Good morning. Today's edition — Wednesday morning, 3 Tir 1405 (24 June 2026) — leads with how a calmer regional picture is feeding through to global markets: according to international news agencies, the Iran–US agreement (14 June) to end the conflict and reopen the Strait of Hormuz pushed global oil and gold to multi-month lows. Domestically, gold and coin fell in step with spot gold, while the Tehran Stock Exchange rose in its most recent session (Tuesday 2 Tir / 23 June) on real-money inflows, and the free-market dollar barely moved. Note: 8 a.m. is pre-market — equity figures refer to the prior session (Tuesday 2 Tir / 23 June), and parallel-market and global figures are the latest readings through the close of Tuesday 2 Tir / early 3 Tir (23–24 June).
Snapshot
Headline figures at a glance (each value is dated and sourced in the sections below):
| Market | Latest | Change | As of |
|---|
| Free-market USD | 160,200 toman | ~ +700 toman | close Tue 2 Tir / 23 Jun |
| Official "agreed" USD (Exchange Center, sell) | 146,138 toman | — | Tue 2 Tir / 23 Jun |
| Free-market EUR | 183,280 toman | — | Tue 2 Tir / 23 Jun |
| 18k gold (per gram) | 16,037,300 toman | down ~1.5% | Tue 2 Tir / 23 Jun |
| Emami coin | ~163,000,000 toman | lower | Tue 2 Tir / 23 Jun |
| TEDPIX (main index) | 5,160,903 | +88,224 (+1.74%) | close Tue 2 Tir / 23 Jun |
| Bitcoin | ~$62,250 | down ~4% | 23 Jun / 2 Tir |
| Spot gold (XAU) | ~$4,075 | down ~1% (7-month low) | 24 Jun / 3 Tir |
| Brent crude | ~$77.2 | ~3-month low | 23 Jun / 2 Tir |
Currency
What happened: At the close of Tuesday 2 Tir (23 June), the free-market US dollar was reported near 160,200 toman, roughly 700 toman higher than the same time the previous day (source: Imna/EcoIran, consistent with tgju.org). The euro traded around 183,280 toman. On the official side, the "agreed" dollar (توافقی, toafoghi — the managed rate set at Iran's Currency & Gold Exchange Center) was quoted at a remittance sell rate of 146,138 toman and buy rate of 144,823 toman (source: Exchange Center, 2 Tir). The gap between the free and official dollar is therefore about 14,000 toman (near 9.6%).
Why (outlook, kept separate from the facts): Despite the upbeat tone around the reported agreement, the free dollar held near its highs and did not move materially — cautious behavior usually attributed to the market awaiting the deal's implementation details. This is interpretation and should not be a basis for any buy or sell decision.
Gold & Coin
What happened (Tuesday 2 Tir / 23 June): A gram of 18-karat gold traded around 16,037,300 toman and the Emami coin around 163 million toman (lower than the prior day). The Emami coin premium (حباب, the amount the coin trades above its intrinsic gold value) was about 7,171,000 toman. Other pieces: half-coin 85,200,000, quarter-coin 49,200,000, and the gram coin 25,000,000 toman (source: Eghtesad Online/Noandish/Donya-e-Eqtesad, 2 Tir). The global driver, spot gold, was near $4,075, around a seven-month low (down ~1%).
Why: The decline in gram gold and the coin mainly reflects the fall in spot gold; that fall, in turn, is attributed to reduced risk after the reported agreement and a hawkish Federal Reserve stance. The coin premium shows that part of the coin's price sits above the intrinsic value of its gold content.
Stocks
What happened (Tuesday 2 Tir / 23 June session): The TEDPIX main index of the Tehran Stock Exchange rose 88,224 points (1.74%) to 5,160,903, and the equal-weight index gained 12,254 points (0.92%) to 1,337,479. Value of share trades was about 19.8 thousand-billion toman, with real-money (retail) net inflow of roughly 3.9 thousand-billion toman. The Iran Farabourse (OTC) overall index also rose 627 points (1.64%) to 38,848 (source: Mehr News/Eghtesad Online citing TSETMC, 2 Tir).
Why: The advance came alongside net real-money inflows; analysts partly link the flow to expectations that easing tensions could improve the macro backdrop. This is a description of conditions, not a forecast.
