Thursday, 10th June 2004 (2696 views)

An Iranian gold exporter has been commenting on the precious metal's progress in Iran.

Ali Talakar claims that from March 20 2003 to March 19 2004 $30 million worth of gold was exported from Iran.

Speaking to the Mehr News Agency, Mr Talakar revealed that each day 5,000 kilograms of gold is used in the country, imported by smugglers or through informal gateways.

Concerns were raised as to Iran's performance against other countries though, with competitors including Singapore, Turkey, Malaysia and Italy.

Iran has high quality gold products and high expertise, however the issue is with a lack of sponsoring for the industry.

 

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