The prices of gold and coins on October 5, 2026, continued to experience a mild upward trend. This increase coincided with the rise in the exchange rate of the dollar and the stabilization of the global gold price at the threshold of $4,142. In this context, most items, except for the gram coin which remained stable, were traded at higher prices.
The Half Coin Experienced a Price Surge
On this day, the half coin saw the highest price surge among all coins, with an increase of 2.4 million tomans, indicating high demand in the retail market and small investments. While the Imam coin (new design) only increased by 300,000 tomans, this reflects the market's caution regarding larger coins. Additionally, the gram coin, unlike other items, remained unchanged in price, showing that the market for smaller items is still under the control of policies and tariffs.
The price of 18-carat gold also increased by 90,000 tomans today, and the price of bullion gold rose by 390,000 tomans, making them more reliable indicators for market trends, as they are influenced by the domestic dollar and the global gold price.
The Impact of the Exchange Rate and Global Gold on Prices
In the last 3 days, the exchange rate of the dollar, which increased from 174,000 to 176,000 tomans, has been recognized as the main driver of the rise in gold and coin prices. Meanwhile, the price of each ounce of gold in the global market reached $4,142, which is a very high and record number. This high level has raised the international ceiling for gold prices and contributed to the increase in domestic prices.
Given the current conditions, the likely scenario is that in the short term, if the exchange rate of the dollar remains upward and the ounce fluctuates around $4,142, the prices of gold and coins will continue their mild growth. The half coin and smaller coins are likely to experience the most growth.
However, if the price of the free market dollar moves towards 276,000 to 300,000 tomans, it is expected that gold and coins will face a stronger surge, and the Imam coin will move towards 275 to 280 million tomans. If the Central Bank intervenes to stabilize the exchange rate, there is a possibility that the gold market may experience a retreat and a price correction of 2 to 4 percent.
Overall, the prices of gold and coins on October 5, 2026, experienced a mild and continuous upward trend. The main drivers of this trend included the continuous rise of the exchange rate (from 174,000 to 176,000 tomans) and the high level of the global ounce ($4,142). Therefore, as long as the dollar remains upward and the ounce stays at this high level, the market will continue its mild growth.
