Iran’s gold jewellery demand climbed to a four-year high in the first quarter, as the rest of the Middle East was hurt by low oil prices. An improving economy helped Iran’s jewellery demand climb 27 % from a year earlier to 12.9 metric tons in the first three months this year, the World Gold Council said in a report on 4th May. Iran’s gold bar and coin demand was 3.7 tons, the most for the region, compared with sales of 0.3 ton.
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