18K Gold per gram Records Second Consecutive Daily Decline

Market Summary

18K Gold per gram (IRR) closed lower on October 12, 2026, marking its second consecutive day of decline. The asset opened at 262,992,000 IRR and finished the session at 259,619,000 IRR, experiencing a notable daily loss.

Market Analysis

The latest trading session for 18K Gold per gram saw prices retreat, with the closing price of 259,619,000 IRR falling below both its opening price of 262,992,000 IRR and the previous day's close of 262,978,000 IRR. This marks the second consecutive day of decline for the asset. During the session, the price traded in a wider range, reaching a high of 263,066,000 IRR and a low of 259,511,000 IRR. Notably, both the session's high and low were below those of the preceding day.

Despite these recent declines, the overall 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 this broader positive trend. The asset is trading approximately 3.28% below its 52-week high, while remaining significantly above its 52-week low by about 67.37%. Identified support for the asset stands at 234,648,000 IRR, with resistance noted at 268,422,000 IRR.

Technical Highlights

Technical indicators present a nuanced view. The price remains above its 20-day, 50-day, and 200-day Simple Moving Averages, and the Supertrend indicator continues to signal a bullish trend, with its value below the current price. The Average Directional Index (ADX) at 52.12 suggests a strong trend, with the Plus Directional Indicator (+DI) at 39.75 notably above the Minus Directional Indicator (-DI) at 17.01, supporting the underlying bullish trend strength.

Momentum remains moderately positive, with the 14-period Relative Strength Index (RSI) at 63.85, indicating the asset is not in overbought territory. However, some short-term indicators suggest a shift in momentum. The Moving Average Convergence Divergence (MACD) histogram is negative, and the MACD line is below its signal line, pointing to a weakening of positive momentum. Furthermore, the Parabolic SAR (PSAR) is currently above the price, and the Aroon Down indicator at 95.83 significantly outweighs Aroon Up at 20.83, suggesting the emergence of short-term bearish signals.

Conclusion

18K Gold per gram experienced a second consecutive daily decline on October 12, 2026, closing lower than its open and the previous session. While several indicators and the overall market structure point to an ongoing bullish trend, recent price action and some short-term technical indicators suggest a weakening of positive momentum or a potential short-term bearish shift. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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