Articles
Neutral, dated analysis and explainers across Iran’s markets.
Tehran's Gold and Silver Funds Jumped Up to 6.1% Today While Global Bullion Barely Moved (Saturday, August 22, 2026)
On Saturday, August 22, 2026, at least 10 Tehran Stock Exchange gold and silver funds rose between 4.4% and 6.1%, several hitting their highest closes since May or June, while global gold held near $4,607 an ounce and silver near $69 an ounce, both essentially flat. Tehran's Emami gold coin rose 4.76% and 18-karat gold 5.7%, both far outpacing the 1.74% rise in the free-market dollar.
Global Gold Jumps Nearly 4% to a Two-and-a-Half-Month High; Tehran's Coin and Free-Market Dollar Rise Together (Wednesday, August 19, 2026)
On Wednesday, August 19, 2026 (28 Mordad 1405), global spot gold jumped nearly 4% to $4,511.04 an ounce, its highest since early June, according to Trading Economics and tgju.org. The main driver was a US Treasury move to boost long-bond buybacks; regional tension, including the UAE's suspension of ties with Iran, added to the rally, per Ecoiran. Tehran's Emami coin rose to about 198 million tomans and the free-market dollar to 188,600 tomans the same day.
One Ounce of Gold in the World; Two Numbers That Set Its Price in Iran
Learn exactly what a gold ounce (troy ounce) is, why the world prices gold in dollars per troy ounce, and how that one global number, combined with Iran's dollar rate, builds the toman price of gold and coin at home.
Bank Mellat, Saman and Saderat Enter Final Stages of Connection to the Gold Platform Supervisory System; Iran Starts Breaking the Online Gold Vault Monopoly (Saturday, 1 August 2026)
On Saturday, 1 August 2026 (10 Mordad 1405) it was announced that connecting three banks, Mellat, Saman and Saderat, to Iran's gold platform supervisory system has entered its final stages, after which they will begin contracting with online gold and silver platforms. The step starts the removal of the monopoly over gold platform vaulting. The framework is the bullion vaulting rules the central bank issued on 15 June 2026. This piece opens up the chain of platform, vault and supervisory system.
Iran's Gold Funds Went From 400 to 670 Trillion Tomans: The Day the Coin Premium Grew 65% and a Fund Unit Grew 1.4% (Wednesday, 29 July 2026)
The net asset value of Iran's exchange traded gold funds passed 670 trillion tomans in the week ending 26 Tir 1405 (17 July 2026), rising 4.4% week on week to 670,418 billion tomans. In Azar 1404 (late 2025) the figure was about 400 trillion. On Wednesday, 29 July 2026, the difference showed up in practice: the Emami coin premium grew 65.56% to 4,990,000 tomans, while a Lotus gold fund unit rose 1.44%. This report tracks where the money moved and which risks the move does not remove.
Gold Funds: How They Work, What They Cost, and Why the Board Price Drifts From NAV
This lesson explains exactly what an Iranian gold fund buys, why its unit trades at a price separate from the value of its holdings, which costs quietly reduce your return, and the conditions under which the board price pulls away from NAV. Includes a step by step hypothetical worked example for calculating a fund's premium.
Pricing Gold in Iran: From the Global Ounce to the Number on Your Jeweller's Invoice
This lesson builds Iran's gold price as a four-link chain: divide the global ounce by 31.1035, multiply by the dollar rate, multiply by 0.75 for 18 karat purity, and multiply by 4.3318 to reach the mesghal quote. Then see how the making charge, the retailer's margin of up to 7 percent, and the 10 percent value added tax turn the metal price into the number on a jeweller's invoice, with hypothetical worked examples and one dated real snapshot.
Melted Gold or the Emami Coin? A Technical Guide to Preserving Value in Iran's Inflationary Economy
Melted gold and the Emami coin are both gold, yet one carries a near-zero premium and the other a volatile one. Per Sahmino's price feed on Saturday night, 27 Tir 1405 (18 July 2026), the Emami coin's premium was about 6 million tomans (near 3.3 percent) while melted gold's was only about 238 thousand tomans (near 0.3 percent). A technical guide to comparing the two for preserving value against inflation, with no buy or sell advice.
Gold in Iran: 18 Karat, Melted Gold, and Coin Types
Learn what 18 karat gold, melted gold, and Iran's four gold coin sizes (Emami, Bahar Azadi, half, quarter, gram) are, and what builds each one's price, with a hypothetical worked example and dated real figures.
Global Gold Pulls Away From Seven Month Low; Ounce Tops $4,180 (Friday, July 3, 2026)
Global gold rose about 1.3 to 1.5 percent to $4,176 to $4,183 an ounce on Friday, July 3, 2026, pulling further from last week's seven to eight month low, after a weak June US jobs report. Iran's domestic 18 karat gold reached roughly 17.5 million tomans a gram.
