As the Coin Climbs, Tehran's Gold Union Head Urges Buyers to Be Patient

Nader Bazrafshan, head of the Tehran Gold and Jewelry Union, told Mehr News Agency on Monday, 28 September 2026 (6 Mehr 1405) that the new-design (Emami) gold coin had risen 4.5 million tomans to 247 million tomans, and the old-design (Bahar Azadi) coin had risen by the same amount to 241 million tomans. He said one gram of 18-karat gold was up 492,000 tomans at 24,484,000 tomans, the half coin was priced at 125.5 million tomans, the quarter coin at 67.6 million tomans and the one-gram coin at 35 million tomans, while the coin's premium over its gold value had widened to 7.4 million tomans.

Bazrafshan attributed the rise to a roughly 10,000-toman increase in the unofficial-market dollar, even as, he said, the global gold ounce had fallen $144 after the weekend to $4,153. He said the market was not in turmoil and urged people to wait before trading while prices are volatile. Sahmino's own data at 16:00 on Monday likewise show the Emami coin at about 247 million tomans, up 2.7 percent on the day, the free-market dollar at about 243,900 tomans and the gold ounce at about $4,155.