The Iranian market opened on Monday, June 29, 2026, with key currency and commodity prices showing specific movements. The US Dollar (USD) was trading at 174,850 Toman for sell and 173,815 Toman for buy, indicating a stable start to the week for the primary foreign exchange benchmark. Other major currencies also saw their rates set, with the Euro (EUR) at 199,100 Toman, the British Pound (GBP) at 230,850 Toman, and the UAE Dirham (AED) at 47,400 Toman. The Turkish Lira (TRY) was quoted at 3,750 Toman. The stability in the USD rate often influences local market sentiment, impacting various sectors from imports to investment.
In the gold and coin market, the Emami gold coin, a significant indicator for domestic investors, was priced at 173,000,000 Toman. The Azadi coin followed at 168,000,000 Toman, while the Nim Seke stood at 90,000,000 Toman. Gold 18-karat per gram, a common measure for jewelry and smaller investments, was recorded at 17,249,873 Toman. Globally, the price of a gold ounce was 4,046.80 USD, reflecting international trends that often have a ripple effect on local gold prices, adjusted for exchange rates and local demand.
The cryptocurrency market presented a dynamic picture. Bitcoin (BTC), the leading digital asset, was trading at 59,639 USD, nearing the psychological $60,000 threshold. Ethereum (ETH), the second-largest cryptocurrency, was priced at 1,568.80 USD. Notably, Tether (USDT), a stablecoin pegged to the US Dollar, was trading at 172,500 Toman in the local market. This price point for USDT is a crucial reference for Iranian crypto traders, often reflecting the effective Toman value of the US Dollar in the digital asset space, and its slight discount compared to the official USD sell rate can indicate market liquidity or specific trading dynamics.
Investors continue to monitor global economic indicators and geopolitical developments, which play a crucial role in shaping the trajectory of both traditional and digital assets. The interplay between currency stability, gold's safe-haven appeal, and the volatile nature of cryptocurrencies creates a complex landscape for market participants in Iran, requiring careful analysis of both domestic and international factors.