The Iranian financial markets opened the week on Saturday, October 24, 2026, with significant upward momentum across all major asset classes. The US Dollar (USD) sell rate climbed to 268,500 Toman, reflecting persistent inflationary pressures and high demand in the free market. This rise in the greenback has directly impacted the domestic gold market, where the Emami Coin reached a staggering 267,000,000 Toman. Analysts point to the convergence of domestic currency devaluation and a historic rally in the international gold market as the primary drivers of this volatility.
Globally, the price of gold per ounce reached $3,996.90, just cents away from the psychological and historic barrier of $4,000. This international surge has pushed the price of 18-karat gold in Iran to 26,102,313 Toman per gram. The Azadi Coin and Nim Seke followed suit, trading at 256,000,000 and 139,000,000 Toman respectively, as investors seek refuge in hard assets amid currency fluctuations.
In the cryptocurrency sector, Bitcoin (BTC) continues its bullish run, trading at $80,322. The strength of the crypto market is reflected in the Tether (USDT) rate in Iran, which is currently priced at 267,943 Toman, closely tracking the free market USD rate. Ethereum (ETH) is also holding steady at $2,349.60. The high correlation between digital assets and the domestic dollar suggests that capital is increasingly flowing into liquid, borderless assets to hedge against local economic risks.