At 09:00 Tehran time, the Iranian foreign exchange market showed a modest uptick. The US dollar’s sell price settled at 171,450 Toman, while the buy side lingered at 170,435 Toman, indicating a narrow spread that suggests stable liquidity. The euro and pound also posted higher sell rates, with the euro at 200,750 Toman and the pound at 231,700 Toman, reflecting broader regional currency pressures.
Gold and Coin MarketGold prices continued their upward trajectory, driven by both domestic demand and the weakening of the rial. The Emami coin, a benchmark for investors, climbed to 195,000,000 Toman per unit, up from the previous session. The Azadi coin followed at 184,000,000 Toman, while the Nim Seke stayed near 99,000,000 Toman. The 18‑karat gold price per gram reached 19,078,212 Toman, and the international gold ounce was quoted at $4,596.60, reinforcing the premium Iranian investors pay for precious metals.
Cryptocurrency CornerOn the crypto front, Bitcoin (BTC) was priced at $77,264, a modest rise that kept it above the $75,000 threshold that many local traders consider a psychological support level. Ethereum (ETH) traded at $2,326.30, and the USDT stablecoin was listed at 17,000 Toman, providing a bridge for those converting between fiat and digital assets. The crypto market’s resilience hints at growing appetite for alternative stores of value amid currency volatility.
Implications for InvestorsThe simultaneous rise in USD, gold, and Bitcoin suggests that Iranian investors are hedging against inflation and potential policy shifts. While the rial’s depreciation fuels demand for hard assets, the narrow FX spreads indicate that the Central Bank’s interventions are still effective in containing extreme volatility. Market participants should monitor upcoming economic data releases and any central bank announcements for further direction.