Gold and coin rose in Tehran on Tuesday 6 Mordad while the global ounce retreated

Tehran's gold and coin market moved higher on Tuesday, 6 Mordad 1405 (28 July 2026). According to the newspaper Donya-e-Eqtesad the same day, the price of 18 carat gold rose and the Emami coin traded higher at 184.9 million tomans.

The notable feature of the day was that the domestic market moved in the opposite direction to the global one. Sahmino's own price data showed the global gold ounce at $4,044.95, down about 0.8 percent as of 12:07 that day, while a gram of domestic 18 carat gold was about 1.3 percent higher as of 12:28.

The driver of the divergence is the exchange rate: the free market dollar was about 1.5 percent above the previous day as of 12:25 the same day. When the global ounce falls but the rial weakens, the rial price of gold can still rise, because the domestic price is the product of the global ounce and the exchange rate. In global markets, investors are also waiting for the Federal Reserve interest rate decision on Wednesday.