Gold Bullion Treasury Value on Iran Mercantile Exchange Tops 1,000 Trillion Tomans as Two New Silver Funds Begin Trading

According to Kalakhabar, the Iran Mercantile Exchange's official news outlet, the market value of gold bullion certificates on the exchange (equal to the gold bullion treasury's value) topped 1,000 trillion tomans for the first time as certificate trading opened on the first day of the week, Saturday, 14 Shahrivar 1405; the exchange's total commodity certificate market value also passed 1,200 trillion tomans the same day. A separate Kalakhabar report said gold funds traded more than 10 billion units worth 93.1 trillion tomans, and silver funds traded 5 billion units worth 6.1 trillion tomans, in the week ending 13 Shahrivar.

The exchange's derivatives and new financial instruments management also announced that secondary trading began for two new silver investment funds, "Toranj 1" under the ticker Yas and "Padash 1" under the ticker Silva, starting Monday, 16 Shahrivar, from 11:45am to 6pm. Per the notice, trading in both funds is available online through licensed brokers, with a daily price band of 10 percent from the prior day's closing price.