On the morning of Sunday, October 4, 2026, the Iranian financial markets displayed a clear upward trend in the currency and precious metals sectors. The US Dollar (USD) started the session at 269,000 Toman for selling, while the buying rate hovered around 267,408 Toman. This movement reflects a persistent demand in the informal market, even as Tether (USDT) traded slightly lower at 266,999 Toman, suggesting a minor spread between physical cash and digital assets.
The gold market continues to be the primary focus for investors as the global gold ounce remains exceptionally high at $4,141.80. This international surge has pushed the domestic Emami gold coin to 274,000,000 Toman, while the Azadi coin is trading at 260,000,000 Toman. For retail buyers, the price of 18-karat gold has reached 26,201,579 Toman per gram, marking a significant threshold that reflects both currency devaluation and global commodity strength.
In the cryptocurrency sector, Bitcoin (BTC) maintains its robust position at $84,853, providing a high-value alternative for local capital seeking a hedge against inflation. Ethereum (ETH) is currently trading at $2,694.51. The stability of major cryptocurrencies at these elevated levels, combined with the high cost of the US Dollar, has created a challenging environment for local liquidity management.
Other major currencies also saw gains this morning. The Euro is priced at 302,900 Toman, and the British Pound has reached 355,350 Toman. Regional currencies like the UAE Dirham and the Turkish Lira are trading at 73,250 and 5,475 Toman respectively. Market participants are closely watching for any central bank intervention or geopolitical shifts that might temper the current momentum as the trading day progresses.