Today's Snapshot
On Sunday, 7 Tir 1405 (June 28, 2026), Iran's markets are navigating a dual backdrop: on one hand, the 60-day US Treasury sanctions waiver for Iranian oil exports (2 Tir 1405 / June 23, 2026) and the partial reopening of the Strait of Hormuz have raised expectations of foreign-currency inflows; on the other, the free-market dollar continues its upward drift and the Emami gold coin has reached 166.5 million tomans. The Tehran Stock Exchange closed Saturday's session with gains, holding the 5.17-million-point channel. This is a pre-open morning brief prepared before today's trading session.
| Market |
Latest Level |
Move |
As of |
| Free-market USD |
166,500 to 167,000 tomans |
Rising |
07:30 Tehran, 7 Tir 1405 (June 28) |
| Official "agreed" rate (ICE) |
~71,985 tomans |
Stable |
6 Tir 1405 (June 27) |
| EUR (free market) |
~189,350 tomans |
Unavailable for June 28 |
6 Tir 1405 (June 27) |
| 18-karat gold |
16,402,000 tomans/gram |
Rising |
7 Tir 1405 (June 28) |
| Emami gold coin |
166,500,000 tomans |
Rising |
7 Tir 1405 (June 28) |
| TEDPIX (main index) |
~5,176,000 pts |
+15,460 pts |
Saturday close, 6 Tir 1405 (June 27) |
| Tether (USDT/toman) |
~166,400 tomans |
Stable |
6 to 7 Tir 1405 |
| Bitcoin (BTC) |
~$60,000 |
Recovering from weekly low |
Morning of 7 Tir 1405 (UTC) |
| Brent crude |
~$73.74/barrel |
Falling (lowest since late Feb 2026) |
Friday close, 5 Tir 1405 (June 27) |
| Spot gold (XAU/USD) |
~$4,089/oz |
Rising |
Morning of 7 Tir 1405 (UTC) |
Currency
Free market: The US dollar traded at 166,500 to 167,000 tomans on the open market on the morning of Sunday, 7 Tir 1405 (June 28, 2026). On Saturday, 6 Tir (June 27), the rate closed at 166,715 tomans, up 5,215 tomans from the prior day; some market sources described Sunday morning as a "renewed surge" (منبع / source: tgju.org and Eghtesad Online, 6 to 7 Tir 1405).
Official "agreed" rate (توافقی / ICE): The rate at Iran's Currency and Gold Exchange Center (market.ice.ir) was approximately 71,985 tomans (719,847 rials) (source: tgju.org, ice_usd profile). The gap between the free-market and official agreed rates currently exceeds 57%.
Euro: The free-market euro was approximately 189,350 tomans on Saturday, 6 Tir (June 27, 2026) (source: tgju.org, 6 Tir 1405). A specific rate for Sunday, 7 Tir, was not available.
From an analytical standpoint: the US Treasury issued a 60-day waiver on 2 Tir 1405 (June 23, 2026) allowing Iran to produce and sell crude oil, petrochemicals, and petroleum products denominated in US dollars, valid through 31 Mordad 1405 (August 21, 2026), within the framework of the US-Iran ceasefire Memorandum of Understanding signed on 27 Khordad 1405 (June 17, 2026) (source: CNBC, June 23, 2026). Despite this development, the free-market dollar has continued rising in the short term, suggesting market uncertainty about the pace at which these commitments will translate into actual currency inflows. Note: this is context for information purposes only; it does not constitute investment advice.
