Saturday, 26 April , 2025
Iran’s Gold Archives - Iran News Daily
Iran’s Gold Industry Faces 30% Production Drop 10 Mar 2025

Iran’s Gold Industry Faces 30% Production Drop

TEHRAN - Nader Bazrafshan, President of the Tehran Gold and Jewelry Union, revealed in an interview with ILNA that Iran’s gold production has declined by 20 to 30 percent this year due to a combination of rising global and domestic gold prices, inflation, and reduced purchasing power among the public. He contrasted Iran’s meager gold exports of just 875 kilograms with Turkey’s impressive 700 tons exported between 2022 and 2024, attributing Turkey’s success to substantial government investment in the sector.