Understand Iran’s markets.
Live price dashboards, a market-events calendar, and bilingual educational videos for gold, currency, stocks, steel, cars, and building materials, each with the date and time it was last updated.
Markets at a glance
The curated gold, currency, stock, and crypto quotes, each with its last-updated time.
Iran's Two Dollar Rates Drift 4 Points Wider This Week as TEDPIX Ends Its 20-Session Rally in the Red; Market Pulse, Saturday, September 5, 2026
Market Pulse, Sep 5, 2026: the gap between Iran's free dollar (221,060 tomans) and official rate (160,022 tomans) widened from 34.5% to about 38.1%, the Emami coin premium hit a weeks-low (189,000 tomans), and TEDPIX fell 1.21% to 6,503,971 points Wednesday, ending a 20-session rally as retail investors pulled out roughly 5,600 billion tomans. A strong US jobs report pushed gold and bitcoin down while Brent headed for its best week since mid-July.
Read the full briefArticles
Neutral, educational coverage of what’s moving Iran’s markets: every claim sourced, every figure dated.
Sports Ministry Fully Exits Esteghlal Football Club's Shareholder Register; Its 3.1% Stake Lands at a Persian Gulf Financial Group as the Stock Hits an Eight-Month High (Wednesday, September 2, 2026)
Iran's Ministry of Sport and Youth completely exited Esteghlal Football Club's shareholder register on September 2, 2026 (11 Shahrivar 1405), according to Tehran Stock Exchange records. The 3.1 percent stake (334,525,650 shares) the Privatization Organization had announced for sale a month earlier landed at Persian Gulf Capital Pioneers Financial Group. The same day, Esteghlal's closing price hit its highest level since January 7, 2026, its fifth straight gaining session.
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.
Tehran's TEDPIX Falls 1.21% Today, Wednesday, Ending a Rally of At Least 19 Straight Gaining Sessions (September 2, 2026)
TEDPIX, which had climbed without a single losing session from August 3 to a record 6,583,932 points yesterday, fell 1.21% (about 80,000 points) today, Wednesday, September 2, 2026, to close at 6,503,970, alongside 5.7 trillion tomans of retail outflows.
Two Tankers Struck in Hormuz, US Promises New Bank Sanctions; Dollar Climbs Past Record; Iran Market Pulse, Sep 2, 2026; TEDPIX Sets Record
Iran Market Pulse, Wednesday, September 2, 2026: Tehran's free-market dollar, which hit a historic record of 209,300 tomans Monday evening, climbed another 4,700 tomans by Tuesday evening to 214,000 tomans. Two tankers were struck by projectiles in the Strait of Hormuz, and the US Treasury Secretary announced new Iran bank sanctions this week. Tehran's main stock index still set a fresh record despite a roughly 4.3 trillion toman real-money outflow. Global gold fell for a second straight day.
Tehran Cement Bag Premium Nearly Halves in Three Weeks; Gap to Commodity Exchange Price Falls From 47% to 25% (Tuesday, September 1, 2026)
The price of a 50kg bag of Tehran cement fell from 291,000 tomans on August 13 to 240,000 tomans on September 1, 2026; Abyk cement dropped 21.5% and Saveh cement 12.3% over the same span. The gap between Tehran's retail bag price and the Iran Mercantile Exchange's discovered price (about 192,500 tomans) narrowed from 47% to nearly 25% in the same period, meaning the retail "bag premium" has roughly halved.
The Neighbors' Markets: How Does Iran Connect to the Persian Gulf, Iraq, the Caucasus and Central Asia?
Four distinct channels link Iran to its neighbors' economies: Iraq as a goods export destination, the UAE as a financial and re-export hub, the Caucasus as a transit and energy corridor, and the east as a barter settlement route. Each channel comes with a dated real number.
Dollar Hits Record 209,300 Tomans, Brent Tops $90 as Iran-US Tension Escalates; Iran Market Pulse, Tuesday, 10 Shahrivar 1405 / September 1, 2026: TEDPIX Sets Fresh Record Anyway
Iran Market Pulse, Tuesday, 10 Shahrivar 1405 (September 1, 2026): Tehran's free market dollar hit a record 209,300 tomans Monday evening and Brent crude topped $90, as the US struck Iran's Larak Island and Iran hit back at bases in Jordan and the UAE. TEDPIX still closed up 0.49% at a record 6,547,932 points Monday, even as retail investors pulled about 2 trillion tomans out of stocks. Global gold held steady and bitcoin stood near $78,700.
