The Iranian financial markets witnessed a historic day on Thursday, October 29, 2026, primarily driven by the extraordinary surge in global gold prices. The international gold ounce breached the $4,030 level, a move that immediately resonated in the Tehran bazaar. Domestic 18k gold is now priced at 26,190,036 Toman per gram, reflecting the intense global demand for safe-haven assets. The Emami gold coin has also climbed to 266,500,000 Toman, as investors react to the shifting international landscape.
In the currency sector, the US Dollar showed relative stability compared to the volatile gold market. Selling at 271,600 Toman and buying at 269,993 Toman, the greenback has maintained a narrow trading range throughout the evening session. Other major currencies followed suit, with the Euro trading at 302,300 Toman and the UAE Dirham at 73,950 Toman. This stability suggests that domestic liquidity is currently being absorbed more by the gold and coin sectors than by foreign exchange speculation.
The cryptocurrency market continues to show strength, with Bitcoin (BTC) holding firm at $80,343. In the local market, Tether (USDT) is trading at 271,790 Toman, maintaining a slight premium over the physical dollar. Ethereum (ETH) is currently priced at $2,326.18. The convergence of high crypto valuations and record-breaking gold prices indicates a broader global trend toward alternative assets, which is significantly impacting Iranian portfolio allocations this autumn.