18K Gold per gram (IRR) Records Daily Decline Amidst Divergent Trend Signals

Market Summary

On October 27, 2026, the price of 18K Gold per gram in Iranian Rial (IRR) closed lower, marking a daily decline. The asset opened at IRR 263,620,000 and reached a high of IRR 264,797,000 before falling to a low of IRR 261,427,000. It ultimately settled at IRR 262,073,000, representing a decrease from its opening price.

Market Analysis

The latest session for 18K Gold per gram saw a retreat, with the closing price of IRR 262,073,000 falling below its opening level. This daily decline follows an upward movement in the prior session, marking the first down day after a period that saw the price reach a recent high of IRR 273,108,000 on October 22. The current price is approximately 4.04% below its 52-week high, while remaining significantly above its 52-week low.

While the broader market structure identifies the trend as bullish, the price action shows some short-term weakness. The current closing price is below the 20-day Simple Moving Average (SMA20) of IRR 263,157,800, suggesting a bearish signal in the immediate term. However, the price remains above both its 50-day SMA of IRR 248,932,700 and its 200-day SMA of IRR 199,321,319, which typically indicates a sustained bullish outlook over medium and longer timeframes. The session's trading range was approximately IRR 3,370,000, with the close near the lower end of the daily range.

Technical Highlights

Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) stands at 55.15, indicating moderately positive momentum without being in overbought territory. Conversely, the Moving Average Convergence Divergence (MACD) histogram is negative at -1,356,518, suggesting a weakening of upward momentum.

Trend strength is indicated by the Average Directional Index (ADX) at 32.35, which is above 25, implying a strong trend is in place. The Plus Directional Indicator (+DI) is slightly above the Minus Directional Indicator (-DI), at 32.85 and 27.58 respectively, which generally supports the underlying bullish trend identified in the market structure. However, the Aroon Oscillator is at -83.33, with Aroon Down at 100, signaling a strong short-term downtrend, which contrasts with the broader bullish assessment. The Supertrend and Parabolic SAR (PSAR) indicators also point to a downtrend, with their directional signals at -1.0.

Conclusion

18K Gold per gram experienced a daily decline on October 27, closing below its opening price. The asset's price action and several short-term technical indicators suggest a recent shift towards bearish momentum, despite the broader market structure maintaining a bullish trend, supported by its position relative to longer-term moving averages and ADX. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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