18K Gold per gram (IRR) Pulls Back After Recent Gains

Market Summary

18K Gold per gram (IRR) experienced a notable decline on October 24, 2026, closing significantly lower after opening at its daily high. This session marked a reversal following four consecutive days of gains, with the price settling at 260,633,000 IRR.

Market Analysis

The latest trading session for 18K Gold per gram saw a substantial decline, with the price opening at 272,235,000 IRR, which also marked the day's high. Prices moved lower immediately after the open, reaching a low of 260,047,000 IRR before closing at 260,633,000 IRR. This represents a decrease of approximately 4.26% from the opening price.

This daily drop interrupted a recent upward movement that saw the asset record four consecutive days of gains, from October 19 to October 22. Despite the recent pullback, the overall market structure for 18K Gold per gram is classified as "Bullish." The current price remains above its 50-day and 200-day Simple Moving Averages, indicating a positive longer-term outlook. However, the price has fallen below its 20-day Simple Moving Average. The asset is currently 4.57% below its 52-week high, while remaining significantly above its 52-week low. Key levels to observe include support at 253,001,000 IRR and resistance at 273,108,000 IRR.

Technical Highlights

Several technical indicators reflect the recent price action and underlying market conditions:

• Moving Averages: The price closed below its 20-day Simple Moving Average of 262,999,450 IRR, suggesting a short-term weakening. However, it maintains a position above the 50-day SMA (246,272,540 IRR) and the 200-day SMA (198,018,062 IRR), supporting the broader bullish trend.
• Relative Strength Index (RSI): With a 14-period RSI at 54.24, momentum remains moderately positive, staying above the neutral 50 level.
• Average Directional Index (ADX): The ADX reading of 38.86 indicates a strong underlying trend. The Plus Directional Indicator (+DI) at 36.05, positioned above the Minus Directional Indicator (-DI) at 31.11, further supports the strength of the prevailing bullish trend.
• Moving Average Convergence Divergence (MACD): The MACD histogram is negative at -854,945, suggesting that the MACD line has crossed below its signal line, which typically indicates a shift towards weakening or bearish momentum in the short term.
• Aroon Oscillator: The Aroon Down indicator is at 100, while Aroon Up is at 4.17, resulting in an Aroon Oscillator value of -95.83. This configuration points to a strong short-term downtrend, contrasting with the broader bullish trend identified in the market structure.

Conclusion

18K Gold per gram (IRR) experienced a significant daily decline, interrupting a recent series of gains and pushing the price below its short-term moving average. While several indicators suggest a strong underlying bullish trend, short-term momentum indicators reflect the recent downward shift. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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