Crypto
What happened (23 June / 2 Tir): Bitcoin traded near $62,250 (down ~4%, about $2,780 from the previous morning) and Ethereum near $1,654 (down ~$106) (source: Fortune/Yahoo Finance). Tether (USDT) on domestic exchanges traded near 160,500 toman, in an approximate range of 158,000–162,000 toman depending on the exchange (source: Nobitex/tgju.org).
Why: Pressure on global crypto is attributed to the hawkish Fed stance and rising odds of a rate hike. Note that the global price is in US dollars, while the toman price of Tether embeds the domestic dollar rate.
Iron & Steel
What happened (2 Tir / 23 June): In the physical market, a kilogram of size-20 ribbed rebar from Zob Ahan Esfahan was offered around 58,180 toman, with the same size from Zafar Bonab and Mianeh near 61,360 and 59,730 toman respectively (source: Ahan Online/Taadol, 2 Tir). On the Iran Mercantile Exchange (IME), it was reported that steel billet prices overtook rebar; the rebar offer base is set about 11% above the weekly average billet price (source: IRNA/IME). The rebar market showed limited fluctuation on the day.
Why: The main drivers here are the exchange rate and global steel prices; moves in currency and energy costs feed directly into production costs.
Cars
What happened (2 Tir / 23 June): The domestic car market was in a downtrend, with most Iran Khodro and Saipa models down 5 to 35 million toman (source: Rokna/Shargh). Examples: Peugeot 207 automatic with panoramic roof down ~20 million to 2,640 million toman, Peugeot 207 manual (hydraulic) down ~12 million to 1,830 million toman, Quick manual down ~5 million to 1,175 million toman, Shahin GL down ~20 million, and Saina S unchanged at 1,220 million toman.
Why: The price declines are described alongside a wait-and-see mood around the talks and a calmer FX market; the gap between factory and market prices (the "market margin") is a key driver of these swings.
Materials
What happened: Cement trades via commodity deposit certificates on the IME. A verified daily cement price for 2 Tir was not available from credible sources, and to avoid quoting a stale figure no specific number is given here. Broadly, this market tracks seasonal construction demand and energy costs.
Global backdrop
What happened (23–24 June / 2–3 Tir): Spot gold near $4,075, around a seven-month low; Brent crude about $77.2 and WTI about $73.4, near a three-month low; the US Dollar Index (DXY) around 101.4 (~ +0.36%). Markets price roughly a 68% probability of a rate hike at the Fed's September meeting (source: TradingEconomics/Investing/CNBC). The week's main driver is reporting on the Iran–US agreement (14 June) to end the conflict and reopen the Strait of Hormuz, which eased concern over oil-supply disruption (source: NPR/Al Jazeera/CFR). This report addresses only the market dimension of the event.
What to watch today
This is a list of events to observe and stay informed about only — it contains no recommendation to buy or sell anything:
- Weekly steel and rebar offerings on the IME (mid-week) and the cleared prices.
- Details and implementation steps of the reported Iran–US agreement and its read-through to FX and spot gold.
- The path of spot gold and the dollar index ahead of US economic data.
- The Tehran Stock Exchange reopening (Wednesday 3 Tir, 09:00) and whether real-money inflows continue or stall.
- The official "agreed" dollar at the Exchange Center and its gap with the free market.
Disclaimer
This is an educational, informational market report — not investment advice, a buy/sell signal, or any guarantee of returns. All figures are dated and sourced and may change in the hours after publication; verify with official sources before making any decision.
Sources
TSETMC and Mehr News/Eghtesad Online (stocks); Imna, EcoIran, Shargh, and the tgju.org gold-and-currency network (FX and gold); Iran's Currency & Gold Exchange Center (official "agreed" rate); Eghtesad Online/Noandish/Donya-e-Eqtesad (coin and gold); Nobitex and Fortune/Yahoo Finance (crypto); Ahan Online/Taadol and IRNA/IME (steel); Rokna/Shargh (cars); TradingEconomics, Investing, CNBC, NPR, Al Jazeera, and CFR (global markets and events). Data through the close of Tuesday 2 Tir 1405 / early 3 Tir (23–24 June 2026).
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