18K Gold per gram (IRR) Extends Gains for Fourth Consecutive Session
18K Gold per gram (IRR) closed at 188,146,000 IRR on August 8, 2026, marking its fourth consecutive day of gains. The asset opened the session at 185,796,000...
Market Summary
18K Gold per gram (IRR) closed at 188,146,000 IRR on August 8, 2026, marking its fourth consecutive day of gains. The asset opened the session at 185,796,000 IRR and reached an intraday high of 191,271,000 IRR before settling higher for the day.
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Interactive price chart
Market Analysis
The latest trading session for 18K Gold per gram (IRR) concluded with a positive movement, as the closing price exceeded its opening level. The asset's intraday low matched its opening price, indicating an upward trajectory from the start of the session. While the price reached an intraday high of 191,271,000 IRR, it retreated slightly to close below this peak. This recent advance extends a series of four consecutive daily gains.
The overall market structure for 18K Gold per gram (IRR) is identified as bullish. The current price trades above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing this trend. Key resistance for the asset is observed at 191,456,000 IRR, while a support level is noted at 178,251,000 IRR. The current price is approximately 16% below its 52-week high and over 83% above its 52-week low.
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Technical Highlights
Several technical indicators support the prevailing market conditions. The price of 18K Gold per gram (IRR) trading above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs), which stand at 185,262,400 IRR, 176,960,376 IRR, and 175,938,214 IRR respectively, confirms the established bullish trend.
Momentum indicators suggest a moderately positive outlook. The 14-period Relative Strength Index (RSI) is at 57.76, indicating positive momentum above its neutral level. Similarly, the Commodity Channel Index (CCI) is at 92.76, further suggesting positive momentum. However, the 14-period Average Directional Index (ADX) at 18.95 indicates that while a bullish trend is present, its directional strength is not particularly robust. The Supertrend indicator, currently at 177,081,770 IRR with a positive direction, provides additional confirmation of the bullish sentiment.
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Conclusion
18K Gold per gram (IRR) concluded the August 8, 2026 session with a gain, extending its upward movement for a fourth consecutive day. The asset maintains a bullish trend, supported by its position above key moving averages and positive momentum readings from the RSI and CCI. However, the ADX suggests that the trend's strength is moderate. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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