Rial gains against dollar, gold slumps

TEHRAN, April 16 (MNA) – The price of gold in Iran significantly dropped on Saturday and Sunday. The decline happened because Iran’s rial gained against the U.S. dollar in open currency markets. The head of the gold and jewel union told on Sunday that the value of the U.S. dollar had fallen to 17,000 rials, which shows about 8 percent decline compared with the previous day. The rise in value of rial was affected by progress in Iran's nuclear talks with major powers in Istanbul on Saturday.