The Iranian financial markets commenced trading on Wednesday, July 29, 2026, with the US Dollar maintaining its strong position. In the morning session, the dollar's sell rate was recorded at 191,000 Toman, while the buy rate stood at 189,870 Toman. This stability in the dollar's value often sets the tone for other currency exchanges. The Euro was quoted at 217,700 Toman, and the British Pound reached 254,000 Toman. Regional currencies also saw active trading, with the UAE Dirham at 52,200 Toman and the Turkish Lira at 4,030 Toman.
The gold and coin market continued to attract significant attention, reflecting both domestic demand and global price movements. The benchmark Emami coin was priced at 184,000,000 Toman, indicating sustained interest in physical gold assets. The Azadi coin followed closely at 180,000,000 Toman, with the Nim Seke trading at 94,500,000 Toman. For investors interested in smaller denominations, one gram of 18-karat gold was valued at 18,537,328 Toman. Globally, the gold ounce price stood at $4,033.20, providing a context for local valuations.
In the digital asset space, major cryptocurrencies displayed a relatively stable performance during the morning session. Bitcoin (BTC), the leading cryptocurrency, was trading at $63,878, maintaining its position above the $63,000 mark. Ethereum (ETH) also showed resilience, with its price recorded at $1,906.58. For local traders, the Tether (USDT) stablecoin was exchanged at 193,362 Toman, closely mirroring the dollar's local value and serving as a crucial bridge between traditional and crypto markets in Iran.
Overall, Wednesday's morning session presented a picture of relative stability across key Iranian markets. The dollar's firm stance, robust gold prices, and steady cryptocurrency valuations suggest a cautious yet confident sentiment among investors. Market participants will be closely watching for any new economic indicators or geopolitical developments that could influence price movements throughout the day and in the coming weeks.