Kian Financial Group's Stock Is Up 465% in a Year, Hit a 12-Month Record on Saturday; Its 180% Capital Increase Diluted No One
Kiana, the Tehran-listed ticker for Kian Financial Group, closed at 8,110 rials on Monday, August 31, 2026, up 465% from 1,435 rials a year earlier on September 2, 2025. Two days earlier, on Saturday, August 29, the stock closed at a 12-month record of 8,160 rials, two weeks after shareholders approved a 180% capital increase funded entirely from retained earnings, which does not dilute holders. Only 9% of the stock's shares are free-floating.
Newsroom
The latest market news in a few lines; every item names its source and date.
Turkey Announces Restart of a Nuclear Research Reactor in Istanbul
According to Khabaronline, citing ISNA and Russia's RIA Novosti, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said authorities expect to soon restart the TR-2 research reactor in Istanbul. He said nuclear research and material testing would resume there shortly, and that results of theoretical studies would become observable in laboratories and research centers. The TR-2 research reactor, located at Turkey's Energy, Nuclear and Mineral Research Institute in western Istanbul, has received a new operating license after a long pause. Another research reactor is located at Istanbul Technical University. The news comes amid Turkey's plans to expand civilian nuclear infrastructure, as countries in the region seek to diversify their energy sources.
Khabaronline, citing ISNA and RIA Novosti
Divergence on the Iran Mercantile Exchange: Hot Rolled Coil Holds Steady as Long Steel Products Swing More Than 20 Percent
According to Boursenews, a review of Iran Mercantile Exchange industrial floor data from Khordad to mid Shahrivar 1405 (roughly June to early September 2026) shows long steel products swung sharply while hot rolled coil stayed relatively stable over the same period. Per the report, rebar (18mm, A3 ribbed) started at 728,436 rials, fell to 611,982 rials, and then rose to 742,994 rials, a swing of more than 21 percent. Beams (14 and 16) ranged from 632,139 rials up to a peak of 783,499 rials, down to a low of 650,023 rials, and finally settled at 761,828 rials, a swing of about 24 percent. Bloom billet (5SP) ranged between 546,444 and 657,152 rials, a swing of about 20 percent. By contrast, per the same report, hot rolled coil (HR) held within a narrow 850,000 to 870,000 rial channel throughout the period. Iron ore pellet supplied by Foolad Sangan rose more linearly, from 101,509 to 136,631 rials. Boursenews attributed hot rolled coil's relative stability to Foolad Mobarakeh's supply management of the product, an assessment made by the outlet itself rather than an independent company claim.
Boursenews
Central Bank Governor Reports Over 4,000 Trillion Tomans in Facilities Paid to the Economy
According to Ecoiran, Central Bank of Iran Governor Abdolnasser Hemmati told the 36th Islamic Banking Conference, held on 10 Shahrivar 1405 (September 1, 2026), that more than 4,000 trillion tomans in facilities have been disbursed to various parts of the economy since the start of the Iranian year, of which 2,650 trillion tomans went to productive sectors. The conference emphasized financing through GAM notes and factoring as ways to contain the inflationary effects of liquidity growth. In a separate analysis citing Mordad month inflation data, Ecoiran wrote that annual inflation could stand above 80 percent by the end of 1405 (March 2027), with point to point inflation around 64 percent, and that if average monthly inflation approaches 6 percent, overall goods and services inflation could reach triple digits by year end. This projection is Ecoiran's own estimate and analysis, not an official Central Bank figure.
