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Iranians Turn to Gold Amid Inflation and Sanctions

12/4/2025

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Story summary
  • In Tehran, rising inflation and international sanctions push Iranians to invest in gold as a hedge.
  • Traders report unprecedented demand for gold, with some selling large quantities to ordinary citizens.
  • The rial's decline prompts Behzad Rashvand to convert savings into gold for protection.
  • Wealthier families are turning to diamonds and small silver bars as alternatives.
  • Many Iranians regret real estate investments, believing gold has been more stable amid turbulence.