Shahre Bours- the Central Bank of Iran commenced the first phase of physical delivery of pre-sold gold coins on Wednesday, May 31, 2024. These coins, part of a pre-sale conducted on March 1, 2025, at fixed prices through the Iran Currency and Gold Exchange Center, mark a significant step in the bank’s efforts to manage gold market dynamics.
Pricing and Payment Details
In this phase, buyers purchased full coins at 65.7 million tomans, half coins at 36.85 million tomans, and quarter coins at 18.5 million tomans. Buyers are required to visit designated bank branches and pay a delivery fee of 300,000 rials per coin to collect their purchases.
The delivery window spans seven working days from the due date. For those collecting coins between 7 and 14 working days after the due date, an additional daily storage fee of 500,000 rials per coin applies, including holidays. This ensures timely collection while covering operational costs for the bank.
Delivery Schedule and Scale
The Central Bank reported that over 736,000 coins were sold under this pre-sale scheme. Deliveries are scheduled across seven specific dates to ensure an organized process:
May 31, 2024
June 20, 2024
July 21, 2024
August 20, 2024
September 21, 2024
October 21, 2024
November 18, 2024
Guidance for Buyers
Buyers can access detailed delivery conditions on the Iran Currency and Gold Exchange Center’s official website. They are advised to follow the guidelines and visit their selected bank branches as per the auction system to complete the collection process efficiently.
This initiative reflects the Central Bank’s strategy to stabilize the gold market while offering investors predictable pricing and delivery timelines. Social media posts on X indicate strong public engagement, with some buyers reporting successful collections and potential early deliveries for subsequent phases.
Source: Tasnim
