Saffron and gold prices rise on Iran Mercantile Exchange

Commodity trading on the Iran Mercantile Exchange has seen significant price increases for precious metals and saffron. The price of a one-kilogram gold bullion rose by 1.4 percent, exceeding 32 billion tomans. The market value for gold deposit certificates is estimated at approximately 1,022 billion tomans.

Saffron prices have also surged, with some trading symbols reaching or exceeding 300 million tomans per kilogram. Specifically, the ‘Bahraman’ symbol fluctuated between 299,999,000 and 315,000,000 tomans, while other symbols like ‘Sahrkhiz’ and ‘Negin’ traded at 292 million and approximately 280 million tomans, respectively. This marks a substantial increase from the 266 million toman per kilogram price recorded in July.

In other commodities, silver bullion prices rose 1.2 percent to 503,497,000 tomans per kilogram. New design coins reached 239 million tomans, while pistachio prices were recorded at 2,775,000 tomans per kilogram.