Evening Overview
The Tehran foreign exchange desk reported a modest rise in the US dollar price at the close of the evening session on May 4, 2026. The sell rate settled at 189,300 toman per USD, a slight uptick from earlier in the day, while the buy rate was 188,180 toman. The euro held at 221,800 toman, and the British pound remained strong at 256,750 toman. Regional currencies such as the AED and TRY also showed stability, indicating a balanced demand for foreign cash amid ongoing sanctions pressures.
Currency Details
- USD: Sell 189,300 toman • Buy 188,180 toman
- EUR: Sell 221,800 toman
- GBP: Sell 256,750 toman
- AED: Sell 52,200 toman
- TRY: Sell 4,185 toman
Gold and Coin Market
Gold continued its upward trajectory, with the Emami coin reaching 205,000,000 toman per unit, the highest level this week. The Azadi coin followed at 202,000,000 toman, while the Nim Seke stayed at 107,000,000 toman. The 18‑karat gold price per gram was quoted at 21,268,294 toman, and the international gold ounce price stayed at $4,577.90. The surge in local gold prices underscores investors’ preference for tangible assets as a hedge against inflation and currency volatility.
Cryptocurrency Snapshot
On the crypto front, Bitcoin (BTC) was priced at $79,320, showing a marginal gain from the previous session. Ethereum (ETH) traded at $2,350.07, and the USDT stablecoin was quoted locally at 18,903 toman. Despite regulatory uncertainties, the crypto market remains active, with traders using USDT as a bridge between global crypto valuations and the Iranian toman.
Outlook
Analysts expect the rial to remain under pressure as sanctions linger, but the modest dollar rise and strong gold demand could stabilize short‑term volatility. Crypto participants are likely to keep monitoring the USDT rate for arbitrage opportunities, while gold investors may continue to drive the Emami coin higher if inflation expectations persist. Keep an eye on official central bank interventions, which could shift the balance in the coming days.