The Iranian market opened on Wednesday, July 8, 2026, with a relatively stable outlook across major asset classes. The US Dollar (USD) continued its trading activity, with the sell rate recorded at 175,800 Toman and the buy rate at 174,760 Toman. Other major currencies also saw consistent pricing, with the Euro (EUR) selling at 200,700 Toman, the British Pound (GBP) at 234,800 Toman, and the UAE Dirham (AED) at 48,000 Toman. The Turkish Lira (TRY) was observed at 3,750 Toman, reflecting the broader currency market's current state.
In the gold and coin market, prices remained robust. The Emami coin, a key indicator for domestic investors, was priced at 179,000,000 Toman. The Azadi coin followed closely at 174,000,000 Toman, while the Nim Seke traded at 94,000,000 Toman. Gold 18-karat per gram, a common measure for jewelry, reached 17,637,010 Toman. Globally, the gold ounce was valued at $4,124.80, providing a backdrop for local gold valuations and reflecting international commodity trends.
The cryptocurrency market showed continued interest, with Bitcoin (BTC) trading at $62,700. Ethereum (ETH) also maintained its significant position, priced at $1,754.09. The stablecoin Tether (USDT), often used as a bridge between fiat and crypto, was valued at 177,500 Toman in the local market, slightly above the direct USD conversion rate, indicating premium demand. These figures highlight the ongoing integration of digital assets into the broader financial landscape, attracting both speculative and long-term investors.
Overall, the morning session on Wednesday presented a market largely holding its ground. While no dramatic shifts were observed, the consistent high valuations in gold and the steady performance of the US Dollar against the Toman continue to be focal points for market participants. The cryptocurrency sector, led by Bitcoin and Ethereum, also demonstrated resilience, suggesting sustained investor confidence in digital assets despite global economic uncertainties.