Articles
Neutral, dated analysis and explainers across Iran’s markets.
Emami Coin's Premium Falls to 189,000 Tomans Today Despite a Gold and Dollar Jump; Its Tightest Gap in Weeks (Thursday, September 3, 2026)
The Emami gold coin's premium (the gap between its market price and its melt value) fell today, Thursday, September 3, 2026, from about 1,107,000 tomans yesterday to just 189,000 tomans, despite an roughly 2.6 to 3 percent jump in 18 karat gold and the global gold ounce. Sahmino's own data (16:59) and Alanchand's live bubble gauge (20:05) both put the gap near 188,000 to 189,000 tomans, under a tenth of a percent of the coin's price, even as the free market dollar rose only 0.53 percent.
Why Did the Global Ounce Fall While the Coin Got More Expensive?
We break a coin's price into three parts, the global ounce, the domestic dollar, and the premium, and use a real, dated case from July 2026 to show how these parts can move in opposite directions overnight.
Iran's Emami Coin Premium Falls to Just 59,000 Tomans Today; Quarter and Gram Coins Still Cost 10 to 17 Percent More (Saturday, August 22, 2026)
On Saturday, August 22, 2026, Eghtesad Online reported (14:45 Tehran time) that the premium on Iran's full Emami gold coin had fallen to just 59,000 tomans, under a tenth of a percent of its price. Alanchand's live bubble calculator (21:35) put the same gap at negative 0.60 percent, the lowest in recent weeks. The quarter coin and gram coin premiums, however, stayed near 10 and 17 percent.
Iran's Emami Coin and Melted-Gold Premiums Turn Negative on Monday, August 10, 2026; Quarter-Coin Premium Still Around 10 Percent
At midday Monday, August 10, 2026, Iran's Emami coin and melted-gold premiums fell below zero for a second straight session. Per Alanchand at 12:35 Tehran time, the Emami coin traded 1.43% and melted gold 3.67% below intrinsic value. A day earlier Ecoiran reported the half-coin premium briefly went negative for the first time in months. The quarter coin's premium held near 10%.
Emami Coin Hits 190 Million Tomans on Saturday, August 8; Dollar's Pullback Didn't Offset Global Gold's Pressure
On Saturday, August 8, 2026 (17 Mordad 1405), Iran's Emami gold coin reached about 190 million tomans in Tehran, less than two hours after Sahmino's own midday Market Pulse had logged it flat at 185,020,000 tomans. 18-karat gold rose nearly 2.1 percent too, while the free-market dollar eased slightly and global gold held near its seven-week high at 4,343 dollars.
Iran's Quarter Coin Premium Hits 7,391,000 Tomans; Four Quarter Coins Cost 23 Million Tomans More Than One Emami Coin of the Same Gold Weight (Sunday, 2 August 2026)
On Sunday, 2 August 2026 (11 Mordad 1405), the premium on Iran's quarter gold coin reached 7,391,000 tomans, more than double the 3,522,000 toman premium on the full Emami coin, even though the quarter coin holds one fourth of the gold. As a share of price, the premium is about 14 percent on the quarter coin and under 2 percent on the Emami. Four quarter coins cost 210,400,000 tomans, while a single Emami coin holding the same gold traded at 187,000,000 tomans.
Coin and Bullion Auctions at Iran's Exchange Center: How the Price Is Discovered and What Happens to the Premium
Learn what the Iran Currency and Gold Exchange Center is, how a coin or gold bullion auction session runs step by step, how an auction differs from a pre-sale, why the Center's currency side works through trading halls and negotiated rates rather than auctions, and the route by which official supply acts on the coin premium. With a labelled hypothetical worked example and dated real figures.
What Is the Coin Premium (Hobab) and How Is It Calculated?
Emami Gold Coin's Premium Falls to 5,101,000 Tomans on Friday, July 10, 2026; Three Legal, Tax-Exempt Ways to Trade It
On Friday, July 10, 2026 (19 Tir 1405), Iran's Emami coin traded around 182 million tomans and its premium over intrinsic gold/dollar value fell to 5,101,000 tomans (about 2.8%), down from 7,091,000 a week earlier. This piece explains the mechanics and three legal, tax-exempt trading channels: the CBI auction, the exchange coin deposit certificate, and gold funds.
Coin Premium Rose 6.85% This Week; Why, Even as Global Gold Fell? (Wednesday, July 8, 2026)
The Emami gold coin's premium reached about 7,091,000 tomans in its latest weekly reading (Sunday, July 5, 2026), up 6.85% week on week. That happened even as global gold fell about $49 (1.2%) from $4,165 to $4,116 on Tuesday night after the Strait of Hormuz attack pushed the Fed toward a more hawkish tone.
Emami Gold Coin Hits 178 Million Toman as Its Premium Widens 44% in a Week (Thursday, July 2, 2026)
Iran's Emami gold coin jumped nearly 5 million toman on Thursday, July 2, 2026 (11 Tir 1405), reaching 177 to 178 million toman. Per Sahmino's own prior report, the coin's premium over its intrinsic gold value had already widened 44% in the week to July 1, hitting 7,863,000 toman. The main driver: the free-market dollar's roughly 9% weekly surge and political uncertainty around the Iran-US-Israel ceasefire.
