Gold leasing alert: Iran warns savers of high-risk schemes

Iran’s Gold and Jewelry Union in Kermanshah warns the public against gold-leasing deals where owners hand over their gold to jewelers in exchange for regular payments, saying these arrangements carry a high risk of loss since the gold can be used by the jeweler and may not be returned; people should secure strong documentation and deal only with licensed jewelers, and avoid online or melted‑gold purchases amid the country’s inflation and sanctions‑driven economic strain.