Articles
Neutral, dated analysis and explainers across Iran’s markets.
Market updateIran Market Pulse: Tuesday Midday, 21 July 2026; The Bourse Extends Its Rebound to a Second Green Session as the Index Climbs Near 4,887,000
Tuesday midday, 21 July 2026 (30 Tir 1405): mid-session, Tehran's main index (TEDPIX) rose about 1.5 percent (near 74,000 points) to around 4,887,000, extending a second straight green session; the OTC index added about 2 percent. Behind the move: roughly 3,000 billion tomans of real-money inflow on Monday. The free dollar held near 187,700 tomans, the Exchange Center rate was 150,915, and globally gold stayed above 4,000 dollars while Brent firmed about 1.7 percent to 89 dollars.
Market updateIran Market Pulse: Tuesday Morning, 21 July 2026; the bourse ends a seven-session losing streak with a green close as the dollar holds near 187,700 tomans
Tuesday morning, 21 July 2026 (30 Tir 1405). For weeks the headlines have tracked the dollar's records, but the number that actually turned yesterday was the stock index: Tehran's TEDPIX closed Monday up about 1.2 percent (nearly 58,000 points) at 4,813,503, its first green session after seven straight red ones. The free-market dollar, near 194,000 tomans earlier in the week, settled calm around 187,700, and spot gold climbed back above 4,000 dollars overnight, toward about 4,040.
Market updateIran Market Pulse: Monday Midday, 20 July 2026; Tehran Stocks Turn Green After Seven Red Sessions as the Dollar Steadies Near 193,000 Tomans
By midday on Monday, 20 July 2026 (29 Tir 1405), Tehran's overall stock index rebounded about 1.6 percent (nearly 80,000 units) to around 4,833,000, its first green session after seven straight declines. The free-market dollar held near 193,000 tomans, gram gold sat around 18,765,000 tomans, spot gold clung to the 4,000 dollar line, and Brent crude held near 91 dollars on Strait of Hormuz worries.
Market updateIran Market Pulse: Monday Morning, July 20, 2026; the Dollar Backs Off Its 194,000-Toman Record, but Its Gap With the Official Rate Widens to 42,000 Tomans
After days of record-setting, the parallel market caught its breath: by the evening of Sunday, 28 Tir 1405 (19 July 2026) the free-market dollar had eased to about 193,000 tomans, but its gap with the roughly 150,000-toman official ("toafoghi") rate widened past 42,000 tomans. 18-karat gold fell nearly 2%, yet the coin premium rose, and by early Monday Brent crude jumped more than 3% to the 91-dollar mark. The Tehran bourse logged another down session.
Market updateIran Market Pulse: Sunday Midday, 19 July 2026; The Dollar Holds Its 194,500-Toman Record as the Bourse Slides Toward a 9th Straight Loss
Sunday midday, 28 Khordad 1405 (19 July 2026): the market is pulling in two directions. The free dollar sits at a record near 194,500 toman and a gram of 18-karat gold holds in the 19-million-toman channel, yet the Tehran bourse index is trading about 0.6 percent lower by 11 a.m. and, if it holds, heads for a 9th straight losing session. The divergence between the bourse and the parallel market is today's main story.
Market updateIran Market Pulse: Sunday Morning, July 19, 2026; Gram Gold Leaps Nearly 5% Into the 19-Million Channel as the Free-Market Dollar Sets a 194,500-Toman Record
On the morning of Sunday, 28 Tir 1404 (19 July 2026), the Tehran bourse reopens amid a multi-week slide. Saturday evening the free-market dollar hit a fresh record near 194,500 toman and a gram of 18-karat gold jumped almost 5% into the 19-million-toman channel; the less-watched twist was that because coins rose slower than gold, the Emami coin premium deflated about 19% to roughly 6 million toman.
Market updateIran Market Pulse: Saturday Midday, 18 July 2026; Tehran bourse falls about 2.5% on the week's first session as the agreed dollar breaks into the 150,000-toman channel
Saturday midday, 27 Tir 1405 (18 July 2026): on the week's first session and its eighth straight down day, the Tehran bourse fell nearly 2.5% by around 11 a.m., the main index near 4,776,000 points. Meanwhile the agreed dollar (the official rate) entered the 150,000-toman channel for the first time (150,237 toman), toman Tether stood at 194,581, and spot gold held above 4,000 dollars, on the day Iran's delegation sat at the Oman table over the Strait of Hormuz.
Market updateIran Market Pulse: Saturday Morning, July 18, 2026; the Dollar Hits a Fresh Record Near 191,000 Tomans as Global Markets Turn Higher Alongside the Oman Table
On the morning of Saturday, 27 Tir 1405 (18 July 2026), the Tehran bourse reopens after the weekend following a seventh straight losing session. The free-market dollar reached a fresh record near 191,000 tomans (up nearly 8 percent on the week), and just as the Iranian delegation sits down at the Oman table, global markets priced tension back in: spot gold returned above $4,000 and Brent crude jumped 4.36 percent to $88.
Market updateIran Market Pulse: Friday Midday, July 17, 2026; Bitcoin Below $63,000 and Gold Pinned at $4,000 on the Eve of the Oman Table
Market Pulse, Friday midday, 26 Tir 1405 (17 July 2026), with the bourse and cash markets closed. The only live board today, global and crypto, is flashing one word: caution. Bitcoin fell about 2% below $63,000 (~$62,857), Ether to ~$1,830, and spot gold clung to the $4,000 line. Iran's parallel market is frozen on Thursday's record: the free-market dollar near 188,600 tomans and the coin premium around 7,194,000 tomans. Everything waits on Saturday's Oman table and the bourse reopening.
Market updateIran Market Pulse: Friday Morning, 17 July 2026; Global Gold Slips Below $4,000 as Markets Eye Saturday's Oman Talks
Market Pulse, Friday morning, 17 July 2026 (26 Tir 1405, bourse closed). The world priced de-escalation: spot gold below $4,000 (~$3,992), Brent off its one-month high (~$84.4), and a fresh round of Iran-US talks set for Saturday in Oman. Yet Iran's street is still at records: the free-market dollar ~188,600 tomans, Tether ~189,000, and the Emami coin premium ~7,194,000 tomans. The gap between global calm and domestic fear, and the test of the Oman table.
Market updateIran Market Pulse: Thursday Midday, July 16, 2026; Global Gold Slips Below $4,050 as the Free-Market Dollar Holds Its 188,000-Toman Record
Midday market update, Thursday 25 Tir 1405 (16 July 2026), bourse closed. With no Tehran session, only the global markets that never rest were live, and that is where the news was: spot gold pulled back from Tuesday's near $4,080 peak to around $4,040, and Bitcoin eased to $64,554. At home, the free-market dollar held its record near 188,250 toman and gold and coins kept Wednesday's levels. The world prices this conflict as contained; Iran's street does not.
Market updateIran Market Pulse: Thursday Morning, 16 July 2026; The Week the Ceasefire Collapsed and the Dollar Hit a Record 188,000 Tomans
Weekly market review, Thursday morning, 25 Tir 1405 (16 July 2026, bourse closed): the week the Islamabad accord collapsed, the US reimposed its naval blockade of Iranian ports, and the free-market dollar jumped 2.22% on Wednesday to a record 188,200 tomans. Gram of 18-karat gold reached 18.36 million tomans and the coin premium leapt about 25% in one day, yet the Tehran bourse stayed red all week while global gold and Brent fell on blockade day. Two markets, two opposite bets.
EducationalWhat Is the Coin Premium (Hobab) and How Is It Calculated?
NewsEmami 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.