The Iranian financial markets opened on Thursday, July 2, 2026, with a keen focus on currency fluctuations and precious metals. The US Dollar (USD) was trading at 174,050 Toman for sell and 173,020 Toman for buy, indicating a stable yet closely watched start to the day. Other major currencies also saw activity, with the Euro (EUR) at 198,100 Toman, the British Pound (GBP) at 231,200 Toman, and the UAE Dirham (AED) at 48,200 Toman. The Turkish Lira (TRY) was quoted at 3,725 Toman, reflecting regional economic dynamics.
In the gold and coin market, the Emami coin remained a significant benchmark, priced at 174,500,000 Toman. This figure underscores the continued appeal of physical gold as a store of value amidst economic uncertainties. The Azadi coin followed at 170,000,000 Toman, while the Nim Seke was available for 90,500,000 Toman. For those interested in smaller denominations, 18-karat gold was priced at 17,203,010 Toman per gram. Globally, the gold ounce was valued at $4,059.90, influencing local sentiment.
The cryptocurrency market presented a mixed picture. Bitcoin (BTC), the leading digital asset, was trading at $60,670, showing some consolidation after recent movements. Ethereum (ETH) followed suit, priced at $1,630.42. A key indicator for local traders, Tether (USDT), was exchanging hands at 175,800 Toman, slightly above the direct USD rate, reflecting demand for stablecoins within the Iranian market.
Market participants are closely monitoring global economic indicators and geopolitical developments, which continue to exert influence on local prices. The interplay between international commodity prices, particularly gold, and domestic currency valuations remains a critical factor for investors. The morning session suggests a market in a holding pattern, with no dramatic shifts but consistent activity across all major segments.