The Tehran currency market concluded its Wednesday session with the US Dollar selling at 265,900 Tomans, maintaining a relatively stable range despite broader economic pressures. The spread between buy and sell rates remains narrow, with the buying price recorded at 264,326 Tomans. Other major currencies followed suit, with the Euro trading at 298,550 Tomans and the UAE Dirham at 72,400 Tomans, indicating a period of cautious consolidation in the forex market.
In contrast to the steady currency market, the gold sector experienced significant upward momentum driven by international factors. The global gold ounce reached an unprecedented $4,134.40, a move that immediately impacted domestic prices. In Tehran, the Emami gold coin rose to 268,500,000 Tomans, while the price per gram of 18-karat gold climbed to 26,744,078 Tomans. This decoupling of gold from the local dollar rate highlights the heavy influence of global commodity shifts on Iranian assets.
The cryptocurrency market also showed robust activity. Bitcoin (BTC) is currently trading at $83,944, reflecting strong global sentiment, while Ethereum (ETH) stands at $2,476.10. Locally, Tether (USDT) is priced at 263,412 Tomans, trading at a slight discount to the physical dollar, which is a common occurrence during periods of high demand for traditional currency. Investors are closely watching the $4,100 support level for gold as it sets a new benchmark for the final quarter of the year.