Tehran's Free Market Dollar Breaks Above 190,000 Tomans to a Multi Week High

In Tehran trading on Wednesday, August 19, 2026 (28 Mordad 1405), the free market dollar opened with a 920 toman positive gap at 189,100 tomans and climbed as high as 191,310 tomans, a 3,130 toman rise from Tuesday's close and the rate's first move into the 190,000 toman channel in recent weeks. According to Donya e Eqtesad, the jump came after the Iran US ceasefire understanding ended on Monday, August 17 (26 Mordad), with no fresh diplomatic signal since.

At the same time, 18 karat gold rose 295,000 tomans on Wednesday to 19,527,000 tomans per gram, and the Emami gold coin jumped 3,600,000 tomans to 194,500,000 tomans. Global gold, trading around 4,375 dollars an ounce at 4 pm Wednesday, continued climbing to 4,508 dollars by 4:20 am Thursday.

Per the Tehran Gold and Jewelry Union's rates at that same predawn hour on Thursday, 18 karat gold was priced at 19,760,000 tomans per gram and the Emami coin at 197,000,000 tomans.