18K Gold per gram (IRR) Records Second Consecutive Daily Decline
18K Gold per gram (IRR) closed lower on September 12, 2026, marking its second consecutive session of declines. The asset opened higher but ultimately settle...
Market Summary
18K Gold per gram (IRR) closed lower on September 12, 2026, marking its second consecutive session of declines. The asset opened higher but ultimately settled below its opening price, indicating a daily loss.
Interactive price chart
Market Analysis
On September 12, 2026, 18K Gold per gram (IRR) closed at 239,168,000 IRR, down from its opening price of 240,886,000 IRR. The session saw a high of 242,174,000 IRR and a low of 238,573,000 IRR. This daily decline follows a previous session's drop, extending the losing streak to two consecutive days.
The recent price action established a lower high of 242,174,000 IRR compared to the 243,672,000 IRR recorded on September 10, and a lower low of 238,573,000 IRR relative to the 241,114,000 IRR low from the same prior session. Despite this short-term pullback, the overall market structure for 18K Gold per gram (IRR) remains bullish. The current price is approximately 1.85% below its 52-week high and significantly above its 52-week low, which is 77.17% lower. The resistance level is identified at 243,672,000 IRR, with support at 192,795,000 IRR.
Technical Highlights
The price of 18K Gold per gram (IRR) continues to trade above its key Simple Moving Averages, with the 20-day SMA at 224,127,700 IRR, the 50-day SMA at 201,822,140 IRR, and the 200-day SMA at 187,666,449 IRR. This alignment confirms a sustained upward trend across multiple timeframes.
Momentum, as indicated by the 14-period Relative Strength Index (RSI), stands at 73.71, suggesting that the asset is currently in overbought territory. The Average Directional Index (ADX) is at 54.33, signaling a very strong trend. The Plus Directional Indicator (+DI) at 45.85 significantly outweighs the Minus Directional Indicator (-DI) at 13.63, reinforcing the strength of the prevailing upward movement.
Conversely, the Aroon Oscillator is at -95.83, with Aroon Down at 100 and Aroon Up at 4.17. This configuration suggests that a recent low has occurred within the lookback period, while a recent high has not, potentially indicating a short-term shift in momentum despite the broader bullish trend. The Moving Average Convergence Divergence (MACD) is positive at 11,953,882.58 and remains above its signal line, with a positive histogram, indicating continued positive momentum, though it may be moderating.
Conclusion
18K Gold per gram (IRR) experienced its second consecutive daily decline on September 12, 2026, forming a lower high and a lower low. Despite this short-term pullback, the asset maintains a bullish market structure, trading above key moving averages and exhibiting a very strong upward trend as indicated by the ADX. However, the RSI suggests overbought conditions, and the Aroon indicator points to recent short-term weakness, presenting a mixed picture for immediate price action within the context of the broader bullish trend. The available market data alone do not indicate the underlying cause of the observed price movement.
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