International News
Optimism vs. Risk: Precious Metals Hold Gains Amid Fragile Peace Talks
AUGMONT BULLION REPORT- Bullion prices have recovered firmly, supported by cautious diplomatic optimism on the Iran conflict and sustained central bank buying.
- Safe-Haven Dynamics – Bullion prices have recovered firmly, supported by cautious diplomatic optimism on the Iran conflict and sustained central bank buying. However, the upside remains capped by fragile ceasefire conditions. A breakdown in negotiations could pull gold back to the mid-$4,000s swiftly, while a credible peace deal would clear the path toward $5000 — making the current range a pivotal decision zone for markets.
- Geopolitical Developments – President Trump expressed optimism over a potential deal to end the six-week conflict, but simultaneously threatened Iran over proposed fees for Strait of Hormuz passage — a move that reintroduced risk premium into energy and bullion markets. Separately, Israeli strikes in Lebanon have further destabilized the fragile ceasefire brokered earlier this week, keeping geopolitical uncertainty elevated and safe-haven demand structurally supported.
- Macro-economic Signals – Central bank accumulation continues to provide a strong demand floor for gold. Poland’s central bank purchased 20 tonnes in February, maintaining its strategic target of 700 tonnes in total reserves. China added approximately 5 tonnes in March — its largest single monthly purchase in over a year — capitalizing on a price dip. This sustained institutional buying signals that global reserve managers view current levels as strategically attractive, reinforcing gold’s medium-term bullish outlook regardless of short-term geopolitical noise.
Technical Triggers
- If Gold sustains above $4,800 (~ Rs. 1,53,000) the next upside resistance would be $5,000 (~ Rs. 1,59,000).
- If Silver is above $76.50 (~Rs. 2,44,000), the next resistance would be $82 (~Rs. 2,55,000) and $87 (~ Rs. 2,65,000) on continued strength.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4600/oz : $5000/oz : Rs 153,000/10 gm : Rs 159,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $70/oz : $82/oz : Rs 225,000/kg : Rs 255,000/kg |
International News
GJEPC Auckland Visit Targets Growth In India-NZ Jewellery Trade
The Opportunity In New Zealand Is Significant Relative To The Current Level Of Jewellery Trade. India’s Gem and Jewellery Exports To New Zealand Rose 50.56% To US$25.46 Million In FY2025-26, From US$16.91 Million In FY2024-25.
The GJEPC trade delegation’s Auckland programme has highlighted the scope for expanding India’s gem and jewellery exports to New Zealand as the two countries move towards implementing their recently concluded Free Trade Agreement (FTA).
The Auckland visit was part of GJEPC’s Australia and New Zealand trade delegation, held from 20-26 August 2026, with the delegation focused on connecting Indian manufacturers and exporters with buyers and industry stakeholders across the two markets.
The opportunity in New Zealand is significant relative to the current level of jewellery trade. India’s gem and jewellery exports to New Zealand rose 50.56% to US$25.46 million in FY2025-26, from US$16.91 million in FY2024-25.
The recently concluded India-New Zealand FTA is expected to create further opportunities for Indian exporters. New Zealand has committed to duty-free access for Indian exports across 100% of its tariff lines once the agreement enters into force.
On 26th August, Vijay Mangukiya, Convener – International Events, GJEPC and leader of the delegation, met Dr. Madan Mohan Sethi, Consul General of India in Auckland. Mangukiya has said the delegation was aimed at bringing Indian manufacturers and exporters closer to buyers and industry stakeholders in both Australia and New Zealand, with the objective of identifying new business opportunities and developing long-term partnerships.
The delegation’s Auckland market visits covered a broad cross-section of the local jewellery sector, including Michael Hill, Wallace Bishop, Hardy Brothers, Prouds, and Partridge Jewellers. The delegation also observed international luxury and contemporary jewellery brands including Van Cleef & Arpels, Roberto Coin, Messika and FOPE, reflecting the competitive environment in which Indian exporters would be seeking to establish or expand relationships.
India’s exports of individual jewellery categories to New Zealand also recorded strong growth in FY2025-26. Gold jewellery exports rose 84% to US$17.47 million, while silver jewellery exports doubled to US$0.91 million. Lab-grown diamond exports rose 2% to US$0.63 million, and imitation jewellery increased 13.16% to US$0.43 million. Cut and polished diamond exports were US$5.76 million.
The figures underline the growing contribution of finished jewellery to India’s New Zealand business. With the FTA expected to improve market access and the Auckland market showing demand across gold, diamonds, coloured stones, pearls and branded jewellery, GJEPC’s delegation is seeking to convert this existing growth into deeper commercial relationships.
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