The Iranian market on Friday, November 6, 2026, presented a picture of relative stability for major currencies, while gold and cryptocurrencies showed significant movements. The US Dollar (USD) was trading at 268,200 Toman for sell orders, with buy orders at 266,613 Toman, indicating a consistent demand amidst broader economic considerations. Other key currencies like the Euro and British Pound also maintained their levels, with the EUR selling at 300,350 Toman and GBP at 360,200 Toman.
In the gold market, the Emami gold coin continued its upward trajectory, reaching 267,000,000 Toman. This surge is partly attributed to the remarkable performance of gold in international markets, where a single ounce of gold soared to an all-time high of $4,044.30. This global rally significantly impacts local prices, pushing the 18-karat gold per gram to 26,086,153 Toman and other coin types like Azadi and Nim Seke to 256,000,000 Toman and 140,500,000 Toman, respectively. Investors continue to view gold as a robust hedge against inflation and economic uncertainties.
The cryptocurrency sector also captured attention, with Bitcoin (BTC) holding its ground firmly above the $75,509 mark. Ethereum (ETH) followed suit, trading at $2,222.93. A notable point in the local crypto market was the premium on Tether (USDT), which was priced at 271,438 Toman. This value is approximately 3,238 Toman higher than the official USD sell rate, reflecting a strong local demand for stablecoins as a gateway to international markets or a store of value.
The confluence of a stable local currency market, a globally surging gold price, and a resilient cryptocurrency sector paints a complex but dynamic landscape for Iranian investors. The high global gold price, in particular, suggests a flight to safety by international investors, a sentiment that often resonates within the Iranian market, contributing to the elevated local gold and coin prices. These trends underscore the ongoing interplay between global economic forces and domestic market dynamics.