The Iranian currency market closed on Friday evening, August 28, 2026, with the US Dollar maintaining its strong position. The sell rate for the USD was recorded at 201,500 Toman, while the buy rate stood at 200,308 Toman. Other major foreign currencies also showed consistent pricing, with the Euro trading at 234,700 Toman and the British Pound at 273,700 Toman. The UAE Dirham was quoted at 54,900 Toman, and the Turkish Lira at 4,175 Toman, reflecting a generally stable yet high-value foreign exchange environment.
In the precious metals sector, gold and coin prices experienced significant upward momentum. The Emami coin, a key indicator for the Iranian gold market, reached an impressive 216,000,000 Toman. Following closely, the Azadi coin was priced at 212,000,000 Toman, and the Nim Seke at 109,000,000 Toman. The price of 18-karat gold per gram also saw a notable valuation at 21,699,986 Toman. Globally, the gold ounce was trading at $4,553.30, suggesting a robust international demand that often influences local prices.
The cryptocurrency market continued its bullish trend into the evening session. Bitcoin (BTC) demonstrated strong performance, trading at $78,978, nearing the significant $79,000 mark. Ethereum (ETH) also held its ground, priced at $2,490.59. Tether (USDT), a stablecoin pegged to the US Dollar, mirrored the local USD sell rate, trading at 201,500 Toman, confirming its role as a reliable bridge between traditional and digital assets for Iranian investors.
The consistent high prices across currency and gold markets suggest ongoing inflationary pressures and a persistent demand for safe-haven assets among Iranian investors. Despite the stability in the USD rate for this session, the overall trend indicates a cautious approach by the public towards preserving wealth. The robust performance of cryptocurrencies, particularly Bitcoin, highlights a growing interest in alternative investment vehicles.
As the weekend approaches, market participants will be closely watching global economic indicators and any domestic policy announcements that could impact these sensitive markets. The interplay between international gold prices, the strength of the US Dollar, and local demand for physical gold and digital currencies will continue to shape the market's direction in the coming days.