18K Gold per gram (IRR) Reaches 30-Day High Amid Strong Bullish Trend

Market Summary

18K Gold per gram (IRR) concluded the trading session on September 29, 2026, with a notable advance, closing at 252,655,000 IRR. This marked the highest closing price in the last 30 days and extended the asset's consecutive daily gains to three sessions.

Market Analysis

The latest session for 18K Gold per gram (IRR) saw a significant upward movement. Opening at 244,014,000 IRR, the price climbed steadily throughout the day, reaching an intraday high of 253,017,000 IRR before closing slightly below this peak. The session's low matched its open, indicating sustained upward pressure. This strong performance places the asset very close to its 52-week high, with a distance of only 0.14%.

The broader market structure for 18K Gold per gram (IRR) is characterized as bullish. The price is currently trading above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the established upward trend. The intraday high of 253,017,000 IRR also aligns with the identified resistance level.

Technical Highlights

Momentum indicators suggest a robust upward drive, albeit with signs of potential overextension. The 14-period Relative Strength Index (RSI) stands at 72.39, indicating that the asset is in overbought territory. Similarly, the Commodity Channel Index (CCI) at 233.47 also points to strong upward momentum and potentially overextended conditions.

Trend strength is confirmed by the Average Directional Index (ADX), which registered 45.19, signaling a strong trend is in place. The Plus Directional Indicator (+DI) at 44.73 significantly outweighs the Minus Directional Indicator (-DI) at 12.61, underscoring the prevailing bullish directional movement. Furthermore, the price closed above the upper Bollinger Band, which is at 248,162,356 IRR, reinforcing the strong upward momentum. In contrast, the Moving Average Convergence Divergence (MACD) line at 7,009,890 is positioned below its signal line at 7,274,006, with a negative histogram, which could suggest a slight deceleration in bullish momentum despite the strong price action.

Conclusion

18K Gold per gram (IRR) recorded a strong session, achieving a 30-day highest close and extending its streak of gains. The overall trend remains bullish, supported by price action above key moving averages and strong trend indicators. However, several momentum indicators suggest potentially 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.