Articles

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

MarketRegionArticle type

General · Market update

Iran Market Pulse: Monday Morning, July 20, 2026; the Dollar Backs Off Its 194,000-Toman Record, but Its Gap With the Official Rate Widens to 42,000 Tomans

After days of record-setting, the parallel market caught its breath: by the evening of Sunday, 28 Tir 1405 (19 July 2026) the free-market dollar had eased to about 193,000 tomans, but its gap with the roughly 150,000-toman official ("toafoghi") rate widened past 42,000 tomans. 18-karat gold fell nearly 2%, yet the coin premium rose, and by early Mo…

11 min read · 20 July

General · Market update

Iran Market Pulse: Sunday Midday, 19 July 2026; The Dollar Holds Its 194,500-Toman Record as the Bourse Slides Toward a 9th Straight Loss

Sunday midday, 28 Khordad 1405 (19 July 2026): the market is pulling in two directions. The free dollar sits at a record near 194,500 toman and a gram of 18-karat gold holds in the 19-million-toman channel, yet the Tehran bourse index is trading about 0.6 percent lower by 11 a.m. and, if it holds, heads for a 9th straight losing session. The diverg…

12 min read · 19 July

General · Market update

Iran Market Pulse: Saturday Midday, 18 July 2026; Tehran bourse falls about 2.5% on the week's first session as the agreed dollar breaks into the 150,000-toman channel

Saturday midday, 27 Tir 1405 (18 July 2026): on the week's first session and its eighth straight down day, the Tehran bourse fell nearly 2.5% by around 11 a.m., the main index near 4,776,000 points. Meanwhile the agreed dollar (the official rate) entered the 150,000-toman channel for the first time (150,237 toman), toman Tether stood at 194,581, an…

11 min read · 18 July

General · Market update

Iran Market Pulse: Wednesday Midday, 15 July 2026; the Tehran bourse stays red intraday as global gold slips from its $4,080 peak

Midday Wednesday, 15 July 2026 (24 Tir 1405); mid-session, Tehran's main index (TEDPIX) is down about 0.29% near 4,910,330 for another red day, while the free-market dollar holds a record 184,110 tomans and a gram of 18-karat gold sits near 17,891,000 tomans. The fresh driver is external: spot gold has slipped from Tuesday's ~$4,080 peak to about $…

11 min read · 15 July

General · Market update

Iran Market Pulse: Wednesday Morning, 15 July 2026; Emami Coin Near 181 Million Tomans as Global Gold Holds Near $4,050

Wednesday morning, 24 Tir 1405 (15 July 2026). In overnight and early parallel-market trade, gold and coins ran ahead of the dollar: the Emami coin rose 2.25% to about 180,985,000 tomans and a gram of 18-karat gold gained 1.19% to about 17,892,000 tomans, while the free-market dollar held its record 184,110 tomans. The driver was global gold near $…

11 min read · 15 July

General · Market update

Iran Market Pulse: Tuesday Midday, July 14, 2026; Tehran Bourse Slips Below 4.92 Million as Global Gold Reclaims $4,000

At midday on Tuesday, 23 Tir 1405 (14 July 2026), Tehran's TEDPIX index fell about 1.08% in the live session to 4,913,868 points (below 4.92 million), while the free-market dollar held near its record (the toman-tether proxy around 183,220 tomans) and global gold, which had slid below $4,000 on Monday, climbed back above that line. Brent crude trad…

12 min read · 14 July

General · Market update

Iran Market Pulse: Saturday Midday, July 11, 2026; Tehran Stock Exchange Sheds 2.12% at Week's Reopening

Tehran Stock Exchange's main index (TEDPIX) fell 109,826 points (2.12%) to 5,177,030 by 10:58 AM Tehran time in the week's first trading session, Saturday, July 11, 2026 (20 Tir 1405), the market's first price reaction to two days of Iran-US military escalation over the weekend and the free-market dollar's jump into the 182,000-toman channel. Globa…

11 min read · 11 July

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