Articles
Neutral, dated analysis and explainers across Iran’s markets.
Market updateIran Market Pulse: Saturday Morning, 10 Mordad 1405 (1 August 2026); Equal-Weight Index Hits a Record as 36 of 40 Industries Close the Week Green
The Tehran Stock Exchange reopens today, Saturday 10 Mordad 1405 (1 August 2026), after a two-day closure, having ended last week on a contradiction: the equal-weight index set an all-time record at 1,432,808 points and, per SENA, 36 of 40 active industry indices rose while 9 industries reached record highs, yet the headline index at 5,075,099 points is still 4.45% below its 16 Tir peak. In the currency market, Tether at 194,486 tomans sits 2,086 tomans above the cash dollar.
Market updateIran Market Pulse: Friday Midday, July 31, 2026; Gold, Silver, Platinum and Palladium All Turned Red Together
This morning silver was the only green metal on the global board; by midday it had turned red too. As of 11:00 on Friday, 9 Mordad 1405 (31 July 2026), spot gold trades near $4,075 (down 0.9 percent) and spot silver near $58 (down 1.8 percent), with platinum and palladium also lower. It happens in a month when Brent has gained more than 20 percent. The reason for the contradiction sits in Washington: markets are pricing a rate hike, not a cut.
Market updateIran Market Pulse: Wednesday Midday, July 29, 2026; The Headline Index Fell 32,000 Points While the Equal-Weight Stayed Green
As of 11:12 on Wednesday, 7 Mordad 1405 (29 July 2026), the Tehran Stock Exchange headline index stood 32,166 points (0.63%) below yesterday's close, while the equal-weight index was 5,225 points (0.37%) higher at the very same moment: two indices, two directions. That means today's selling is concentrated in the large caps, not across the market. Outside the hall, Brent held its overnight jump at $87.13 and domestic gold slipped even as the global ounce rose.
Market updateIran Market Pulse: Wednesday Morning, 29 July 2026; Brent Jumped 4.45% Overnight
Markets closed yesterday with Brent near $84 and open this morning with Brent at $87.61: a 4.45% overnight gain as of 07:57 on 7 Mordad 1405 (29 July 2026) refilled the risk premium that had drained last week. Meanwhile the 25 kg bullion auction did its work: the Emami coin fell 0.82% even as 18 karat gold rose, and its premium shrank by 1,731,000 tomans. The free market dollar crossed 190,000 tomans and TEDPIX closed a fifth green session at 5,109,003 points.
Market updateIran Market Pulse: Tuesday Midday, July 28, 2026; TEDPIX Passes 5.1 Million With 85% of the Day's Gain Booked at the Open
As of 11:08 on Tuesday, 6 Mordad 1405 (28 July 2026), the Tehran Stock Exchange's main index stands at 5,101,790 points, up 49,722 points (0.98%). But the real story lies elsewhere: the market opened at 09:05 at 5,094,120, meaning nearly 85% of today's gain was booked before a single share changed hands, and only 7,670 points have been added since. The equal-weight index is outpacing the main index at 1.18%, Bitcoin is down 2.23%, and Brent crude is in its third consecutive losing session.
Market updateIran Market Pulse: Tuesday Morning, 28 July 2026; The Coin Premium Widened 32.7% in a Single Day
On Monday, 5 Mordad 1405 (27 July 2026), everyone watched the dollar, which rose 0.8%. The number that actually jumped was the Emami coin premium: up 32.73% in one day to 4,745,000 tomans, on a night when spot gold fell 0.81%. Gold rose 1.85% a gram, the Emami coin 2.21%, TEDPIX closed 49,738 points higher at 5,052,068, and bitcoin shed 2.65% ahead of the Fed. Today at 14:00 Tehran time the gold bullion auction is held.
Market updateIran Market Pulse: Monday Midday, July 27, 2026; Brent Sinks 6.6% While Tehran Stocks Give Back 16,000 Points From the Opening High
By 11am on Monday, 5 Mordad 1405 (27 July 2026), the biggest number of the day was not printed in Tehran: Brent crude fell 6.64% to $90.75 a barrel, while spot gold rose 1.26% to $4,103.88. The Tehran Stock Exchange opened with a 59,931 point jump to 5,062,261, then slid back to 5,045,979 by 11:05, leaving it 16,282 points below the day's high.
Market updateIran Market Pulse: Monday Morning, July 27, 2026; TEDPIX Added 107,877 Points and Reclaimed the 5 Million Channel
The Tehran Stock Exchange main index closed Sunday, 4 Mordad 1405 (26 July 2026) at 5,002,330 points, up 107,877 points or 2.20 percent, back inside the five million channel. The same day the free-market dollar fell 1.72 percent to 186,500 tomans and 18-karat gold dropped 2.1 percent to 17,878,900 tomans, while spot gold stood 0.89 percent higher at $4,088 this Monday morning. The gold-bar auction margin deadline falls today.
