18K Gold per gram (IRR) Posts Highest Level in 90 Days
18K Gold per gram (IRR) reached 199,697,000 IRR on August 20, marking its highest price in 90 days. The session's peak surpassed the previous 90-day record,...
18K Gold per gram (IRR) reached 199,697,000 IRR on August 20, marking its highest price in 90 days. The session's peak surpassed the previous 90-day record, set just the day prior, by 1,454,000 IRR, underscoring a notable upward movement in the precious metal.
Interactive price chart
Event Details
On August 20, 18K Gold per gram (IRR) opened at 197,576,000 IRR before climbing to its 90-day high of 199,697,000 IRR. This peak exceeded the prior 90-day record of 198,243,000 IRR. The session concluded at 198,527,000 IRR, representing a daily return of 0.47% and an intraday range of 1.07%.
Technical Context
Technical indicators support the upward momentum, with the 14-period Relative Strength Index (RSI) at 72.00 and the 20-period Commodity Channel Index (CCI) at 216.27, both indicating strong buying interest. The price also traded above its upper Bollinger Band, while the Average Directional Index (ADX) at 29.92 confirms a developing trend.
Historical Context
This new 90-day high extends a recent upward trajectory, marking the fourth consecutive day of gains for 18K Gold per gram (IRR). The previous 90-day high was established just one day earlier on August 19. The closing price of 198,527,000 IRR also represents the highest close in the last 30 days.
Conclusion
The session's new 90-day high for 18K Gold per gram (IRR) not only resets a recent extreme but also solidifies a measurable upward pattern, evidenced by four consecutive daily gains and the highest close in a month. This move represents a clear extension of the instrument's recent bullish path.
Live rates
Track the latest 18K Gold per gram (IRR) session on Iran Market Data.