The Iranian financial markets experienced significant volatility during the evening session of Wednesday, October 28, 2026. The US Dollar (USD) officially breached the psychological resistance level of 270,000 Tomans, closing at 270,600. This upward trend in the currency market is mirrored by the Tether (USDT) rate, which is currently trading at 270,743 Tomans, maintaining a slight premium over the physical greenback.
In the precious metals sector, a historic milestone was achieved as the global gold ounce price surged to $4,044.50. This international rally, combined with the rising domestic dollar rate, has sent Iranian gold prices to new heights. The 18-karat gold is now priced at 26,374,717 Tomans per gram, while the benchmark Emami gold coin has reached a staggering 268,000,000 Tomans. Other denominations like the Azadi coin and Nim Seke followed suit, trading at 258 million and 141 million Tomans respectively.
The cryptocurrency market remains a focal point for Iranian investors seeking to hedge against local currency devaluation. Bitcoin (BTC) continues its strong performance, holding steady at $80,444, while Ethereum (ETH) is trading at $2,326.33. The stability of Bitcoin above the 80k mark, coupled with the high demand for Tether in the local market, suggests a continued shift toward digital assets as a store of value amidst the current inflationary environment.