The Iranian market commenced its trading day on Monday, November 2, 2026, with significant movements across key financial assets. The US Dollar continued its upward trajectory, with the sell rate reaching 271,800 Toman, while the buy rate was reported at 270,192 Toman. This sustained strength in the dollar reflects ongoing inflationary pressures and investor preference for hard currency amidst economic uncertainties. Other major currencies also showed high valuations, with the Euro selling at 303,600 Toman and the British Pound at 363,800 Toman.
In the gold and coin market, the Emami coin recorded a notable price of 261,000,000 Toman, indicating robust demand. The Nim Seke followed suit, priced at 139,000,000 Toman. The price for one gram of 18-karat gold was 25,520,568 Toman. These domestic gold prices are heavily influenced by both the local exchange rate of the Toman against the dollar and the global price of gold, which stood at $3,912.00 per ounce.
Cryptocurrencies also maintained their strong positions. Bitcoin (BTC) traded at $78,301, demonstrating continued investor interest in digital assets. Tether (USDT), a stablecoin, was exchanged at 271,995 Toman in the local market, closely mirroring the dollar's exchange rate and reinforcing its role as a hedge against currency fluctuations. This alignment underscores the interconnectedness of the crypto market with traditional currency valuations in Iran.
Market analysts suggest that a confluence of factors, including inflation expectations, domestic economic policies, and regional as well as international developments, are contributing to the current volatility in currency, gold, and cryptocurrency markets. Investors are consistently seeking avenues to preserve the value of their assets against economic shifts, which in turn fuels demand across these parallel markets.