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All that glitters is Gold :AUGMONT BULLION REPORT

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  • Spot gold has reached its historic level of $4000 (~Rs 122,000), glittering more than 55% year-to-date, and setting a new milestone, amid global economic uncertainty and expectation of US interest rate cuts, investors are moving towards safety. 
  • Key economic data have been delayed by the US government shutdown, which is currently in its second week, making evaluations of the state of the US economy more difficult.
  • Further layers of uncertainty for international markets are being added by the ongoing political unrest in France and the recent change of leadership in Japan.
  • According to World Gold Council data, net inflows into Indian gold ETFs totalled $902 million in September 2025, a 285 per cent increase from $232 million in August. This was the fourth consecutive month of inflows, and all months of 2025 saw positive traction except for March and May.

Technical Triggers 

  • As bull run continues, Gold rally which is reached $4050(~Rs 122,500), can show more upward spikes towards $4150(~Rs 125,000), but one needs to be very cautious at this level. On the other hand, if Gold falls below $3950 (~Rs 120,000), we can say, top has been made, and a correction will follow.
  • Silver is on the way to touch $50(~Rs 150,000), as the bull run continues. $47(~Rs 145,000) is very strong support. If prices sustain below this level, we could see more correction or profit booking.

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$3850/oz$4150/oz
Indian₹117,000/10 gm₹125,000/10 gm
SilverInternational$46.50/oz$50/oz
Indian₹142,000/kg₹150,000/kg
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International News

Silver retreats Rs 9000/kg from its record high AUGMONT BULLION REPORT

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  • Prices of gold and silver fell as the US dollar appreciated and investors profited from the announcement that Israel and Hamas had reached an agreement on the first stage of a ceasefire plan.
  • Federal Reserve officials agreed that the dangers to the U.S. labour market were significant enough to justify a rate cut, but they remained cautious due to persistent inflation, according to minutes of the U.S. central bank’s September meeting that were made public on Wednesday.
  • Due to political unrest in France and Japan, as well as the ongoing government shutdown in the United States, markets have struggled this week. As a result, investors have turned to gold for safety.

Technical Triggers 

  • As the gold prices fell more than $100, volatility is very high. If gold futures sustain below yesterday’s low of $3958 (~Rs 120,200), we can say, top has been made, and a correction will follow for at least 4-5%.
  • Silver achieved the target of $50 (~Rs 153,000). And then prices retreated by almost Rs 9000 from their high in volatile momentum. Yesterday’s low of $46.90 (~Rs 145,000) is a very strong support. If Silver futures sustain below this level, we could see more correction or profit booking by at least 4-5%.

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$3850/oz$4100/oz
GoldIndian₹117,000/10 gm₹124,000/10 gm
SilverInternational$47/oz$50/oz
SilverIndian₹145,000/kg₹150,000/kg

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