This is the Thursday edition. The Tehran Stock Exchange is closed on Thursdays and Fridays, so instead of a daily recap you are reading a review of the week that passed plus a look at the week ahead. Domestic market figures refer to the last trading sessions of the week (through Wednesday 3 Tir 1405, which is 24 June 2026), while global figures reflect late week and early morning moves.
Snapshot
The week unfolded under a de-escalation backdrop: with the ceasefire holding, a gradual reopening of tanker traffic through the Strait of Hormuz, and the announced reopening of Iran's airspace, the war risk premium drained out of prices. In that setting, global spot gold and Brent crude fell noticeably, domestic gold and coins eased, the car market softened slightly, and the free-market dollar was little changed. By contrast, the Tehran Stock Exchange total index, which had been halted during the conflict, traded in record territory near 5,097,000 points after reopening.
| Market | Latest value | Weekly trend | As of |
|---|---|---|---|
| Free-market USD | about 161,500 toman | little changed | 3 Tir 1405 (24 Jun 2026) |
| Tavafoqi USD (Exchange Center) | sell about 146,138 toman | slightly higher | 2 Tir 1405 (23 Jun 2026) |
| 18K gold (per gram) | about 16 million toman | down | 3 Tir 1405 (24 Jun 2026) |
| Emami coin | about 163 million toman | down | 3 Tir 1405 (24 Jun 2026) |
| TEDPIX total index | about 5,097,000 points | record territory | mid to late June 2026 |
| Tether (USDT) | about 164,900 toman | little changed | 3 Tir 1405 (24 Jun 2026) |
| Bitcoin | about 63,000 USD | down | 24 Jun 2026 |
| Spot gold (XAU) | about 4,100 to 4,135 USD | down | 24 Jun 2026 |
| Brent crude | about 74.7 USD | down | 24 Jun 2026 |
Every figure below is given with its source and timestamp. Numbers change within hours.
Currency
The facts: At the end of the trading week, the free-market dollar was reported at about 161,500 toman, little changed from the prior day (source: Eghtesad Online and Imna, Wednesday 3 Tir 1405 / 24 June 2026). The "tavafoqi" rate (the official "agreed" rate of Iran's Currency and Gold Exchange Center) was quoted at about 146,138 toman on the sell side and about 144,823 toman on the buy side, roughly 177 toman higher than the previous day (source: Taadol newspaper and Etemad Online, Tuesday 2 Tir 1405 / 23 June 2026). The gap between the free-market and tavafoqi rates was about 15,000 toman, near 10 percent.
Why, and what to keep in view: The relative calm in the free-market dollar, coinciding with regional de-escalation and news of the airspace and maritime reopening, is consistent with reduced expectations of sudden jumps. This section is description only, not a recommendation to buy or sell.
Gold and Coin
The facts: Each gram of 18-karat gold traded at about 16 million toman at week's end (across reports, between about 15,965,880 and 16,085,000 toman; source: AlanChand at 04:40 on Wednesday 24 June, and Noandish on 3 Tir 1405). The Emami coin was about 163 million toman with a premium (the gap between market price and the coin's intrinsic gold value) of about 4.21 percent; the Bahar Azadi coin about 158 million toman; the half coin about 85.5 million toman; and the quarter coin about 49 million toman (source: AlanChand, 24 June 2026). Domestic reports this week described gold and coins as falling.
Why: The main driver was the drop in global spot gold. The ounce sat in a range of about 4,100 to 4,135 USD in the early hours of 24 June and fell steeply over the week to its lowest level since late 2025; some reports logged intraday prints near or below 4,000 USD (source: AlanChand, Trading Economics and USAGOLD, 24 June 2026). A stronger US dollar index and expectations of a more hawkish Federal Reserve, alongside the easing of war tensions, drove the retreat. The coin premium (haba), the gap between the market price and the value of the gold a coin actually contains, remains worth watching.
Stocks
The facts: The Tehran equity market, which had been halted during the late-winter conflict (the last index level recorded before the halt was about 3,652,000 points on 24 February 2026; source: Trading Economics), entered record territory after reopening. The total index (TEDPIX) printed about 4,819,000 points (14 June, up 2.61 percent) and then about 5,097,000 points (16 June, an all-time record), and in the latest available data it was still near 5,097,000 points, about 37.23 percent higher than a month earlier (source: Tehran Times, MarketScreener and TSETMC, June 2026).
Why: Market sources attribute the climb to liquidity flooding into equities amid high inflation and limited competing options, with broad-based gains across banks, industrials and commodity-linked names. Note that detailed figures for this week (value of trades and net real-versus-legal money flow on a day-by-day basis) were not independently confirmed, and we do not invent numbers for them in this report.
Crypto
The facts: On 24 June, Bitcoin traded at about 63,000 USD (opening near 62,660 USD and about 62,760 USD at 8:38 a.m. US Eastern time; Trading Economics quoted about 63,616 USD) and Ethereum at about 1,700 USD (opening near 1,665 USD), the lowest levels in roughly two weeks (source: Yahoo Finance, Fortune and Trading Economics, 24 June 2026). The Tether rate on Nobitex was about 164,900 toman on 3 Tir 1405, up about 1.48 percent over 24 hours (source: Nobitex and Arzdigital).
