Iran Exchange Center sells 24 kg of gold bars at its 11th bullion auction on Tuesday

The 11th standard gold-bar auction of the year 1405 was held on Tuesday, 21 July (30 Tir), from 14:00 to 17:00 on the trading floor of the Iran Exchange Center. According to the exchange, 24 kg of the 26 kg of bars offered at the session were bought, for a total value of about 581.59 billion tomans.

The average price per bar in this auction was recorded at 24.23 billion tomans. Including Tuesday's session, the total gold sold across the eleven auctions held so far in 1405 has reached 599 kg, worth roughly 15,000 billion tomans. The bullion auctions are one of the Iran Exchange Center's tools for meeting investment demand in the gold market.