The Iranian currency market opened Friday with a notable upward trend, as the US Dollar reached 271,200 Toman in the free market. This movement reflects ongoing inflationary pressures and a shift in liquidity towards hard assets. The buy rate for USD stands at 269,595 Toman, maintaining a narrow spread that indicates high market activity despite the weekend lull. Other major currencies followed suit, with the Euro trading at 303,450 Toman and the British Pound at 363,100 Toman.
In the precious metals sector, a historic milestone was reached as the global gold ounce price climbed to $4,006.50. This international surge has had a direct impact on the domestic Iranian market, pushing the price of 18-karat gold to 26,143,866 Toman per gram. The benchmark Emami coin is now priced at 266,500,000 Toman, while the Azadi coin stands at 258,000,000 Toman, reflecting a heightened demand for safe-haven assets among local investors.
The cryptocurrency market remains a focal point for capital flight, with Bitcoin (BTC) trading at $78,514. Interestingly, Tether (USDT) is currently priced at 270,783 Toman, trading at a slight discount compared to the physical USD paper rate. This gap suggests a potential cooling in digital asset demand relative to physical currency, though Ethereum (ETH) continues to hold steady at $2,245.63. Regional currencies like the UAE Dirham at 73,850 Toman continue to provide a baseline for the Rial's valuation in cross-border trade.