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.
