National News
AUGMONT Bullion Daily Report
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Fundamental News and Triggers
Gold acts as a shelter to weather the storm of unpredictability.
• Gold prices hit a record high above $2850 (around Rs 82000) after the dollar declined following a report that revealed the U.S. economy grew more slowly than anticipated in the fourth quarter. The fourth quarter saw a 2.3% increase in the US GDP, which was less than the 2.5% increase that was predicted and down from the 3.1% increase in the previous quarter.
• President Donald Trump reiterated his threats to put a 25% tariff on United States goods from Canada and Mexico. Gold has seen safe-haven flows due to repeated tariff threats.
• Trump’s immigration and tariff policies continue to be the main emphasis, along with their potential effects on inflation and the economy. If the inflation data today rises to the downside, it may indicate that the Fed has more leeway in its policies, which might advance hopes of a rate decrease and boost gold prices.
Technical Triggers
• As forecasted, gold prices have achieved the target of $2800 (~Rs 81000). We can see some profit booking today before prices can rise further.
• Silver prices have sustained above $31(~Rs 93000) to start their bullish momentum towards $32 (~Rs 96000).
Support and Resistance
International Gold Support level : $2790/oz
International Gold Resistance level : $2900/oz
Indian Gold Support level : Rs 81000/ 10 gm
Indian Gold Resistance level : Rs 83000/ 10 gm
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International Silver Support level : $29.5/oz
International Silver Resistance level : $32/oz
Indian Silver Support level : Rs 92500/ kg
Indian Silver Resistance level : Rs 96000/ kg
BrandBuzz
Mavitrra Launches “The Amara Collection” – A Timeless Celebration of Bridal Grandeur and Festive Luxury
Mavitrra, the elegant and stylistically unique and masterfully crafted bespoke diamond jewellery brand, has just come up with its latest creation this Diwali season. The Amara Collection, an alluring and timeless luxury bridal and festive jewellery collection that stays radiant and adds value to your wardrobe for the coming years.
“The Amara Collection” defines the beauty and sophistication of a lifetime, with pieces that are impeccably designed using natural diamonds and hallmark white and yellow gold. Each piece honours the glory of Indian celebrations and the opulence of bridal extravagance, combining ageless charm with modern artistry.
The idea of “Shining Beyond Time” has been the core of designing the collection, representing the concept in all the jewellery pieces. This is a collection of timeless masterpieces ranging from elegant diamond bangles and statement bridal rings to delicate yet grandeur evoking Lotus Earrings, all crafted in exquisite yellow and white gold. The essence of Mavitrra’s concept of artwear serving as a medium of expressing one’s unique personality and feelings is there in every intricate ornament.
“The beautiful, Amara collection is a nod to the spirit of the contemporary Indian woman, the bright, the strong and the timeless one,” states Bindu Sharma, the Founder and Creative Director of Mavitrra. She adds, “Every piece epitomises elegance, history, going far beyond ongoing fashion.”
Mavitrra specialises in custom-tailored luxury and blends proven manufacturing techniques with the highest quality inputs and a qualitative design to produce not merely luxurious jewellery but significant ones. From the custom bridal sets to the singular heirloom designs, each creative work is backed up by a certificate of excellence and made to perfection by hand of the master artisans.
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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.