The Iranian financial markets experienced a volatile opening on Tuesday, November 10, 2026, as both domestic and international factors converged to push prices higher. The US Dollar (USD) sell rate was recorded at 264,200 Toman, reflecting a persistent demand for hard currency. Meanwhile, the Euro and British Pound followed suit, trading at 296,400 and 355,200 Toman respectively, as traders adjusted their portfolios in response to the morning's opening rates.
In the precious metals sector, the surge in global gold prices has had a profound impact on the local market. With the global gold ounce hitting $4,118.40, the domestic price for 18-karat gold has risen to 25,762,962 Toman per gram. The benchmark Emami coin is currently trading at 259,000,000 Toman, while the Azadi coin stands at 250,000,000 Toman, indicating a high premium and intense speculative activity in the gold sector.
The cryptocurrency market remains a key alternative for local investors, with Bitcoin (BTC) trading at $74,698. Tether (USDT), often used as a digital proxy for the dollar, is priced at 262,898 Toman, slightly below the physical cash rate. This narrow gap between USDT and the free market USD suggests a high level of liquidity and rapid movement between traditional and digital assets as market participants seek to hedge against local currency depreciation.
Regional currencies also showed strength, with the UAE Dirham (AED) selling at 71,950 Toman. As the market moves into the afternoon session, analysts are closely watching the central bank's potential intervention levels. The combination of record-high global gold and local currency pressure has created a complex environment for both retail and institutional investors in Tehran.