18-Karat Gold Nears 18-Million-Toman Peak in Iran

A gram of 18-karat gold in Tehran rose 201,000 tomans from the previous day to reach 17,999,000 tomans on Thursday, July 9, 2026 (18 Tir), edging toward the 18-million-toman mark. According to Shargh newspaper, a mesghal (a traditional 4.6-gram unit) of 17-karat gold climbed 873,000 tomans to 77,975,000 tomans. The simultaneous rise in the free-market dollar rate and the global gold price, combined with heightened precautionary demand amid escalating regional tensions, was cited as the main driver of the increase.