18K Gold per gram (IRR) Records Second Consecutive Daily Decline

Market Summary

18K Gold per gram (IRR) closed lower on August 16, 2026, marking its second consecutive daily decline. The instrument settled at 190.39 million IRR, down from the previous session's close. Despite this recent pullback, the overall market trend for 18K Gold per gram is identified as bullish.

Market Analysis

The trading session for 18K Gold per gram opened at 190.56 million IRR, reaching an intraday high of 191.04 million IRR before declining to a low of 189.98 million IRR. The closing price of 190.39 million IRR represents a decrease from the prior day's close of 190.79 million IRR. This marks two consecutive sessions of price declines for the instrument.

Despite the recent downward movement, the broader market structure remains bullish. The current price trades above its 20-day, 50-day, and 200-day Simple Moving Averages, indicating a sustained upward trajectory over various timeframes. The 30-day volatility stands at 1.75%. The instrument is currently trading approximately 14.98% below its 52-week high, while remaining 66.03% above its 52-week low. Key levels for the instrument are identified with resistance at 192.59 million IRR and support at 178.25 million IRR.

Technical Highlights

Several technical indicators provide further insight into the current market dynamics. The Relative Strength Index (RSI) at 60.41 suggests moderately positive momentum. Complementing this, the Moving Average Convergence Divergence (MACD) shows a positive histogram of 220,009, with the MACD line positioned above its signal line, reinforcing bullish momentum. The Commodity Channel Index (CCI) at 116.50 also points to strong upward momentum.

However, some indicators suggest potential for a pause or reversal. Both the Stochastic RSI (K: 81.50, D: 88.70) and Williams %R (-20.97) are in overbought territory, indicating that the instrument may be extended. The Average Directional Index (ADX) at 23.84 suggests that the trend strength is not yet strong, though it is approaching the 25 threshold. The Aroon Oscillator, at -70.83, with Aroon Down significantly higher than Aroon Up, indicates that recent price action has been characterized by a lack of strong upward continuation or a prevalence of downward movements, contrasting with the broader bullish trend.

Conclusion

18K Gold per gram (IRR) experienced a second consecutive daily decline, closing at 190.39 million IRR. The overall market trend remains bullish, supported by the price trading above key moving averages and several momentum indicators. However, some technical signals suggest overbought conditions, while the Aroon Oscillator points to recent downward pressure. The available market data alone do not indicate the underlying cause of the observed price movement.

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