The Iranian currency market experienced a volatile session on Monday, November 2, 2026, with the US Dollar (USD) selling at 272,100 Toman. This upward trend in the exchange rate, combined with a historic rally in global gold prices, has created a dual-pressure environment for domestic assets. The Euro and British Pound also followed suit, trading at 305,150 and 365,050 Toman respectively, while the UAE Dirham reached 74,100 Toman, reflecting a broader devaluation of the Rial against major regional and global currencies.
In the precious metals sector, the global gold ounce has reached a staggering $3,961.40, placing it within striking distance of the psychological $4,000 barrier. This international surge has directly impacted the Tehran market, where the Emami gold coin is now priced at 263,500,000 Toman. Gram 18-karat gold has also climbed to over 25.8 million Toman, marking one of the most expensive periods for gold buyers in recent history. The Azadi coin and Nim Seke followed this trajectory, trading at 254 million and 140 million Toman respectively.
The cryptocurrency market remains a focal point for local investors seeking to hedge against inflation. Bitcoin (BTC) is currently trading at $77,964, while Ethereum (ETH) stands at $2,290.54. Notably, Tether (USDT) is priced at 271,518 Toman, maintaining a tight correlation with the free market dollar rate. This alignment suggests that digital asset demand remains high as a primary alternative to traditional currency holdings, as traders monitor the 272k resistance level for the greenback.