Market updateIran Market Pulse: Sunday Morning, 4 Mordad 1405 / 26 July 2026; Tether Slipped About 2,900 Toman Below the Banknote Dollar
On Saturday 3 Mordad 1405 (25 July 2026) 18-karat gold fell 3.29% and the free-market dollar 1.8%, but the number that turned first was Tether: about 186,800 toman, some 2,900 toman below the banknote dollar, the widest negative gap in at least three weeks. The bourse posted a third straight gain, closing at 4,894,453 points.
Market updateIran Market Pulse: Saturday Midday, 25 July 2026; the Bourse Extends a Third Green Session, TEDPIX Near 4,894,000
With the dollar and gold sitting still, the number that actually moved today was in stocks: by around 11:00 a.m. Tehran time on Saturday, 3 Mordad 1405 (25 July 2026), Tehran's TEDPIX index was up about 0.2% at roughly 4,894,000 points, extending a third straight green session. The free-market dollar held near 193,100 toman, the traded gram of gold was near 19,770,000 toman and barely changed, and Brent crude recovered about 0.7% to 96.8 dollars after Friday's drop.
Market updateIran Market Pulse: Saturday Morning, 25 July 2026; Global Gold Slid $100 from Its Record, but Domestic Gold Rose
The week opens on a divergence: as of Saturday morning, 3 Mordad 1405 (25 July 2026), spot gold traded near $4,050 an ounce, about $100 below this week's $4,150 record, yet Iran's domestic market rose on Friday against the global trend, with a gram of 18-karat gold reaching roughly 18.9 million toman and the Emami coin near 189 million toman. The free-market dollar held near 193,000 toman, and the Tehran Stock Exchange reopens today after two green sessions.
Market updateIran Market Pulse: Friday Midday, July 24, 2026; Global Gold Steadies Near $4,046 as Money Rotates Toward Risk
Iran's domestic markets are closed on Friday, 24 July 2026 (2 Mordad 1405), so the only live board is the global one, and it shows a rotation: spot gold steadied near $4,046 (about $100 below this week's record) while Bitcoin climbed to around $65,650. The Strait of Hormuz war-risk premium is draining out, and money is turning from the safe haven toward risk.
Market updateIran Market Pulse: Friday Morning, 24 July 2026; Brent Crude Crashes Below $90 as the Hormuz Risk Premium Deflates
By dawn on Friday, 24 July 2026, Brent crude had fallen about $10 (nearly 11%) to around $88 a barrel; the risk premium that had pushed oil toward $98 last week deflated on the first signs of easing tension in the Strait of Hormuz. Spot gold also slipped from its record to about $4,028. Tehran's bourse and physical markets are on their weekend break, and the domestic parallel market is sitting on Thursday's closing figures.
Market updateIran Market Pulse: Thursday Midday, 23 July 2026; Brent Holds Above $96 While Gold Slips From Its $4,150 Record
Midday market update, Thursday 23 July 2026 (Tehran bourse closed for the weekend); the only live board is the global market, and today two risk assets split. Brent crude held above $96 (96.29), up about 2%, while spot gold eased about 0.7% to around $4,109, pulling back from Wednesday's $4,150 record. Domestic prices are frozen on Wednesday's close: the free-market dollar near 192,000 tomans and gram gold about 19 million. Eyes are on the Federal Reserve meeting on 29 July.
Market updateIran Market Pulse: Thursday Morning, 1 Mordad 1405 (23 July 2026); Brent Jumps Toward $96 and Gold Ends the Week at a Record
Weekly market review, Thursday 1 Mordad 1405 (23 July 2026), bourse closed. A week defined by one thing: the Strait of Hormuz risk premium. Brent jumped from about $88 toward $96, spot gold climbed near $4,150, and 18-karat gram gold entered the 19-million-toman channel; the free-market dollar settled near 192,000 toman after a 194,000 record, and the bourse ended a long red run with three green sessions. All eyes now turn to the Federal Reserve meeting on 7 Mordad (29 July).
Market updateIran Market Pulse: Wednesday Morning, July 22, 2026; Gold and Coins Climb Again as the Dollar Returns Above 190,000 Tomans
Wednesday morning, 31 Tir 1405 (22 July 2026): Tuesday was one of those rare sessions when gold, coins, the dollar and the bourse all rose together, with only oil falling. A gram of 18-karat gold gained about 1.4% to roughly 18,445,000 tomans, the Emami coin reached around 186 million tomans, and the free-market dollar returned to the 190,000-toman channel (near 190,300). The TEDPIX booked a second green session at 4,887,552. Global gold held above $4,000 ahead of next week's Fed meeting.