The Iranian currency market commenced its Saturday session with the US Dollar exhibiting a stable performance. The sell rate for the USD was recorded at 237,300 Toman, with the buy rate slightly lower at 235,896 Toman. Other major currencies also showed consistent pricing, with the Euro at 275,350 Toman and the British Pound at 321,050 Toman. The UAE Dirham traded at 63,800 Toman, and the Turkish Lira at 4,900 Toman, indicating a relatively calm and steady start to the trading week in the foreign exchange segment.
In the precious metals market, the Emami coin continued its notable upward trajectory, reaching a significant 243,000,000 Toman. The Azadi coin followed closely, priced at 238,000,000 Toman, while the Nim Seke was valued at 123,000,000 Toman. Gold 18k per gram saw its price set at 24,493,282 Toman, reflecting the overall strength and demand within the domestic gold market. Globally, the gold ounce maintained a strong valuation at $4,349.70, providing a robust international benchmark that influences local pricing.
Shifting to the cryptocurrency landscape, the market presented a robust and active picture this morning. Bitcoin (BTC) maintained its substantial valuation, trading confidently at $77,213. Ethereum (ETH) also demonstrated strength, priced at $2,509.99. The Tether stablecoin (USDT) closely mirrored the local dollar rate, trading at 237,900 Toman, indicating a tight correlation between the stablecoin and the physical dollar in the Iranian market. This consistent performance across major cryptocurrencies suggests sustained investor interest and confidence in digital assets.
The morning session broadly indicates a market holding steady across its key segments. While the dollar maintained its ground, the gold and coin market showed a distinct bullish trend, particularly with the Emami coin's ascent. Cryptocurrencies, led by Bitcoin, continued to demonstrate resilience and strong valuations, reflecting both global trends and local demand. Market participants will be closely monitoring any shifts in international commodity prices or domestic economic indicators that could influence these established trends in the upcoming trading days.