18K Gold per gram (IRR) Records Second Consecutive Daily Loss

Market Summary

18K Gold per gram in Iranian Rial (IRR) closed lower on November 8, 2026, marking its second consecutive day of decline. The precious metal settled at IRR 254,171,000, a modest gain from its opening price but a decrease compared to the previous session's close.

Market Analysis

The latest trading session for 18K Gold per gram (IRR) saw the price open at IRR 253,818,000. It traded within a range, reaching a high of IRR 255,563,000 and a low of IRR 252,539,000 before closing at IRR 254,171,000. This close represents a continuation of a recent downward movement, following a close of IRR 255,940,000 on November 7.

Despite the recent declines, the overall market structure indicates a bullish trend. The current price remains above its 50-day and 200-day Simple Moving Averages (SMAs), which stand at IRR 253,932,960 and IRR 203,476,759, respectively. Notably, the price is trading very close to its 50-day SMA. However, it has fallen below its 20-day SMA of IRR 260,829,600, suggesting short-term weakness. The asset is currently 6.93% below its 52-week high, while remaining significantly above its 52-week low. Key support is identified at IRR 251,616,000, with resistance at IRR 273,108,000.

Technical Highlights

Technical indicators present a mixed picture, largely pointing to recent bearish momentum. The MACD histogram is negative, with the MACD line below its signal line, indicating downward momentum. The Commodity Channel Index (CCI) at -131.24 and Williams %R at -87.61 both suggest strong downward pressure and potentially oversold conditions. Similarly, the Stochastic RSI (K: 22.88, D: 26.17) is in the lower range, reinforcing the notion of recent selling pressure.

The Average Directional Index (ADX) at 22.28 suggests a lack of a strong directional trend. However, both the Supertrend and Parabolic SAR (PSAR) indicators are signaling a downtrend, conflicting with the overall "Bullish" trend identified by market structure. The price is also trading near the lower Bollinger Band, which is at IRR 251,118,626, indicating it is at the lower end of its recent volatility range.

Conclusion

18K Gold per gram (IRR) experienced a second consecutive daily loss, with recent price action indicating short-term bearish momentum and potentially oversold conditions according to several technical indicators. While the broader market structure maintains a bullish trend, the price has fallen below its 20-day SMA and is trading near its 50-day SMA. 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.