There are currently massive protests going on in Iran against the government. The effect of ongoing political instability in the country and global political tension is clearly visible on the prices of gold and silver. Amidst the boom in the international market, investors are turning to precious metals as a safe option. In such a situation, the question also arises that how expensive is gold and silver in Iran and can gold be brought to India from there.

What is the price of silver in Iran?

According to gold broker data, the price of 1 gram of silver in Iran is 3,026,374 Iranian Rial. The rate of 1 kg silver has been recorded at 3,026,374,915 Iranian Rial. At first glance this amount seems very high, but the Iranian currency is very weak compared to the Indian rupee. At present, 1 Indian Rupee is equal to approximately 458.05 Iranian Rial. According to this, the price of 1 kg of silver in Iran in Indian currency is approximately Rs 66,07,151.45, while 1 gram of silver is approximately Rs 6,607.15. If we compare, at present the price of 1 kg silver in India is around Rs 3,50,000.

What is the price of gold in Iran?

The price of 1 gram of gold in Iran is 183,204,921 Iranian Rial which is approximately equal to Rs 3,20,728.11 in Indian Rupee. At present the price of 24 carat 10 gram gold in India is Rs 1,75,340. From these figures, in terms of rupees, gold and silver in Iran are slightly cheaper than in India. According to media reports, the prices of gold and silver are continuously reaching record levels in the international market. The main reason for this is said to be the weakening of the American dollar. Apart from this, the statements made by the US Justice Department regarding the Federal Reserve have also increased the pressure in the market. At the same time, due to anti-government protests in Iran, political tension has deepened, due to which the demand for gold and silver as a safe investment has increased.

Can India bring gold from Iran or abroad?

According to the customs rules of India, there is a fixed limit for bringing gold from abroad. Any male passenger can bring 20 grams and female passenger 40 grams of gold without any custom duty. At the same time, children below 15 years of age are also allowed to bring 40 grams of gold. But for this it is necessary to give certificate of relation. The Central Board of Indirect Taxes and Customs has set rules regarding the import of gold. Gold beyond the prescribed limit can also be brought by paying a fee. According to the Passport Act 1967, Indian citizens can bring gold in the form of jewellery, coins and ingots. However, the condition remains that it is necessary to follow custom rules.