Gold and Coin
Gold and coin prices continued their upward trend on Sunday, 7 Tir 1405 (June 28, 2026):
- 18-karat gold: 16,402,000 tomans per gram (source: Eghtesad Online, Donya-e-Eqtesad, 7 Tir 1405)
- Gold per mesghal (4.608 g): ~71,050,000 tomans (source: Eghtesad Online, 7 Tir 1405)
- 24-karat gold: ~21,867,000 tomans per gram (source: search data, 7 Tir 1405)
- Spot gold (XAU/USD): ~$4,089 per troy ounce (source: Trading Economics, morning of 7 Tir 1405 UTC)
Coin prices on Sunday, 7 Tir 1405 (source: Etemad Online, Eghtesad Online, 7 Tir 1405):
- Full Bahar Azadi coin (Emami type): 166,500,000 tomans
- Full Bahar Azadi coin: 162,000,000 tomans
- Half coin: 87,000,000 tomans
- Quarter coin: 50,500,000 tomans
- 1-gram coin: ~26,000,000 tomans
Coin premium (حباب سکه): The Emami coin premium over its intrinsic gold value was approximately 5,422,000 tomans (~3.4%); the Bahar Azadi premium was ~737,000 tomans (~0.5%). The half-coin premium was reported at ~6,843,000 tomans (~7.9%), an unusually high figure that should be interpreted with caution (source: tgju.org, 7 Tir 1405).
Spot gold above $4,000 per ounce is the primary driver of elevated domestic gold and coin prices.
Tehran Stock Exchange
The Tehran Stock Exchange closed Saturday's session, 6 Tir 1405 (June 27, 2026), with gains. The TEDPIX (main weighted index) rose 15,460 points to approximately 5,176,000 (source: Eghtesadnews, Taadol newspaper, Borna News, 6 Tir 1405).
The equal-weight index oscillated between approximately 1,325,000 and 1,352,000 during the first week of Tir and underperformed the main index over the week, reflecting the greater contribution of large-cap stocks to the TEDPIX gain (source: Eghtesadnews, 6 Tir 1405). Aggregate trade value across markets (TSE, Fara Bourse, commodity exchange, energy exchange) during the first week of Tir was approximately 69,461 billion tomans (source: bourse news outlets, 6 Tir 1405).
Retail (حقیقی) vs. institutional (حقوقی) money flow data for the 6 Tir session specifically was not confirmed. For context: 1 Tir saw a 6.5 trillion-toman retail outflow; 2 Tir saw a 4,495 billion-toman retail inflow (source: Eghtesad Online).
Leading sectors: Refining, petrochemicals, basic metals (steel), banking, and mining were the week's most active groups. Small and mid-cap stocks broadly underperformed, as reflected in the equal-weight index (source: Taadol newspaper, Eghtesadnews, 6 Tir 1405).
Context: The Tehran Stock Exchange reopened on 29 Ordibehesht 1405 (May 19, 2026) after approximately 80 days of suspension related to regional tensions. Since reopening, the TEDPIX has gained approximately 24% in 16 trading sessions and touched an all-time intraday high of 5.1 million on 27 Khordad 1405 (June 17, 2026) (source: Mashregh News, 1405). The first week of Tir was described as "volatile with a hopeful ending" (source: Eghtesadnews, 6 Tir 1405).
Crypto
Bitcoin (BTC) was trading in the range of $59,800 to $60,200 on the morning of 7 Tir 1405 (June 28, 2026, UTC), recovering from a weekly low of approximately $58,115 on 4 to 5 Tir (June 25 to 26) (source: LiteFinance, CoinDesk, Robinhood Prediction Market, 7 Tir 1405). BTC is down approximately 18% from its month-opening level of ~$73,674.
Ethereum (ETH) was in the range of $1,560 to $1,580 (source: Coinbase, MetaMask, 7 Tir 1405). The Ethereum Foundation announced on 2 Tir 1405 (June 23, 2026) a 20% workforce reduction (from approximately 270 staff) and a 40% cut to its 2026 operating budget (source: MEXC, CoinDesk, 2 Tir 1405).
The Tether (USDT) rate in Iran's domestic market was approximately 166,400 tomans, confirmed across three independent sources for 6 to 7 Tir 1405 (source: Bon-Bast, Arzdigital, Nobitex). This rate closely tracks the free-market dollar.
Iron and Steel
Iran's steel market was described as fully stable during the opening days of Tir 1405. The following figures are for 5 to 6 Tir 1405 (June 26 to 27, 2026) (source: Ahanonline, Ahanpakhsh, Gahar, 5 to 6 Tir 1405):
- Rebar: 57,910 to 71,820 tomans per kilogram (varies by diameter and mill). Zob Ahan Esfahan size 12 mm: ~71,820 T/kg; cheapest: Abarkuh size 18 mm: ~57,910 T/kg.
