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Neutral, dated analysis and explainers across Iran’s markets.
Prices · Gold

Gold · Analysis

Jam-e Tala Hits 1-Year High on Fifth Straight Gain; Lotus Gold Fund Trades Below NAV as Emami Coin's Premium Reaches 9.63 Million Tomans (Friday, October 2, 2026)

Jam-e Tala (JAMF) rose for a fifth straight session on Thursday to a one-year high of 23,004 rials, just 0.31% above its NAV. Lotus Gold (LOTF) also hit a one-year high but traded 0.39% below NAV. The same day, the Emami coin's premium stood at 9,628,100 tomans, about 3.8% above its gold content, a gap that makes the fund route cheaper.

6 min read · 2 October

Gold · Analysis

The Fed Raised Rates 0.25 Points for the First Time Since 2023 and Gold Closed 85.65 Dollars Higher the Next Day; Tehran's 18 Karat Gram Fell 138,300 Tomans in the Same Window (Friday, 18 September 2026)

The US Federal Reserve raised its policy rate by 0.25 percentage points on Wednesday, 16 September 2026, its first increase since 2023. In Sahmino's own recorded series, spot gold, which closed that day at $4,257.83, closed Thursday 17 September at $4,343.48: $85.65 and 2.01 percent higher. Over the same window Tehran's 18 karat gram went from 23,5…

7 min read · 18 September

Gold · News

Tehran's Gold and Silver Funds Jumped Up to 6.1% Today While Global Bullion Barely Moved (Saturday, August 22, 2026)

On Saturday, August 22, 2026, at least 10 Tehran Stock Exchange gold and silver funds rose between 4.4% and 6.1%, several hitting their highest closes since May or June, while global gold held near $4,607 an ounce and silver near $69 an ounce, both essentially flat. Tehran's Emami gold coin rose 4.76% and 18-karat gold 5.7%, both far outpacing the…

7 min read · 22 August

Gold · News

Global Gold Jumps Nearly 4% to a Two-and-a-Half-Month High; Tehran's Coin and Free-Market Dollar Rise Together (Wednesday, August 19, 2026)

On Wednesday, August 19, 2026 (28 Mordad 1405), global spot gold jumped nearly 4% to $4,511.04 an ounce, its highest since early June, according to Trading Economics and tgju.org. The main driver was a US Treasury move to boost long-bond buybacks; regional tension, including the UAE's suspension of ties with Iran, added to the rally, per Ecoiran. T…

6 min read · 19 August

Gold · Analysis

Bank Mellat, Saman and Saderat Enter Final Stages of Connection to the Gold Platform Supervisory System; Iran Starts Breaking the Online Gold Vault Monopoly (Saturday, 1 August 2026)

On Saturday, 1 August 2026 (10 Mordad 1405) it was announced that connecting three banks, Mellat, Saman and Saderat, to Iran's gold platform supervisory system has entered its final stages, after which they will begin contracting with online gold and silver platforms. The step starts the removal of the monopoly over gold platform vaulting. The fram…

10 min read · 1 August

Gold · Analysis

Iran's Gold Funds Went From 400 to 670 Trillion Tomans: The Day the Coin Premium Grew 65% and a Fund Unit Grew 1.4% (Wednesday, 29 July 2026)

The net asset value of Iran's exchange traded gold funds passed 670 trillion tomans in the week ending 26 Tir 1405 (17 July 2026), rising 4.4% week on week to 670,418 billion tomans. In Azar 1404 (late 2025) the figure was about 400 trillion. On Wednesday, 29 July 2026, the difference showed up in practice: the Emami coin premium grew 65.56% to 4,9…

7 min read · 29 July

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