The Iranian market commenced Friday's trading session with notable movements across currency, gold, and cryptocurrency sectors. The US Dollar continued its upward trajectory, with its selling price reaching 234,200 Toman. The buying price for the greenback was recorded at 232,814 Toman, indicating a robust demand in the local exchange market. Other major currencies also reflected this trend, with the Euro selling at 266,300 Toman and the British Pound at 309,400 Toman. The UAE Dirham was priced at 63,750 Toman, and the Turkish Lira at 4,785 Toman.
In the precious metals market, gold and coin prices demonstrated significant strength. The Emami gold coin, a key indicator for the Iranian market, soared to an impressive 240,000,000 Toman. Following closely, the Azadi coin was priced at 236,000,000 Toman, and the Nim Seke at 123,000,000 Toman. The price of 18-karat gold per gram also saw a substantial increase, reaching 24,054,665 Toman. Globally, the price of a gold ounce stood at $4,266.90, reflecting strong international demand for the yellow metal.
The cryptocurrency market mirrored the bullish sentiment observed in traditional assets. Bitcoin (BTC), the leading digital currency, maintained a strong position, trading at $84,167. Ethereum (ETH) also showed resilience, with its price recorded at $2,678.76. Tether (USDT), a stablecoin pegged to the US Dollar, was trading at 233,602 Toman, closely aligning with the official USD exchange rate and highlighting its role in facilitating crypto transactions within the Iranian market.
These elevated prices across currency, gold, and digital assets suggest a continued preference among Iranian investors for assets that traditionally serve as hedges against inflation and economic uncertainty. The consistent demand for foreign currencies and precious metals, alongside the growing interest in cryptocurrencies, underscores a broader trend of seeking value preservation in a dynamic economic landscape.