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ISNA is a semi-official Iranian news agency (Iranian Students News Agency). This is a translation of that outlet's own report; it is the outlet's account, not Artesh's finding. See what Iranian state media is saying today.
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Gold Prices Drop by 5.5 Million Tomans/ Continued Decline in the Gold Market

10h ago October 31, 2026 1 min read 📰 ISNA
📋 Key Takeaway

Gold prices in Iran have seen a significant decline, with a drop of 5.5 million tomans for gold coins and 870,000 tomans for gold per gram. This trend reflects ongoing changes in the gold market, influenced by international gold prices.

🔍 Quick Context Guide
💡 Bottom Line: The significant drop in gold prices in Iran reflects ongoing economic challenges and influences local market dynamics.

👥 Key Players

Tehran Gold and Jewelry Union MENTIONED
Industry association representing gold traders
"They provide insights into the gold market trends and price fluctuations in Iran."

📰 What Happened

Gold prices in Iran have significantly decreased, with a drop of 5.5 million tomans for gold coins and 870,000 tomans for gold per gram over the past week. This decline is attributed to changes in international gold prices.

  • Gold price per ounce dropped by 138 dollars.
  • Current price of 18-karat gold per gram is 25 million and 347 thousand tomans.

💡 Why It Matters

🇮🇷 For Iran: The decline in gold prices may affect local investors and consumers, impacting purchasing power and investment strategies.
🌍 Regional: Changes in gold prices can influence regional markets and economic stability in neighboring countries reliant on gold trade.
🌐 International: International investors may view Iran's gold market as a barometer for economic health, affecting foreign investment decisions.

📚 Background

Gold is a traditional investment in Iran, often seen as a hedge against inflation and currency devaluation. Price fluctuations can indicate broader economic trends.

Inflation in Iran Global gold market trends
📡 Source: NEUTRAL
📊 Confidence: 70%
The report comes from an industry association, which typically provides factual data but may have a vested interest in portraying the market positively.

The head of the Tehran Gold and Jewelry Union reported a decline of 138 dollars in the price of gold per ounce over the past week. He stated that the price of 18-karat gold per gram has decreased by 870,000 tomans, reaching 25 million and 347 thousand tomans, while the price of a new design gold coin has also dropped by 5 million and 500 thousand tomans to 259 million and 500 thousand tomans.

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Translated from the original and edited for English readers. View original source →

Translation confidence: 85%

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