18K Gold per gram (IRR) Pulls Back from New High
18K Gold per gram in Iranian Rial (IRR) closed lower on September 6, 2026, marking its first daily decline after a series of gains. Despite the intraday pull...
Market Summary
18K Gold per gram in Iranian Rial (IRR) closed lower on September 6, 2026, marking its first daily decline after a series of gains. Despite the intraday pullback, the instrument reached a new high during the session, with the overall market trend remaining bullish.
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Interactive price chart
Market Analysis
On September 6, 2026, 18K Gold per gram opened at 238,183,000 IRR, higher than the previous session's close of 236,744,000 IRR. The price subsequently advanced to an intraday high of 238,480,000 IRR, which represents the highest point observed in the provided historical data. However, the session concluded with a close of 233,536,000 IRR, resulting in a daily decline and positioning the close below both the open and the high. The trading session exhibited a wide range, spanning approximately 7.3 million IRR between the low of 231,186,000 IRR and the high of 238,480,000 IRR.
Despite the daily downturn, the broader market structure for 18K Gold per gram remains bullish. The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing upward trend. The instrument is also trading within approximately 2.07% of its 52-week high, while being significantly distant from its 52-week low. The session's high of 238,480,000 IRR also acted as a resistance level.
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Technical Highlights
Momentum indicators suggest that 18K Gold per gram is in overbought territory. The 14-period Relative Strength Index (RSI) is at 80.31, while the Stochastic RSI (K: 84.84, D: 91.04) and Williams %R (-12.08) also indicate strong buying pressure. The Commodity Channel Index (CCI) at 109.29 further supports this observation.
The Average Directional Index (ADX) at 52.20 points to a strong underlying trend. This is further supported by the Plus Directional Indicator (+DI) at 47.22, which significantly outweighs the Minus Directional Indicator (-DI) at 12.47, indicating robust positive directional movement.
The price action above the 20-day, 50-day, and 200-day Simple Moving Averages confirms the bullish market structure. Additionally, the MACD (11,661,446) remains above its signal line (9,805,765) with a positive histogram (1,855,681), signaling continued positive momentum. Both the Supertrend and Parabolic SAR (PSAR) indicators also confirm an uptrend, with the price trading above their respective levels.
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Conclusion
18K Gold per gram (IRR) experienced a daily decline on September 6, 2026, following an intraday ascent to a new high. While the overall market structure maintains a bullish posture, supported by price action above key moving averages and strong trend indicators, several momentum oscillators suggest overbought conditions. The available market data alone do not indicate the underlying cause of the observed price movement.
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