18K Gold per gram Surges to 30-Day High Amidst Strong Bullish Momentum
On August 22, 2026, 18K Gold per gram closed at 210,360,000 Iranian Rial (IRR), marking its highest closing price in 30 days. The instrument recorded a signi...
Market Summary
On August 22, 2026, 18K Gold per gram closed at 210,360,000 Iranian Rial (IRR), marking its highest closing price in 30 days. The instrument recorded a significant daily gain, opening at 198,529,000 IRR and reaching a high of 211,240,000 IRR during the session. This session extended a streak of five consecutive days of gains for 18K Gold per gram.
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Interactive price chart
Market Analysis
The latest trading session for 18K Gold per gram saw a notable upward movement. The price opened at 198,529,000 IRR, which also served as the session's low, indicating that the price did not trade below its opening level. It then climbed to a high of 211,240,000 IRR before settling at 210,360,000 IRR at the close. The session's trading range was notably wide, spanning from the open/low of 198,529,000 IRR to the high of 211,240,000 IRR.
This strong performance aligns with a broader "Bullish" trend observed in the market structure. The instrument is currently trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the positive trend. The current price is approximately 6.06% below its 52-week high, while being significantly distant from its 52-week low at 73.59%. The resistance level for 18K Gold per gram is identified at 211,240,000 IRR, corresponding to the session's high, with support noted at 182,130,000 IRR.
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Technical Highlights
Technical indicators largely reflect the strong upward trajectory. Momentum indicators such as the 14-period Relative Strength Index (RSI) at 81.45, the Stochastic RSI (K) at 100.0, and the Commodity Channel Index (CCI) at 280.99 all indicate that the asset is in overbought territory, signaling robust buying interest.
The Average Directional Index (ADX) at 32.87 suggests a strong trend is in place, with the Plus Directional Indicator (+DI) at 50.42 significantly outweighing the Minus Directional Indicator (-DI) at 8.47, confirming the dominance of the bullish directional movement.
Furthermore, the price trading above the upper Bollinger Band, which stands at 202,335,732 IRR, underscores the strong upward pressure. The Moving Average Convergence Divergence (MACD) also supports the positive momentum, with the MACD line above its signal line and a positive histogram.
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Conclusion
18K Gold per gram demonstrated a strong bullish performance on August 22, 2026, closing at a 30-day high and extending its consecutive gains to five days. Technical analysis points to strong upward momentum and a well-established bullish trend, with several indicators suggesting overbought conditions. 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.