Financial Tribune - After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday with the dollar gaining more than 5,000 rials in Tehrans open market. The greenback surged to 247,000 rials -- up more than 2% compared to 242,000 rials a session earlier. Other currencies were soon to follow. The euro climbed ...

Financial Tribune - Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in Tehrans open market compared to prices quoted Thursday. The greenback was traded around 233,000 rials in the previous trading week before soaring to 238,000 rials on Monday as markets reopened after 2 days of religious ...

Financial Tribune - Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in check for a few sessions largely due to the intervention of the Central Bank of Iran. The dollar closed at 232,000 rials in Tehrans open market, rising more than 13,000 rials, or 6%, compared to the previous session. The ...

Financial Tribune - Steep rise in the price of shares of Social Security Investment Company, known locally as Shasta, pushed up the benchmark of Tehran Stock Exchange, TEDPIX, to new levels, threatening a temporary closure of the market. TSE rallied to a historic level on Monday, making an unprecedented 4.9% gain by adding more than 80,972 points....

Financial Tribune - Currency rates are rising unabated in Tehran with exchange bureaus affiliated to, and working for, the Central Bank of Iran again the increased the dollar rate by 3.65% on Sunday after the 10% rise a day earlier. These moneychangers for the second session in a row officially raised the dollar price by 7,610 rials on Sunday to ...

Financial Tribune - After climbing 13% last week, the Tehran Stock Exchange lost some momentum at the opening of trading week on Saturday as sell-off visited majority of shares. TSE opened more than 35,000 points higher in the early hours of trade only to slide later as sell-off pressure mounted. However, TEDPIX closed the session 8,466.12 points ...

Financial Tribune - The currency market experienced a significant downturn on Wednesday after more than two weeks of bull market amid a noticeable decline in forex trade in Tehrans open market. Drop in currency rates in tandem with a bearish trend in the global precious metal market also pulled down domestic gold prices. The US dollar fell 2,...

Financial Tribune - The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and 194,000 rials in Tehran's open market. The greenback was traded 0.9% higher than the previous day's close while the European currency marked an increase of 1.03%. Bank-affiliated exchange shops sold the dollar ...

Financial Tribune - The US dollar surged above the critical 170,000-rial level on Sunday at the moneychangers affiliated with the Central Bank of Iran. The moneychangers traded the dollar at 170,230 rials, up 2,300 rials, or 1.4%, compared to Saturdays close. Each euro at the CBI forex bureaus were sold for 184,200 rials, 1.2% higher than the ...

Financial Tribune - Currency prices shot up again on Monday in Tehran as bank-affiliated moneychangers tagged the US dollar at 165,000 rials -- the highest in the past 20 months. Cold coin prices also increased by another 1.3 million rials to hit an all-time high of 70 million rials ($424). The greenback gained 2,000 rials, or 1.84%, compared to ...

Financial Tribune - Gold in the domestic market is being traded at all-time highs with analysts warning about bubbles in the price of the precious metal. Emami gold surged more than 2.5% Saturday and was traded at all-time high of 68.5 million rials ($422) in Tehran, according to market data published on the Tehran Gold and Jewelry Union website....

Financial Tribune - Gold coin prices set a new record climbing 8% from the Persian New Year holidays in the Tehran market -- from 60.28 million rials ($375) on March 18 to 65.05 million rials on Sunday. The rise was despite the fact that the gold market remains closed due to the COVID-19 crisis. Observers say gold prices have surged mostly under ...

Financial Tribune - Gold and currency prices fell in domestic market at the start of the week on Saturday as Tehran market began responding to de-escalation of political and military tensions in the region. The US dollar, which changed hands as high as 138,000 rials last week, retreated back to the supportive level of 130,000 rials, down 1.2% compared ...

Financial Tribune - Sailing in calm waters since the beginning of the calendar year (mid-March), the currency market witnessed another fall at the start of the business week in Tehran on Saturday. On Monday the US dollar was sold for 112,000 rials at 4:00 pm local time, down 2.6% compared to Sundays close. The greenback was worth 116,000 rials on ...

Financial Tribune - Currency rates in Tehran have been of the descending order over the past two weeks amid noticeable decline in demand and visible efforts by the Central Bank of Iran to boost the rial. The downward trend gained momentum on Tuesday when one dollar was traded below the supportive level of 120,000 rials for the first time in the ...

Financial Tribune - Currency rates have been of the declining order since last Tuesday amid widespread presence of the Central Bank of Iran in the market and reports about easing political tensions. Each US dollar, which was traded for 151,000 rials last Tuesday, fell below the resistance channel of 150,000 rials on Saturday and changed hands for ...

Financial Tribune - With last week's brief volatility behind, the currency market in Tehran experienced more stability on Saturday. The US dollar, which had surged above the resistance level of 140,000 rials last week, was traded for 137,000 rials in the open market. In a rather rare occasion, both the regular exchange bureaux and bank-affiliated ...

Financial Tribune - The US dollar crossed another psychological threshold in Tehran on Monday with price pressures increasing as the end of the Iranian fiscal year approaches in March. The greenback sold for 130,000 rials in mid-day trading, up from 125,000 rials on Sunday and 122,000 rials at the beginning of the week. Gold prices also continued ...

Financial Tribune - Mohammad Kashtiaray, president of the specialized gold commission at the Iran Chamber of Guilds, says the gold coin has lost 5% compared to last week Foreign exchange rates and gold dropped in Iran as markets reopened on Saturday in an expected response to a move by European powers on Thursday to launch a special payment channel ...

Financial Tribune - Foreign exchange rates on Tuesday registered dramatic increases after weeks of stability that saw the rial recover much of its earlier losses. The US dollar was traded 115, 000 in the afternoon, up from the previous day's 103,000 rials. The euro was traded for 131,500 rial across exchange bureaux, up from 121,500 on Monday. The ...