The Iranian financial markets opened the week with intense volatility on Saturday, October 31, 2026. The US Dollar (USD) reached a selling price of 270,800 Tomans, marking a significant psychological breakthrough that has rippled across all asset classes. Traders attribute this movement to increased hedging activities and a slight premium in the Tether (USDT) market, which is currently trading at 271,367 Tomans, suggesting a continued bullish sentiment in the digital currency space.
In the precious metals sector, the domestic market is reacting sharply to the global gold ounce, which has climbed to an unprecedented $3,876.40. This international surge has propelled the price of 18-karat gold in Iran to 25,174,292 Tomans per gram. The benchmark Emami coin followed suit, hitting the 260,000,000 Toman milestone, while the Azadi coin is trailing closely at 250,000,000 Tomans. The widening gap between domestic prices and global benchmarks indicates a high level of market sensitivity to external economic indicators.
Meanwhile, the cryptocurrency market remains a focal point for diversified portfolios. Bitcoin (BTC) is maintaining a strong position at $77,377, providing a relatively stable alternative for those looking to exit traditional currency positions. Ethereum (ETH) is also holding its ground at $2,247.90. As the evening session concludes in Tehran, the market remains in a state of high alert, with participants closely watching for any central bank interventions or further shifts in the global gold trajectory.