The Iranian financial market witnessed a volatile opening on Thursday morning, October 29, 2026. The US Dollar's climb to 270,700 Toman in the open market reflects sustained pressure on the national currency. This upward trend is mirrored in the digital asset space, where Tether (USDT) is trading at 270,469 Toman, maintaining a narrow spread with the physical greenback.
In the precious metals sector, a historic milestone was reached as the global gold ounce price surged past $4,041. This international rally, combined with the rising domestic dollar, has created a 'double-engine' effect on local prices. Consequently, the Emami gold coin has reached an unprecedented price of 268,000,000 Toman, while 18-karat gold is priced at approximately 26.38 million Toman per gram.
The cryptocurrency market remains exceptionally strong, with Bitcoin holding its position above the $80,290 mark. While global crypto volatility has stabilized slightly, the devaluation of the Toman continues to drive the local valuation of digital assets higher. Investors are closely monitoring the $4,000 support level for gold and the 270k resistance for the dollar as the trading day progresses.