The Iranian financial market opened this Friday with a notable rally in the precious metals sector. The global gold price has surged to an unprecedented $4,174.40 per ounce, directly impacting the domestic market. Consequently, the Emami gold coin has reached a staggering 270,000,000 Toman, reflecting intense demand and global inflationary pressures. 18-karat gold is currently priced at 26,155,408 Toman per gram, marking a significant milestone for local investors.
In the currency corridor, the US Dollar (USD) is trading at 265,700 Toman for sales, showing a narrow spread with the buying price of 264,128 Toman. Other major currencies like the Euro and British Pound are priced at 298,050 and 352,950 Toman, respectively. Interestingly, Tether (USDT) is trading at a slight premium of 266,187 Toman, indicating a continued preference for digital assets and liquidity among local traders during the weekend pause.
The cryptocurrency market remains bullish, with Bitcoin (BTC) holding firm at $82,120. Ethereum (ETH) is currently valued at $2,444.98. This stability in the crypto sector, combined with the gold rally, suggests a broader shift in investor sentiment toward safe-haven assets. Analysts point to global economic uncertainty as the primary driver for these record-breaking valuations in both traditional and digital commodity markets.