Articles
Neutral, dated analysis and explainers across Iran’s markets.
EducationalWhat Is the Coin Premium (Hobab) and How Is It Calculated?
AnalysisEmami Gold Coin's Premium Falls to 5,101,000 Tomans on Friday, July 10, 2026; Three Legal, Tax-Exempt Ways to Trade It
On Friday, July 10, 2026 (19 Tir 1405), Iran's Emami coin traded around 182 million tomans and its premium over intrinsic gold/dollar value fell to 5,101,000 tomans (about 2.8%), down from 7,091,000 a week earlier. This piece explains the mechanics and three legal, tax-exempt trading channels: the CBI auction, the exchange coin deposit certificate, and gold funds.
AnalysisCoin Premium Rose 6.85% This Week; Why, Even as Global Gold Fell? (Wednesday, July 8, 2026)
The Emami gold coin's premium reached about 7,091,000 tomans in its latest weekly reading (Sunday, July 5, 2026), up 6.85% week on week. That happened even as global gold fell about $49 (1.2%) from $4,165 to $4,116 on Tuesday night after the Strait of Hormuz attack pushed the Fed toward a more hawkish tone.
NewsEmami Gold Coin Hits 178 Million Toman as Its Premium Widens 44% in a Week (Thursday, July 2, 2026)
Iran's Emami gold coin jumped nearly 5 million toman on Thursday, July 2, 2026 (11 Tir 1405), reaching 177 to 178 million toman. Per Sahmino's own prior report, the coin's premium over its intrinsic gold value had already widened 44% in the week to July 1, hitting 7,863,000 toman. The main driver: the free-market dollar's roughly 9% weekly surge and political uncertainty around the Iran-US-Israel ceasefire.