The Tehran market opened on a steady note this Friday, May 29, 2026, with the US dollar (USD) quoted at 172,600 Toman on the sell side and 171,579 Toman on the buy side. The euro (EUR) held at 200,900 Toman, while the British pound (GBP) was priced at 231,850 Toman. Regional currencies such as the United Arab Emirates dirham (AED) and Turkish lira (TRY) were listed at 47,600 Toman and 3,760 Toman respectively, indicating modest fluctuations across the board.
In the precious metals segment, the Emami gold coin—a benchmark for Iranian investors—reached 184,000,000 Toman, edging higher from previous sessions. The Azadi coin followed at 178,000,000 Toman, and the Nim Seke stood at 94,000,000 Toman. Pure 18‑karat gold was priced at 18,841,128 Toman per gram, while the international gold ounce was quoted at $4,509.90, reflecting the continued impact of global commodity trends on the local market.
Cryptocurrency activity remained robust despite regulatory constraints. Bitcoin (BTC) traded at $73,421, and Ethereum (ETH) hovered around $2,007.03. The stablecoin USDT was listed at 172,991 Toman, closely mirroring the official USD sell rate, which suggests a growing preference for dollar‑pegged digital assets among Iranian traders.
Analysts note that the USD’s relative stability is supported by steady oil revenues and limited foreign exchange inflows. However, any shift in sanctions policy or a sudden change in oil prices could quickly alter the dynamics, especially for the gold market where investors often seek a hedge against currency volatility.
Looking ahead, market participants should monitor the Central Bank’s interventions, upcoming economic data releases, and global crypto price movements. A balanced portfolio that includes foreign currency, gold, and a modest exposure to leading cryptocurrencies may help mitigate short‑term risks while positioning for potential upside in the latter half of the year.