The surge in demand for gold has driven up coin prices to as much as 30% above their intrinsic value with a number of factors contributing to the inflated gold coin price bubble within the Tehran market. How trading worksEach gold coin minted by the Central Bank of Iran weighs 8.13598 grams and is made of 22-karat gold. However, each ounce of gold, which reached a historic high of $2737 (€2528) on Monday is equivalent to 31.103 grams of 24-karat gold. Therefore, each gold coin minted by the Central Bank of Iran is equivalent to 0.2354472 ounces of 24-karat gold. So, based on yesterday’s gold p…