Iranians go for gold amid inflation and currency fears

(Reuters) – Leafing through an old family photo album, 74-year-old Molook Amini wished she could afford to buy a gold coin as a wedding gift for her youngest grandchild as did for others.

“It was always a tradition to give gold coins to close family members on special occasions. This year for the first time I cannot afford to do it anymore.”

Whether for wedding gifts or as a way to squirrel away savings, Iranians have a long history of buying gold coins, widely available from dealers in high street shops and bazaars. But recently, what was a steady demand has become a gold rush.

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