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Iranian currency Rial gains against dollar, gold slumps

Source: Mehr News Agency

The price of gold in Iran significantly dropped on Saturday and Sunday. The decline happened because Iran's rial gained against the U.S. dollar in open currency markets.

A currency exchange shop in Tehran

The head of the gold and jewel union told the the Mehr News Agency on Sunday that the value of the U.S. dollar had fallen to 17,000 rials, which shows about 8 percent decline compared with the previous day.

The rise in value of rial was affected by progress in Iran's nuclear talks with major powers in Istanbul on Saturday.

... Payvand News - 04/16/12 ... --

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