The Iranian financial markets began Tuesday, June 2, 2026, with a notable stability in the foreign exchange sector, while gold and cryptocurrency assets demonstrated considerable strength. The US Dollar (USD) was trading at 174,300 Toman for sell and 173,269 Toman for buy, indicating a firm hold at its current levels. Other major currencies also maintained their positions, with the Euro (EUR) at 202,800 Toman and the British Pound (GBP) at 234,550 Toman. The UAE Dirham (AED) was quoted at 47,500 Toman, and the Turkish Lira (TRY) at 3,795 Toman.
The gold and coin market was particularly vibrant this morning. The Emami coin, a key indicator for local investors, surged to an impressive 187,000,000 Toman. Similarly, the Azadi coin was priced at 182,000,000 Toman, and the Nim Seke reached 94,500,000 Toman. The price of 18-karat gold per gram also reflected this upward trend, reaching 18,971,328 Toman. Internationally, the gold ounce stood at 4,527.30 USD, providing a strong global backdrop for the local market's performance.
In the digital asset space, cryptocurrencies continued their bullish run. Bitcoin (BTC) was trading robustly at 70,555 USD, reflecting strong investor confidence in the leading digital currency. Ethereum (ETH) also showed significant gains, priced at 1,990.12 USD. The local price of Tether (USDT) closely mirrored the USD exchange rate, quoted at 174,234 Toman, underscoring its role as a stablecoin peg to the dollar in the Iranian market. This consistent performance across major crypto assets suggests a sustained interest from Iranian investors looking for alternative investment avenues.
Overall, the morning session on Tuesday painted a picture of a resilient market. While the dollar maintained its stability, the significant appreciation in gold and coin prices, alongside the strong showing of cryptocurrencies, points towards a flight to tangible and digital assets. This trend often reflects underlying economic sentiments and investor strategies in response to both domestic and international financial landscapes. Investors are advised to monitor these trends closely throughout the day.