Evening Market Overview (18:00 Tehran)
The Tehran foreign exchange market showed relative stability in the evening session of May 12, 2026. The US dollar’s sell price settled at 183,100 toman, barely moving from the previous session, while the buy price was 182,016 toman. Euro and British pound continued their upward pressure, with the euro at 215,100 toman and the pound at 247,800 toman. Regional currencies such as the AED and TRY also posted modest gains, trading at 49,100 and 4,035 toman respectively.
Gold and Coin Market
Gold remains a preferred hedge against inflation and currency volatility. The Emami gold coin reached 196,500,000 toman, the highest level this week, reflecting strong investor appetite. The Azadi coin lagged slightly at 192,000,000 toman, while the Nim Seke held at 101,000,000 toman. The 18‑karat gold price per gram stayed firm at 20,751,881 toman, and the international gold ounce was priced at $4,684.70, underscoring the global upward trend.
Cryptocurrency Segment
Cryptocurrencies displayed resilience despite the tightening of local regulations. Bitcoin (BTC) closed at $80,642, a modest rise from the previous day, while Ethereum (ETH) was priced at $2,274.26. The stablecoin USDT, quoted in toman, traded at 18,058 toman, offering a convenient bridge for traders moving between fiat and crypto assets.
Market Implications
The steadiness of the US dollar suggests that the Central Bank’s recent interventions are taking effect, limiting further depreciation. Meanwhile, the surge in Emami coin prices indicates that investors are still seeking tangible gold exposure. Crypto’s stable performance may attract younger investors looking for diversification beyond traditional assets.
Outlook
Analysts expect the dollar to remain within a narrow band of 182,000‑184,000 toman unless there is a sudden shift in oil revenues or sanctions policy. Gold prices are likely to stay elevated as geopolitical uncertainties persist, and Bitcoin could test the $81,000 resistance level in the coming days. Monitoring the Central Bank’s policy announcements will be crucial for short‑term market direction.