The Iranian financial markets closed the week on Friday, October 23, 2026, with significant upward pressure across all major asset classes. The US Dollar (USD) was traded at 272,400 Toman in the open market, reflecting a persistent demand for hard currency. This trend was mirrored in the Tether (USDT) market, which tracked closely at 272,113 Toman, maintaining a narrow spread with the physical cash market.
In the precious metals sector, a historic rally is unfolding. The global gold ounce price reached $3,987.20, just a few dollars shy of the psychological $4,000 threshold. Domestically, this surge pushed the Emami Coin to a staggering 274,000,000 Toman, while 18-karat gold climbed to 26,697,908 Toman per gram. The combination of a rising dollar and record-breaking global gold prices has created a perfect storm for local gold valuations.
The cryptocurrency market continues to show resilience despite the broader economic shifts. Bitcoin (BTC) is currently trading at $81,277, holding its ground after recent gains. Ethereum (ETH) followed suit at $2,388.49. Investors are closely watching these levels as the digital asset market becomes an increasingly popular hedge against local currency depreciation in the Iranian context.