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Iran's Gold Market Remains Stable Amid Global Price Volatility, Expected 1%-3% Fluctuations: Union Chairman

2026-06-20 06:44:56

According to Iran's Islamic Republic News Agency (IRNA) and Iran's Gold and Jewelry Union Chairman Nader, Iran's domestic gold market prices remained stable on June 20 despite global gold prices rising last week. Domestic prices actually declined slightly, driven by a weaker domestic currency and positive economic developments including recent agreements. These factors offset the impact of global gold price gains. The union chairman expects the market to experience natural fluctuations of 1% to 3% in the coming week, with significant price swings considered unlikely given current conditions.

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