18K Gold per gram (IRR) Pulls Back from Recent Highs
18K Gold per gram in Iranian Rial (IRR) experienced a decline on October 7, 2026, closing at 262,812,000 IRR. The session opened at its high of 267,404,000 I...
Market Summary
18K Gold per gram in Iranian Rial (IRR) experienced a decline on October 7, 2026, closing at 262,812,000 IRR. The session opened at its high of 267,404,000 IRR, indicating immediate downward pressure, and marked the end of a four-day streak of consecutive gains.
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Interactive price chart
Market Analysis
The latest trading session for 18K Gold per gram saw a notable pullback, with the price falling by 4,592,000 IRR from its opening level. The asset traded within a wide range, reaching a low of 261,314,000 IRR before recovering to close above the session's low. This daily decline follows a period of strong upward movement, which saw the price advance for four consecutive sessions, from a close of 256,944,000 IRR on October 3 to 267,383,000 IRR on October 6.
Despite the recent daily loss, the broader market structure for 18K Gold per gram remains bullish. The current price is positioned above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing upward trend. The asset is trading approximately 2.09% below its 52-week high, while remaining significantly distant from its 52-week low, at 69.42%. Key levels to watch include the observed resistance at 268,422,000 IRR and support at 231,070,000 IRR.
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Technical Highlights
Technical indicators present a mixed picture, reflecting both the established bullish trend and recent price action. The 14-period Relative Strength Index (RSI) stands at 71.99, suggesting that the asset is in overbought territory. The Average Directional Index (ADX) at 52.88 indicates a strong trend, with the Plus Directional Indicator (+DI) significantly above the Minus Directional Indicator (-DI), confirming the strength of the upward movement.
The Moving Average Convergence Divergence (MACD) shows a positive histogram of 1,173,754, signaling continued positive momentum. Both the Supertrend and Parabolic SAR (PSAR) indicators are positioned below the current price, with their directional signals confirming a bullish trend. However, the Aroon Oscillator, at -75.0, with Aroon Down at 79.17 and Aroon Up at 4.17, suggests that new lows have been made more recently than new highs within its lookback period, indicating a potential weakening of recent upward momentum despite the broader bullish trend.
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Conclusion
18K Gold per gram (IRR) experienced a daily decline, interrupting a four-day series of gains. While the overall market structure remains bullish, supported by the price trading above key moving averages and strong trend indicators like ADX, the RSI suggests overbought conditions. The Aroon Oscillator also points to a recent shift in momentum, indicating a lack of fresh highs. 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.