The Iranian financial markets opened on Wednesday, October 28, 2026, with significant upward pressure across all major asset classes. The US Dollar is currently trading at 269,800 Toman for sell and 268,203 Toman for buy, placing it just a fraction away from the critical 270,000 Toman psychological resistance level. This movement is mirrored in the digital currency space, where Tether (USDT) is trading at 269,277 Toman, indicating a tight parity between physical and digital dollar demand.
The gold market is experiencing a historic rally driven primarily by international factors. The global gold ounce has shattered previous records, reaching $4,036.40. This international surge, combined with the rising domestic dollar rate, has propelled the Emami gold coin to 266,500,000 Toman. Gold 18k is currently priced at 26,155,408 Toman per gram, reflecting a high-inflation environment that continues to drive investors toward safe-haven assets.
In the cryptocurrency sector, Bitcoin (BTC) maintains its bullish momentum, trading at $80,847. While the growth in BTC provides some diversification for local investors, the primary focus remains on the volatility of the Rial. Ethereum (ETH) is also holding steady at $2,352.39. Market analysts suggest that the simultaneous rise in global gold and domestic currency rates is creating a 'double-engine' effect on gold prices in Tehran.
As the morning session progresses, the market's attention is fixed on whether the Central Bank will intervene to prevent the USD from stabilizing above 270,000 Toman. Other regional currencies are also showing strength, with the UAE Dirham (AED) priced at 73,450 Toman and the Euro (EUR) crossing the 300,000 Toman threshold to reach 300,200 Toman.