Why: Pressure on crypto came mainly from the stronger dollar and expectations of higher US interest rates, the same force that pushed gold lower. The key point for the domestic reader: the global price is in USD, but the toman price of Tether embeds the dollar rate, which is why Tether trades close to and slightly above the free-market dollar.
Iron and Steel
The facts: Steel had a quiet week. In the physical market, sample rebar prices were in a range of about 59,000 to 66,000 toman per kilogram (for example, 12 mm ribbed A3 from Qaem Razi at about 59,450 toman and 10 mm plain from Novin Matin at about 65,688 toman; source: Taadol newspaper and Ahan Online, 1 to 3 Tir 1405) and most products were offered unchanged. On the Iran Mercantile Exchange, bloom billet was offered to buyers at a base price of about 588,178 rials (close to 58,818 toman per kilogram) (source: Iran Mercantile Exchange, early Tir 1405).
Why: Price stability reflects a wait-and-see mood in steel; the main drivers, the exchange rate and global steel, both had a calm week.
Cars
The facts: Car market prices softened slightly at week's end. On 3 Tir 1405, the Dena Plus automatic traded at about 2.615 billion toman (about 5 million toman below the prior day), the Peugeot 207 Panorama automatic at about 2.630 billion toman (down about 10 million toman), the Tara automatic V4 at about 2.555 billion toman, the Peugeot 207 with the TU3 engine at about 1.592 billion toman, and the Soren Plus XU7P at about 1.580 billion toman (source: Etemad Online and Eghtesad Online, 3 Tir 1405 / 24 June 2026).
Why: Reports described the car market as awaiting the outcome of negotiations; with de-escalation and a calmer currency, panic buying eased and prices drifted slightly lower. The gap between factory and market prices remains the key driver of the market margin.
Building Materials
The facts: Cement continues to trade via commodity deposit certificates on the Iran Mercantile Exchange, purchased competitively and online (source: Iran Mercantile Exchange guides). Detailed, confirmed cement and other material prices for this week (Tir 1405) were not available in sources; the most recent building-materials list was for 30 Khordad 1405 (20 June 2026) (source: Nabz-e Bourse). To avoid fabricating numbers, we mark this week's up-to-date figure as unavailable.
Why: The materials market typically follows seasonal construction demand, energy costs and the exchange rate; absent fresh data, we refrain from quantitative comment on this week.
Global Backdrop
The facts: Brent crude (August delivery) fell about 3.05 percent on 24 June to about 74.7 USD, its lowest since before the war began; West Texas Intermediate eased to about 70.3 USD and briefly dipped below 70 USD for the first time since early March (source: CNBC, 24 June 2026). The US dollar index (DXY) rose above 100 to roughly a one-year high (near 101; source: Trading Economics and USAGOLD). Global spot gold was lower (a range of about 4,100 to 4,135 USD). In US stocks, the S&P 500 fell about 0.71 percent and the Nasdaq about 1.34 percent (indicative figures, source: Trading Economics, 24 June 2026).
One Iran-relevant headline (non-political): According to international wire reports, after the ceasefire agreement and the memorandum of understanding signed between the United States and Iran on 17 June to extend the ceasefire for 60 days and begin negotiations, tanker traffic through the Strait of Hormuz moved toward normalization, and Mehr News Agency reported that Iran's airspace would reopen at 10:30 GMT on Wednesday 25 June (source: Associated Press, NPR, Axios and Mehr). This de-escalation has been the main driver of the drop in the risk premium in oil and gold.
What to Watch This Week
The following is only a list of events and data to follow; none of it is a recommendation to act:
- The course of negotiations and adherence to the ceasefire within the 60-day window, and its effect on currency expectations.
- The full reopening of maritime traffic through the Strait of Hormuz and of airspace, and its reflection in oil.
- The path of global spot gold and the dollar index (DXY) and Federal Reserve rate expectations.
- The reopening of Tehran Stock Exchange trading on Saturday, plus value of trades and real-versus-legal money flow.
- Steel and cement offerings on the Iran Mercantile Exchange and new base prices.
- Updates to the Exchange Center tavafoqi rate and its gap with the free market.
Disclaimer
This is educational market reporting, not investment advice, a buy or sell recommendation, or a promise of returns. All figures are dated and sourced and may change within hours; verify the numbers against the original source before making any decision.
Sources
- Eghtesad Online, Imna: free-market dollar, gold and coin, cars, 3 Tir 1405 (24 Jun 2026).
- Taadol newspaper, Etemad Online: tavafoqi dollar (Exchange Center), 2 Tir 1405 (23 Jun 2026); rebar, 1 Tir 1405.
- AlanChand (alanchand.com): 18K gold, coins and premium, spot gold, 24 June 2026.
- Noandish: gold and coin, 3 Tir 1405.
- Nobitex, Arzdigital: Tether rate, 3 Tir 1405.
- Tehran Times, MarketScreener, TSETMC: total stock index, June 2026; Trading Economics: last level before the halt.
- Iran Mercantile Exchange: bloom billet and cement deposit certificates, early Tir 1405.
- CNBC: Brent and WTI crude, 24 June 2026; Trading Economics and USAGOLD: dollar index, spot gold and US stocks.
- Associated Press, NPR, Axios, Mehr, Britannica: ceasefire, Strait of Hormuz and airspace, June 2026.
