18K Gold per gram (IRR) Registers Daily Decline Amidst Broader Bullish Trend
On August 2, 2026, the price of 18K Gold per gram (IRR) closed lower, marking a single consecutive day of decline. The instrument opened at its session high,...
Market Summary
On August 2, 2026, the price of 18K Gold per gram (IRR) closed lower, marking a single consecutive day of decline. The instrument opened at its session high, indicating immediate downward pressure throughout the trading period.
Interactive price chart
Market Analysis
18K Gold per gram (IRR) concluded the session at 183,305,000 IRR, a decrease from the previous day's close of 186,980,000 IRR. The day's trading saw the price open at 186,996,000 IRR, which also represented the session's high, suggesting that no upward movement occurred from the opening price. The low for the session was recorded at 182,130,000 IRR.
Despite the daily pullback, the overall market structure for 18K Gold per gram (IRR) is identified as Bullish. The current price remains positioned above both its 50-day Simple Moving Average (SMA) of 176,706,916 IRR and its 200-day SMA of 174,665,089 IRR. However, the closing price for the session fell slightly below the 20-day SMA, which stands at 183,449,250 IRR. The instrument is currently 18.14% below its 52-week high and 78.81% above its 52-week low. Key price levels indicate resistance at 191,456,000 IRR and support at 174,396,000 IRR.
Technical Highlights
Momentum indicators present a mixed picture. The 14-period Relative Strength Index (RSI) is at 51.85, suggesting moderately positive momentum, though it remains close to the neutral 50 level. The Moving Average Convergence Divergence (MACD) histogram is negative at -222,170, indicating that the MACD line has crossed below its signal line, which typically points to weakening bullish momentum.
The Average Directional Index (ADX) for 14 periods is at 20.90, which is below the 25 threshold, suggesting that the current trend lacks strong directional conviction. Conversely, both the Supertrend and Parabolic SAR (PSAR) indicators maintain a positive direction, with Supertrend at 176,664,241 IRR and PSAR at 178,935,231 IRR, reinforcing an underlying uptrend. However, the Aroon indicator shows Aroon Down at 79.17, significantly higher than Aroon Up at 54.17, with an Aroon Oscillator of -25.0, implying that recent downtrend strength has been more pronounced than uptrend strength.
Conclusion
18K Gold per gram (IRR) experienced a daily decline on August 2, 2026, closing below its 20-day SMA. While the broader market structure remains bullish, supported by the price holding above its longer-term moving averages and positive signals from Supertrend and PSAR, momentum indicators like MACD and Aroon suggest a recent weakening of upward momentum and increased downtrend strength. The available market data alone do not indicate the underlying cause of the observed price movement.
Live rates
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