Ecoiran
Poultry Union Head Announces What He Calls a Reasonable Egg Carton Price
According to Donya-e-Eqtesad, citing Khabaronline, Hamidreza Kashani, chairman of Iran's Mihan Poultry Farmers Union, said on Friday, September 4, 2026 (13 Shahrivar 1405), that egg production costs currently exceed the sale price, and that a reasonable retail price would be 250,000 to 260,000 tomans per kilogram, equal to 500,000 to 520,000 tomans per 30 egg carton and 19,000 to 20,000 tomans per egg. Kashani said the farm gate price is currently about 200,000 tomans per kilogram, which is 70,000 tomans below the production cost and 30,000 tomans below the Agriculture Ministry's guidance price. He said egg production is expected to reach 115,000 tonnes in Shahrivar (roughly late August to late September), about 15,000 tonnes more than domestic demand, while egg exports have fallen 30,000 to 40,000 tonnes from a year earlier.
Donya-e-Eqtesad, citing Khabaronline
Edalat (Justice) Shares Dividend Will Not Be Paid in Shahrivar
According to Donya-e-Eqtesad, citing Fararu, despite recent rumors, a new payment of Edalat (Justice) Shares dividends will not be made in Shahrivar 1405 (roughly late August to mid September 2026). Per informed sources, the process of collecting profits from investee companies is not yet complete, and the next payment stage requires pooling about 25 trillion tomans in funds that these companies have so far been unable to set aside. Per the report, the dividend due to be paid to more than 40 million Edalat Shares holders in the next stage relates to the final portion of the 1403 fiscal year (ending March 2025) and is estimated at 500,000 to 600,000 tomans per shareholder. Trading of Edalat Shares remains unavailable. The current market value of a 490,000 toman nominal portfolio has reached 43,990,000 tomans, and a 1,000,000 toman portfolio has reached 90,514,000 tomans.
Donya-e-Eqtesad, citing Fararu
Dutch Central Bank Moves $10 Billion of Its Gold Reserves From the US and Canada to the UK
According to Al Jazeera, the Dutch central bank (DNB) said on Wednesday, September 2, 2026 (11 Shahrivar 1405), that it had moved part of its gold reserves from the United States and Canada to the United Kingdom to be, in the bank's words, "better prepared for severe crises." The relocated gold was valued at about 10.11 billion euros (about 11.73 billion dollars) at the end of 2025. The Netherlands holds a total of 612.4 tonnes of gold, worth about 72.2 billion euros (about 83.8 billion dollars), across four locations. Before the move, New York held 31.3 percent of the reserves, now reduced to 18.5 percent, while London's share rose from 18.1 to 32.1 percent. Al Jazeera reported the relocation came as tensions have risen between Europe and the US since the start of the US war in Iran in February this year, with President Donald Trump voicing displeasure at European allies' reluctance to join the war.
Al Jazeera
Upcoming events
Auctions, commodity offerings, and assemblies in the days ahead, each with its announced date and time.
Ordinary General Meeting — Atieh Baran Exclusive Market Making
Ordinary General Meeting — Houshyar Aban Private Market Making
Ordinary General Meeting — KNIF
Ordinary General Meeting — HASF
01:29ShortIran's Two Dollar Rates Drift 4 Points Wider This Week as TEDPIX Ends Its 20-Session Rally in the Red; Market Pulse, Saturday, September 5, 2026
01:15ShortSports Ministry Fully Exits Esteghlal Football Club's Shareholder Register; Its 3.1% Stake Lands at a Persian Gulf Financial Group as the Stock Hits an Eight-Month High (Wednesday, September 2, 2026)
01:32ShortEmami Coin's Premium Falls to 189,000 Tomans Today Despite a Gold and Dollar Jump; Its Tightest Gap in Weeks (Thursday, September 3, 2026)
01:12ShortTehran's TEDPIX Falls 1.21% Today, Wednesday, Ending a Rally of At Least 19 Straight Gaining Sessions (September 2, 2026)
Sahmino Academy
A lesson-by-lesson path through Iran’s markets; start with the latest published lessons.
The Neighborhood's Markets
Money Corridors: Hawala, Dirham & Tether
Secondary Sanctions, OFAC & FATF
56 of 57 syllabus lessons are live.
Useful tools
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Real-time gold, currency, coin, and crypto prices, each with the time it was last updated.
Market events calendarBullion and coin auctions, commodity-exchange offerings, and shareholder meetings.
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For Iranians abroad
Step-by-step Persian and English guides to entering Iran’s markets, where we have no serious competitor.