600,687.45 3,300,364.86 3,149,968.49 2,699,647.53 2,100,963.97
29 September 2024 111,684,353.28 3,591,136.76 3,291,610.77 3,141,613.31 2,692,486.82 2,095,391.24
28 September 2024 111,684,353.28 3,591,136.76 3,291,610.77 3,141,613.31 2,692,486.82 2,095,391.24
27 September 2024 112,580,215.21 3,619,942.61 3,318,014.01 3,166,813.37 2,714,084.26 2,112,199.16
26 September 2024 111,981,379.74 3,600,687.45 3,300,364.86 3,149,968.49 2,699,647.53 2,100,963.97
25 September 2024 111,948,135.06 3,599,618.49 3,299,385.06 3,149,033.34 2,698,846.07 2,100,340.25
24 September 2024 111,062,003.93 3,571,125.53 3,273,268.61 3,124,107.00 2,677,483.22 2,083,714.90
23 September 2024 110,479,005.31 3,552,379.59 3,256,086.22 3,107,707.60 2,663,428.29 2,072,776.84
22 September 2024 110,479,005.31 3,552,379.59 3,256,086.22 3,107,707.60 2,663,428.29 2,072,776.84
21 September 2024 110,479,005.31 3,552,379.59 3,256,086.22 3,107,707.60 2,663,428.29 2,072,776.84
20 September 2024 109,047,927.54 3,506,364.23 3,213,908.86 3,067,452.25 2,628,927.86 2,045,927.35
19 September 2024 107,961,538.17 3,471,432.10 3,181,890.31 3,036,892.78 2,602,737.18 2,025,544.81
18 September 2024 107,929,486.89 3,470,401.51 3,180,945.68 3,035,991.19 2,601,964.49 2,024,943.47
17 September 2024 108,518,045.20 3,489,326.21 3,198,291.93 3,052,546.98 2,616,153.45 2,035,985.84
16 September 2024 108,766,147.81 3,497,303.79 3,205,604.12 3,059,525.96 2,622,134.71 2,040,640.67
15 September 2024 108,766,147.81 3,497,303.79 3,205,604.12 3,059,525.96 2,622,134.71 2,040,640.67
14 September 2024 108,766,147.81 3,497,303.79 3,205,604.12 3,059,525.96 2,622,134.71 2,040,640.67
13 September 2024 108,239,076.37 3,480,356.15 3,190,070.04 3,044,699.76 2,609,428.07 2,030,751.90
12 September 2024 106,057,935.54 3,410,223.01 3,125,786.49 2,983,345.58 2,556,845.12 1,989,829.94
11 September 2024 106,026,449.39 3,409,210.59 3,124,858.51 2,982,459.90 2,556,086.05 1,989,239.20

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