The Ceasefire Nobody Signed: Gold Fell 3.3% and the Dollar 1.8% on a Day the Global Ounce Did Not Move at All (Saturday, 25 July 2026)

No, gold did not get cheaper today. A closer look at today's numbers shows exactly why that sentence is true. Today, Saturday the twenty fifth of July, gold, coins and the dollar all fell together. Eighteen karat gold reached eighteen million two hundred fifty five thousand tomans, down three point two nine percent. But the global gold ounce did not move at all today, because world markets were closed. Here is today's board: gold, coins and the dollar red, the Tehran main index green. So this drop did not come from the metal; it is all a shift in expectations about the rial. The market bet on a report of a ten day ceasefire and the reopening of the Strait of Hormuz. But neither side has officially confirmed it as of this moment. Even the accounts disagree; some reports said the proposal was rejected outright. The gap between the free and official rates reached twenty five point two percent today. The bourse, though, was green; that is exactly the signature of a de-escalation trade. Tejarat News, citing analysts, called this equilibrium a fragile one. Both key support levels broke today: one hundred ninety one thousand and one hundred eighty eight million tomans. Now watch four things, from official confirmation to the count of vessels transiting Hormuz. The conclusion is clear: today the market priced a proposal, not an agreement. So, the answer: gold did not get cheaper, the rial rallied. Full analysis on Sahmino.com. Did the market guess right?