18K Gold per gram (IRR) Extends Gains, Reaching New 30-Day High
18K Gold per gram in Iranian Rial (IRR) closed higher on August 20, 2026, marking its fourth consecutive day of gains. The asset reached a new 30-day high cl...
Market Summary
18K Gold per gram in Iranian Rial (IRR) closed higher on August 20, 2026, marking its fourth consecutive day of gains. The asset reached a new 30-day high close, trading within a range of approximately 2.12 million IRR during the session.
Interactive price chart
Market Analysis
On August 20, 18K Gold per gram opened at 197,576,000 IRR and recorded a high of 199,697,000 IRR before closing at 198,527,000 IRR. The session's low matched its opening price. This upward movement contributed to a bullish trend, with the price consistently trading above its 20-day, 50-day, and 200-day Simple Moving Averages.
The asset's closing price represents the highest close observed in the last 30 days. Current resistance is identified at 199,697,000 IRR, while support is established at 182,130,000 IRR. Volatility over the past 30 days stands at approximately 1.51%.
Technical Highlights
Momentum indicators suggest strong upward pressure. The 14-period Relative Strength Index (RSI) is at 72.00, indicating that the asset is in overbought territory. Similarly, the Commodity Channel Index (CCI) at 216.27 also points to strong upward momentum, potentially signaling an extended move.
The Moving Average Convergence Divergence (MACD) shows a positive trend, with the MACD line (3,475,331.52) remaining above its signal line (2,653,985.11) and a positive histogram (821,346.41), reinforcing the bullish momentum.
The price is trading above the upper Bollinger Band (196,953,766 IRR), which can suggest that the price is extended in the short term. The Average Directional Index (ADX) at 29.92 indicates a developing trend, with the Plus Directional Indicator (+DI) at 38.61 significantly above the Minus Directional Indicator (-DI) at 10.94, confirming the strength of the current bullish trend.
Both the Supertrend and Parabolic SAR (PSAR) indicators are signaling a bullish trend, with the price trading above their respective levels of 189,235,281 IRR and 187,641,620 IRR.
Conclusion
18K Gold per gram (IRR) demonstrated continued strength, closing at a new 30-day high and extending its consecutive daily gains to four sessions. Technical indicators largely support the bullish trend, though some suggest the asset may be in overbought conditions in the short term. 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.