Iran Market Pulse: Tuesday Morning, June 30, 2026

Executive Summary

Tuesday morning, 9 Tir 1405 (June 30, 2026): Iran's markets enter a new session against two dominant forces — Monday's currency spike and the ongoing Doha nuclear talks. The free-market dollar closed 8 Tir (Monday, June 29) up 5.54%, re-entering the 170,000-toman channel. TEDPIX fell 0.34% to 5,058,126 units; the equal-weight index rose 0.14%, and 64% of symbols closed positive. Global gold is near $3,985/oz after its worst-performing June since 2008.

Currency Market

The free-market dollar closed Monday 8 Tir 1405 up 5.54% at approximately 170,450 tomans. The free-market euro was near 195,330 tomans. The primary driver was geopolitical uncertainty stemming from the ongoing nuclear negotiations in Doha, Qatar.

The agreed rate (Iran Currency and Gold Exchange Center) for Tuesday morning 9 Tir 1405: sell rate 147,305 tomans, buy rate 145,979 tomans (up 348 tomans from the prior day). The spread between the free-market and agreed rate is approximately 24,700 tomans (about 16.7%).

Iran's Central Bank has officially denied recent unofficial reports of an interest rate change.

Gold and Coins

18-karat gold traded between 16,836,000 and 16,933,000 tomans per gram across 8-9 Tir 1405, approaching the 17-million-toman channel.

Reference coin prices at the open of 9 Tir 1405:

• Full Bahar Azadi coin (Imam design): approximately 169,995,000 tomans (retail free-market price up to 175,980,000 tomans)
• Half coin: approximately 88,000,000 tomans
• Quarter coin: approximately 52,500,000 tomans

The Emami coin premium (difference between market price and gold melt value) is estimated at 6,000,000 to 6,600,000 tomans.

Globally, spot gold (XAU/USD) closed Monday June 29, 2026 down 0.76% near $3,985/oz. June 2026 was gold's worst June performance since 2008 (monthly decline of approximately 12.8%).

Tehran Stock Exchange

At the close of Monday 8 Tir 1405, the TEDPIX (overall index) fell 17,454 points (0.34%) to 5,058,126 units. The equal-weight index rose 1,811 points (0.14%) to 1,319,042 units. This divergence signals selling pressure on large-cap index heavyweights (petrochemicals and base metals) while demand partially returned to smaller-cap stocks.

Retail trading value on 8 Tir 1405 was approximately 33,979 billion tomans (near 34 trillion tomans). Net retail money outflow was estimated at around 4.8 trillion tomans. Despite the outflow, 64% of symbols closed in positive territory.

In weekly context, Sunday 7 Tir was the harshest session: TEDPIX fell 1.95% and 7.2 trillion tomans in net retail money exited the market. Monday 8 Tir represented a relative stabilization.

Rotation from large-cap names (petrochemicals, metals, banks) toward smaller stocks has been a defining feature of this week's trading.

Crypto

In global crypto markets on Monday June 29, 2026, Bitcoin traded in the $59,700 to $59,900 range. Ethereum fluctuated between $1,572 and $1,617. The USDT rate on the Iranian market (Nobitex, 8 Tir 1405) was approximately 17,220 tomans per unit, consistent with the free-market dollar rate.

Steel and Metals

The steel market was calm with minor movements across 7-9 Tir 1405:

• Rebar size 20 (Grade A3) (7 Tir 1405): 58,450 to 60,910 tomans/kg (day-over-day gain approximately 301 tomans, +0.5%)
• I-beam size 16 (9 Tir 1405): approximately 81,651 tomans/kg
• 2mm black sheet (8 Tir 1405): approximately 95,910 tomans/kg

Rebar export prices are near $400/ton (FOB). Chinese iron ore traded at approximately 746 CNY/ton on June 29, 2026. Market participants are awaiting clearer direction on currency rates.

Automotive Market

Used car prices on 9 Tir 1405 showed a mixed trend after several consecutive days of decline:

• Peugeot 207 TU3: approximately 1,620,000,000 tomans (down approximately 30 million from the prior day)
• Dena Plus 6-speed: approximately 2,070,000,000 tomans (down approximately 30 million)
• Tara Automatic V4: approximately 2,550,000,000 tomans

The free-market dollar rate remains the primary determinant of car prices in this market.

Building Materials

The building materials market has been calm and largely unchanged in recent sessions (9 Tir 1405). At the Iran Mercantile Exchange (IME), total offerings reached 675,769 tons, of which 200,186 tons was domestic cement and 183,500 tons was export-grade cement. Bulk cement (50kg bags) is priced around 36,000 tomans. Summer is the peak construction season; demand remains at normal levels.

Global Markets

Latest global prices as of Monday June 29, 2026:

• Brent crude: $74.01/bbl (+0.14%)
• WTI crude: $70.32 to $70.95/bbl
• Dollar Index (DXY): approximately 101.2 (down from a 14-month high of 101.8)
• Spot gold: $3,985/oz
• S&P 500: approximately 7,440 (June 29 close)

Iran-US nuclear talks in Doha remain ongoing. On June 22, 2026, the US Treasury issued a 60-day waiver on Iranian crude oil exports, placing oil under downward pressure. Uncertainty over the pace of sanction relief and deal implementation has been reflected in Iran's currency market.

What to Watch Today

• Direction of the free-market dollar following Monday's 5.5% spike.
• Any official statement from the Doha talks or response from the Central Bank.
• Equity money flow at the TSE; the three preceding sessions (6, 7 and 8 Tir) saw a combined net retail outflow exceeding 14 trillion tomans.
• Iran Mercantile Exchange offerings for today's session.

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This report is for informational purposes only and does not constitute a recommendation to buy, sell or hold any asset. Figures are compiled from publicly available sources at the time of publication and may differ from official or real-time rates. Investing involves risk.