18K Gold per gram (IRR) Closes at 30-Day High Amid Strong Bullish Trend
18K Gold per gram in Iranian Rial (IRR) closed higher on October 4, 2026, marking its seventh consecutive day of gains. The asset's closing price of 263,278,...
Market Summary
18K Gold per gram in Iranian Rial (IRR) closed higher on October 4, 2026, marking its seventh consecutive day of gains. The asset's closing price of 263,278,000 IRR represents its highest close in the last 30 days, reinforcing a prevailing bullish trend.
Interactive price chart
Market Analysis
The latest session for 18K Gold per gram saw the price open at 262,237,000 IRR before reaching an intraday high of 266,760,000 IRR. The low for the session was recorded at 261,889,000 IRR, with the asset ultimately closing at 263,278,000 IRR. This upward movement extends a period of consistent appreciation, with the price now trading above its 20-day, 50-day, and 200-day Simple Moving Averages, indicating a robust bullish market structure.
The current price is approximately 1.31% away from its 52-week high, while remaining significantly above its 52-week low. The session's high of 266,760,000 IRR also serves as an immediate resistance level, aligning with the Donchian upper band. Identified support for the asset stands at 231,070,000 IRR.
Technical Highlights
Momentum indicators suggest strong upward pressure, with the 14-period Relative Strength Index (RSI) at 78.34, placing the asset in overbought territory. The Commodity Channel Index (CCI) at 195.32 further supports this, indicating significant bullish momentum. The Moving Average Convergence Divergence (MACD) histogram remains positive at 1,381,826.77, reflecting sustained positive momentum.
Trend strength is notably high, as indicated by the Average Directional Index (ADX) at 50.20. This strong ADX reading, coupled with a Plus Directional Indicator (+DI) of 48.99 significantly above the Minus Directional Indicator (-DI) of 9.09, confirms the strength of the current uptrend. The Supertrend and Parabolic SAR (PSAR) indicators are also positioned below the current price, reinforcing the bullish trend. Furthermore, the price closed above the upper Bollinger Band, which can suggest an extended upward move.
Conclusion
18K Gold per gram (IRR) concluded the session with a gain, marking its seventh consecutive day of increases and achieving its highest close in 30 days. The market exhibits a strong bullish trend, supported by key moving averages and robust trend strength indicators. However, momentum indicators signal that the asset 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.