18K Gold per Gram Price Declines, Bullish Trend Holds

Market Summary

18K Gold per gram in Iranian Rial (IRR) closed lower on October 18, 2026, marking the second consecutive daily decline. The instrument opened at its session high, indicating immediate downward pressure throughout the trading period.

Market Analysis

The price of 18K Gold per gram concluded the session at 259,372,000 IRR, a decrease from its opening price of 261,819,000 IRR. The session's high matched its opening, while the low reached 257,664,000 IRR, resulting in a trading range of approximately 4.15 million IRR. This recent decline follows a period of general upward movement from late September to early October, which saw the price reach a high close of 267,383,000 IRR on October 6. Despite the current two-day pullback, the broader market structure for 18K Gold per gram remains bullish, with the price trading above its 20-day, 50-day, and 200-day Simple Moving Averages. The current closing price is approximately 3.37% below its 52-week high.

Technical Highlights

The overall market structure indicates a bullish trend, with the price of 18K Gold per gram positioned above its key moving averages. The 20-day Simple Moving Average stands at 257,893,050 IRR, the 50-day SMA at 240,940,840 IRR, and the 200-day SMA at 195,812,989 IRR, all below the current price.

Trend strength is notable, with the Average Directional Index (ADX) at 44.41, suggesting a strong underlying trend. The Plus Directional Indicator (+DI) at 35.25 is above the Minus Directional Indicator (-DI) at 24.72, supporting the positive directional bias of this trend.

Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) is at 59.70, indicating moderately positive momentum as it remains above the neutral 50 level. However, the Moving Average Convergence Divergence (MACD) histogram is negative at -1,442,374, suggesting that the MACD line has crossed below its signal line, which typically signals a short-term shift towards bearish momentum.

Further indicating a potential short-term shift, the Parabolic SAR (PSAR) direction is negative, with the price now below the PSAR value of 266,357,782 IRR. Similarly, the Aroon Oscillator is negative at -45.83, as Aroon Down (87.5) significantly surpasses Aroon Up (41.67), reinforcing the notion of weakening bullish momentum or strengthening bearish momentum in the short term.

Conclusion

18K Gold per gram experienced its second consecutive daily decline on October 18, 2026. While the broader market structure and long-term moving averages continue to indicate a bullish trend, several short-term technical indicators, including MACD, PSAR, and Aroon, suggest a recent shift towards bearish momentum. 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.