Gold Prices Slip Across Iranian Markets at Wednesday's Close

TEHRAN, Nov 12 (OPA) — Domestic gold prices closed lower on Wednesday in Tehran as international markets retreated. The Tehran Gold and Jewelry Union recorded a modest dip across multiple grades of the precious metal by the end of the trading day.

According to market data released by the union, 18-karat gold settled at 24,996,000 tomans per gram, marking a decrease of 31,000 tomans. Meanwhile, the traditional market benchmark of a mesghal of gold fell by 134,000 tomans to stand at 108,280,000 tomans at the close.

Broader precious metal categories mirrored the downward trend. Pure 24-karat gold dropped by 41,000 tomans to reach 33,325,000 tomans per gram. International spot prices also faced downward pressure, with an ounce of gold shedding 151 dollars to trade at 3,873 dollars.

Market analysts continue to monitor global currency fluctuations and regional demand patterns as traders assess upcoming economic indicators. Domestic pricing remains directly tied to shifts in international bullion values and foreign exchange rates within the Iranian market.