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Reuters
Nikoubazl Morteza
The Iranians sell their gold to buy their basic necessities.
Iranians are trying to sell their gold savings to cope with difficult economic conditions stemming from US sanctions and the spread of the Corona virus in the country.
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The gold market in Iran has witnessed a large crowd, since its reopening early last week, when citizens flocked to sell their gold savings, to seek their help in the decline of their economic situation.
According to reports in the Iranian press, citizens take the initiative to sell their jewelry and furniture to guarantee their basic needs, in light of the difficult conditions in which they have been living since the outbreak of the Corunna virus.
The head of the Gold and Jewelery Union in the capital Tehran, Muhammad Kashti, said: “Citizens flocked to gold shops, to sell what they have to secure their lives in these difficult days, or to pay for quotas that have accumulated in recent months, and noted that “goldsmiths currently do not have much liquidity, therefore, they refrain from buying gold from citizens,” adding that “disputes have been registered in front of some stores because their owners they refused to buy gold. “
On the other hand, reports indicated that many wealthy and wealthy people took advantage of the opportunity and began to buy gold, jewelry and stock from the stock market, to preserve the value of their properties and avoid losses in the event of a drop in the price of the property. National currency.
Source: RT
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