18K Gold per gram (IRR) Reaches 30-Day High Amidst Bullish Trend

Market Summary

On August 17, 2026, the price of 18K Gold per gram in Iranian Rial (IRR) closed higher, marking its highest closing level in the past 30 days. The instrument opened the session at 190,415,000 IRR, which also represented its daily low, before advancing to close at 192,292,000 IRR. This represented a daily gain of 1,877,000 IRR.

Market Analysis

The 18K Gold per gram (IRR) recorded a notable upward movement during the latest session, with the closing price of 192,292,000 IRR establishing a new 30-day high. The session's price action saw the instrument open at its lowest point for the day, indicating immediate buying interest, and subsequently trade up towards its daily high of 192,772,000 IRR, which also serves as the current resistance level.

The overall market structure for 18K Gold per gram (IRR) is explicitly identified as bullish. This trend is supported by the price consistently trading above its 20-day, 50-day, and 200-day Simple Moving Averages. Recent price action over the past few sessions has shown a pattern of higher highs, with the latest high at 192,772,000 IRR. While the low of the current session was slightly below the previous session's low, it remained part of a broader pattern of generally higher lows observed since early August.

Technical Highlights

1. Moving Averages & Trend Confirmation: The price of 18K Gold per gram (IRR) is trading above its 20-day, 50-day, and 200-day Simple Moving Averages, which are positioned at approximately 186.75 million IRR, 181.51 million IRR, and 183.55 million IRR, respectively. This alignment confirms the prevailing bullish trend. The Supertrend and Parabolic SAR (PSAR) indicators also support a bullish market direction.
2. Momentum Indicators: Momentum remains positive, with the 14-period Relative Strength Index (RSI) at 63.54, indicating strength above its neutral 50 level. The Commodity Channel Index (CCI 20) at 138.66 further reinforces strong upward momentum, positioned well above the +100 threshold.
3. MACD Signal: The Moving Average Convergence Divergence (MACD) shows a positive histogram of 292,210 IRR, with the MACD line positioned above its signal line, suggesting continued bullish momentum.
4. Trend Directional Movement: The Average Directional Index (ADX 14) is at 24.89, indicating that the trend strength is nearing the threshold for a strong trend. The Plus Directional Indicator (+DI) at 30.06 is notably above the Minus Directional Indicator (-DI) at 13.29, reinforcing the upward direction of the price movement.
5. Contrasting Aroon Signal: In contrast to other trend indicators, the Aroon Up is at 0.0 and Aroon Down is at 79.17, resulting in an Aroon Oscillator of -79.17. This suggests that the most recent high occurred relatively far back in the lookback period, while a recent low was observed.

Conclusion

18K Gold per gram (IRR) demonstrated strength in the latest session, achieving its highest close in 30 days and confirming a bullish trend supported by key moving averages and momentum indicators. While the Aroon indicator presents a contrasting signal, the overall price action and most technical metrics point to continued upward momentum. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

Track the latest 18K Gold per gram (IRR) session on Iran Market Data.