18K Gold per gram (IRR) Records Daily Gain, Extends Bullish Trend
18K Gold per gram in Iranian Rial (IRR) concluded the trading session on August 31, 2026, with a notable gain. The instrument closed at 222,182,000 IRR, mark...
Market Summary
18K Gold per gram in Iranian Rial (IRR) concluded the trading session on August 31, 2026, with a notable gain. The instrument closed at 222,182,000 IRR, marking an increase from its opening price of 218,373,000 IRR. This session's close represents the highest recorded close in the past 30 days and extends a streak of four consecutive daily advances.
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Interactive price chart
Market Analysis
The latest trading session for 18K Gold per gram saw prices fluctuate between a low of 217,727,000 IRR and a high of 223,591,000 IRR before settling at 222,182,000 IRR. This daily performance contributed to an ongoing bullish trend, as indicated by the market structure. The current price is trading above its 20-day, 50-day, and 200-day simple moving averages, reinforcing the upward trajectory observed over recent weeks.
Looking at the broader context, the price has seen a significant appreciation, rising from 185,782,000 IRR on August 6 to its current level. The instrument is now approximately 1.19% away from its 52-week high, while standing 76.22% above its 52-week low, suggesting it is trading near the upper end of its annual range. The 30-day volatility stands at 1.51%, with an average true range (ATR) of approximately 4,983,000 IRR, reflecting the typical price movement within a session.
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Technical Highlights
Technical indicators largely support the prevailing bullish sentiment, though some suggest extended conditions. The Relative Strength Index (RSI) at 81.37 indicates that the instrument is in overbought territory, suggesting strong buying pressure. The Moving Average Convergence Divergence (MACD) shows a positive crossover, with the MACD line above its signal line and a positive histogram, signaling continued upward momentum.
The Average Directional Index (ADX) at 45.52 points to a strong trend, with the Plus Directional Indicator (+DI) significantly higher than the Minus Directional Indicator (-DI), confirming the strength of the bullish direction. Both the Supertrend and Parabolic SAR (PSAR) indicators are currently bullish, with their respective signals positioned below the current price. Furthermore, the Commodity Channel Index (CCI) at 106.54 is above 100, reinforcing the strong upward momentum.
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Conclusion
18K Gold per gram (IRR) demonstrated a strong performance on August 31, 2026, closing at a 30-day high and extending its four-day winning streak within a confirmed bullish trend. While momentum indicators like the RSI suggest overbought conditions, other indicators such as MACD, ADX, Supertrend, PSAR, and CCI continue to signal strong upward momentum and a robust trend. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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