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A world of extreme uncertainty sparks gold to cross $3200: AUGMONT BULLION REPORT

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  • Gold’s haven status has been underlined this week as it approaches $3240 (~Rs 92400). President Donald Trump’s flip-flopping message on his tariff plan sparks frenzied selloffs for US stocks, Treasuries, and the currency, as worries of a global recession grip Wall Street. 
  • Even after his 90-day tariff freeze on higher levies that struck dozens of trade partners, charges on all Chinese imports have risen to at least 145%, with Beijing threatening to retaliate with 84% tariffs.
  • The Dollar Index has fallen below 100 as central banks around the world sell US bonds and increasingly buy gold.
  • Tensions between the two countries have reignited fears of a US recession on the way. On Thursday, statistics indicated that underlying US inflation fell broadly in March, with traders now pricing in expectations for three interest-rate cuts in the remainder of the year, with the possibility of a fourth.

Technical Triggers      

MetalCurrent TrendSupport LevelBuying Opportunity ZoneTarget / Resistance Level
GoldRallied from $3000 to $3240 in 2 days$3300 (~Rs 95,000)
SilverStrong support around $29 (~Rs 87,000)$29 (~Rs 87,000)Below $30 (~Rs 89,000)$32 (~Rs 94,000)

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International News

74th Bangkok Gems & Jewelry Fair Set for September 2026 with Expanded Global Showcase

Stronger Participation, Wider Sourcing Opportunities, and Enhanced Exhibition Space Position the Fair as a Key Platform for Global Jewellery Trade

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The 74th edition of the Bangkok Gems & Jewelry Fair is scheduled to take place from September 8–12, 2026, at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, building on the strong momentum of its previous edition.

The 73rd edition recorded an impressive THB 4.75 billion in trade value and attracted over 40,000 visitors from 118 countries, reinforcing the fair’s position as a global sourcing hub for the jewellery industry.

This year, organisers have expanded the exhibition footprint to cover the entire QSNCC venue, including Halls 1–8 and Plenary Halls 1–4, with the addition of Plenary Hall 3. The move aims to accommodate growing exhibitor demand and improve navigation across product categories.

For jewellery retailers, the fair offers access to a diverse supplier base, spanning loose gemstones, finished jewellery, and manufacturing services. It also enables connections with OEM and ODM partners, supporting the creation of customised collections tailored to regional markets and pricing strategies.

Positioned within Thailand’s well-established gemstone and jewellery manufacturing ecosystem, the event provides opportunities to explore competitive sourcing, diversify supply chains, and gain insights into global trends.

With its broad product mix, international participation, and strong industry relevance, the upcoming edition is expected to support inventory planning, supplier discovery, and business expansion for jewellery retailers worldwide.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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