- I-beam, size 14 (Zob Ahan Esfahan): ~13,364,000 tomans per piece (source: Ahanpakhsh, 4 Tir 1405).
- Hot-rolled coil (Foolad Mobarakeh) at IME: Average transaction price ~9,491 tomans per kilogram (1 Tir 1405), down approximately 7% from the prior week (source: Bourse24, 1 Tir 1405).
The Iran Mercantile Exchange (IME) is closed on Sundays (7 Tir); the next steel session resumes Monday, 8 Tir 1405 (June 29).
Automobiles
The car market has been described as being in "recession and waiting mode" in recent days. The following prices are for Saturday, 6 Tir 1405 (June 27, 2026) (source: Rokna, Noandish, Fararu, 6 Tir 1405):
- Quik S (Saipa): ~1,175,000,000 tomans
- Shahin Automatic G (Saipa): ~2,220,000,000 tomans (down ~300 million tomans from the start of Khordad)
- Dena Plus Automatic (IKCO): ~2,615,000,000 tomans (down 105 million tomans on 6 Tir alone)
- Peugeot 207 Panorama Automatic: ~2,630,000,000 tomans
Open-market prices for most models remain 200 to 600 million tomans above factory prices (based on the IKCO and Saipa official Khordad-Tir 1405 price lists). Price declines in higher-end models may indicate softening demand in that segment.
Building Materials
The building materials market was quiet and little-changed during the first week of Tir 1405. Cement (50-kg bag) ranged from 253,000 to 281,000 tomans (source: Tejaratnews, Etemad Online, Sivanland, 6 Tir 1405):
- Abik cement (Type 2): ~255,000 tomans per bag
- Saveh cement (Type 2): ~253,000 tomans per bag
- Sofian cement (Type 2): ~281,000 tomans per bag
No notable price changes in other building materials were reported for this period.
Global Backdrop
The dominant story for Iran's economy this week: the US Treasury's 60-day sanctions waiver for Iranian oil, petrochemical, and petroleum product exports in US dollars (2 Tir 1405 / June 23, 2026, valid through 31 Mordad 1405 / August 21, 2026), issued under the US-Iran ceasefire Memorandum of Understanding signed on 27 Khordad 1405 (June 17, 2026) (source: CNBC, June 23, 2026).
- Brent crude: ~$73.74/barrel at Friday's close (5 Tir 1405 / June 27, 2026); lowest level since late Esfand 1404 (late February 2026) (source: Fortune, CNBC)
- WTI crude: ~$68.86 to $70.05/barrel at Friday's close (5 Tir 1405) (source: Fortune, CNBC)
- Spot gold (XAU/USD): ~$4,089/oz on the morning of 7 Tir 1405 (UTC) (source: Trading Economics)
- US Dollar Index (DXY): ~101.4 at Friday's close (5 Tir 1405) (source: TradingView)
- S&P 500 futures: ~7,402 pts (source: Barchart, 5 Tir 1405 / June 27, 2026)
The Strait of Hormuz is currently flowing at approximately 4.8 million barrels per day, compared with approximately 15 million bpd before the crisis. Regional producers (UAE, Iraq, Saudi Arabia) have been ramping up exports, adding downward pressure to crude prices (source: CNBC, June 24, 2026).
What to Watch Today
- TSE session (Sunday, 7 Tir 1405): whether TEDPIX holds the 5.17-million channel; retail vs. institutional money flow in the refining and banking groups
- Free-market dollar rate during trading hours: a move above or retreat from 167,000 tomans
- Tether (USDT) rate on Nobitex: a quick proxy for the parallel dollar rate
- News on implementation of the US-Iran MoU and Strait of Hormuz reopening progress
- IME commodity offerings from Monday, 8 Tir 1405: steel products and petrochemicals
- Spot gold holding support near $4,000/oz internationally
Disclaimer
This report is prepared solely for market education and information purposes and does not constitute investment advice, a recommendation to buy or sell, or a guarantee of any return. All figures are dated and sourced; they may change rapidly throughout the day. Verify all information from up-to-date, authoritative sources before making any financial decisions.
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