18K Gold per gram (IRR) Records Second Consecutive Daily Decline

Market Summary

18K Gold per gram in Iranian Rial (IRR) experienced a notable decline on September 7, 2026, marking its second consecutive day of losses. The asset opened at its daily high of 233.52 million IRR before retreating to close at 230.62 million IRR. This recent pullback follows a period of significant upward movement, though the broader market structure continues to indicate a bullish trend.

Market Analysis

The latest trading session for 18K Gold per gram saw the price open at 233,524,000 IRR, which also represented the day's high. The price subsequently fell, reaching a low of 230,149,000 IRR before closing at 230,622,000 IRR. This daily performance resulted in a decline of approximately 1.25% from the previous session's close of 233,536,000 IRR.

This marks the second consecutive session of declines, with the price also recording a lower high and a lower low compared to the previous day. Despite these recent losses, the asset remains in a bullish trend, having appreciated significantly since mid-August, when it traded around 190 million IRR. The current price is approximately 3.3% below its 52-week high, while standing over 72% above its 52-week low.

Technical Highlights

The prevailing bullish trend for 18K Gold per gram is supported by several technical indicators. The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages (SMAs), which are positioned at 214.42 million IRR, 197.05 million IRR, and 186.67 million IRR, respectively. The Supertrend indicator also confirms an uptrend, with the price remaining above its current level of 221.12 million IRR.

However, momentum indicators suggest a potential shift or overextension. The 14-period Relative Strength Index (RSI) is at 74.52, indicating that the asset is in overbought territory. While the Average Directional Index (ADX) at 52.35 points to a strong overall trend, with the +DI significantly above the -DI, the Aroon indicator presents a more nuanced view. Aroon Down is at 100, while Aroon Up is at 4.17, suggesting that the lowest low within the lookback period occurred very recently, indicating a short-term shift towards bearish momentum.

Conclusion

18K Gold per gram (IRR) experienced a second consecutive daily decline, with the latest session closing lower than its open and near its daily low. While the asset maintains a strong bullish trend over the longer term, as evidenced by its position relative to key moving averages and the ADX, the RSI indicates overbought conditions. The Aroon indicator also points to recent bearish momentum within its lookback period. 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.