18K Gold per gram (IRR) Extends Gains, Momentum Indicators Show Strength and Overbought Conditions
18K Gold per gram in Iranian Rial (IRR) closed higher on August 29, 2026, marking its third consecutive day of gains. The asset settled at 218,396,000 IRR, b...
Market Summary
18K Gold per gram in Iranian Rial (IRR) closed higher on August 29, 2026, marking its third consecutive day of gains. The asset settled at 218,396,000 IRR, building on a broader bullish trend observed over the past month. Despite the upward movement, the price remains below its recent peak.
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Interactive price chart
Market Analysis
On August 29, 18K Gold per gram opened at 217,450,000 IRR and traded within a range of 217,224,000 IRR to 220,128,000 IRR before closing at 218,396,000 IRR. This session's close represents a modest increase from its open.
The asset has been in a pronounced upward trend since early August, with the price rising significantly from 185,616,000 IRR on August 5. Notable surges occurred between August 22 and August 24, when the price climbed from 198,529,000 IRR to a high of 224,856,000 IRR, establishing a resistance level at this peak. The current price is approximately 2.87% below its 52-week high, while standing 73.83% above its 52-week low, underscoring the substantial appreciation over the longer term. The 30-day volatility for 18K Gold per gram is recorded at 1.57%.
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Technical Highlights
The overall market structure indicates a bullish trend, with the current price trading above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs). The SMAs are also aligned in a bullish configuration, with the 20-day SMA (199,785,350 IRR) above the 50-day SMA (189,655,760 IRR), which in turn is above the 200-day SMA (185,241,869 IRR).
Momentum indicators reflect the strong upward movement. The Relative Strength Index (RSI) for 14 periods is at 79.15, suggesting that the asset is in overbought territory. The Average Directional Index (ADX) stands at 44.23, with the Plus Directional Indicator (+DI) at 43.32 significantly above the Minus Directional Indicator (-DI) at 11.35, indicating a strong and well-defined uptrend.
The Moving Average Convergence Divergence (MACD) also supports the bullish momentum, with the MACD line (8,993,162.5 IRR) positioned above its signal line (6,934,505.5 IRR), and the MACD histogram showing positive values.
Conversely, the Aroon Oscillator is at -75.0, with Aroon Down (91.67) considerably higher than Aroon Up (16.67). This suggests that a recent low occurred more recently than a recent high, potentially indicating a short-term pullback or consolidation within the broader uptrend.
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Conclusion
18K Gold per gram (IRR) continues to exhibit a bullish trend, marked by three consecutive days of gains and prices trading above key moving averages. While momentum indicators like the ADX and MACD confirm the strength of the uptrend, the RSI suggests the asset is currently in overbought conditions. The Aroon Oscillator points to recent short-term weakness or a pullback. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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