18K Gold per gram (IRR) Sees Daily Pullback Amid Strong Bullish Trend
18K Gold per gram (IRR) registered a daily decline on September 10, 2026, closing at 241,814,000 IRR. This marks the first daily loss following a period of c...
Market Summary
18K Gold per gram (IRR) registered a daily decline on September 10, 2026, closing at 241,814,000 IRR. This marks the first daily loss following a period of consecutive gains, even as the instrument reached a new intraday high for the recent period.
Interactive price chart
Market Analysis
The latest session saw 18K Gold per gram open at 243,437,000 IRR before reaching an intraday high of 243,672,000 IRR. It then retreated to a low of 241,114,000 IRR, ultimately closing at 241,814,000 IRR. This represented a decline of approximately 1,611,000 IRR from the previous day's close of 243,425,000 IRR. Despite the daily pullback, the instrument recorded a higher high and a higher low compared to the prior session. The price continues to trade above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing bullish trend. Furthermore, the instrument is positioned very close to its 52-week high, with a distance of only 0.76%. Over the past month, the price has seen a significant advance, rising from 193,040,000 IRR on August 18 to its recent highs.
Technical Highlights
The overall market structure indicates a Bullish trend. The Average Directional Index (ADX) at 54.34 signals a very strong trend, with the Plus Directional Indicator (+DI) significantly above the Minus Directional Indicator (-DI), underscoring robust upward momentum. The Commodity Channel Index (CCI) at 126.05 further supports this, indicating strong positive momentum. However, the Relative Strength Index (RSI) stands at 78.34, suggesting the instrument is in overbought territory. The MACD histogram remains positive at 1,166,922, with the MACD line positioned above its signal line, indicating continued, albeit potentially moderating, positive momentum.
Conclusion
On September 10, 2026, 18K Gold per gram (IRR) experienced a daily price retreat, closing lower after an intraday high. While momentum indicators like ADX and CCI confirm a strong underlying bullish trend, the RSI suggests the instrument is currently in 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.