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Bullion battling to sustain at higher levels: AUGMONT BULLION REPORT

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  • Gold prices saw losses of almost 2%, dropping below $3300, as investors applauded US President Donald Trump’s decision to postpone imposing tariffs on goods from the European Union.
  • Due to uncertainty surrounding US tax policy and tariffs, Durable Goods Orders declined for the first time since October. The tariff truce was credited with helping the US Consumer Confidence rebound from 85.7 to 98.0 in May.
  • In April, China’s net imports of gold through Hong Kong more than quadrupled compared to March, reaching their highest level since March 2024.
  • Money markets indicate that traders are factoring in easing by 50 basis points by the FED in the year 2025.

Technical Triggers  

  • Gold prices are expected to trade in the range of $3275(~Rs 95000) and $3375(~Rs 96400) in the near term. Either side breakout or breakdown will give 2-3% movement.
  • Silver prices are expected to trade in the range of $32.5(~Rs 96000) and $34(~Rs 99000) in the near term.

Support and Resistance

CommodityMarketSupport LevelResistance Level
GoldInternational$3275/oz$3375/oz
Indian₹95,000/10 gm₹96,500/10 gm
SilverInternational$32.5/oz$34/oz
Indian₹96,000/kg₹99,000/kg
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International News

Sabyasachi, The Metropolitan Museum Of Art Partnered For A Multi-Year Collaboration

The Line Bridges Historic Met Artifacts With Modern Luxury, Weaving Human Themes Of Love, Mortality, and Family Into Extravagant High Jewelry.

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Nearly two decades after making his New York runway debut, renowned Indian designer Sabyasachi Mukherjee is set to return to New York Fashion Week on September 15, 2026, unveiling the first chapter of a multi-year collaboration with The Metropolitan Museum of Art (The Met).

The partnership will debut with an exclusive six-piece high jewellery collection inspired by the museum’s extraordinary holdings of art, sculpture and material culture. The collection reflects Sabyasachi’s belief that history is not static, but continues to evolve as it travels across cultures and generations.

Comprising three necklaces, two wrist cuffs and a pair of earrings, the collection draws from Byzantine and Roman influences while translating historic iconography into contemporary luxury. Crafted in 18k and 22k gold, the pieces feature round brilliant-cut diamonds alongside jade, tourmaline, lapis lazuli, jasper and onyx.

The designs take inspiration from Imperial Roman statuary, ancient medallions and religious artefacts housed in The Met. Among the standout creations is a pendant necklace based on an Imperial Roman marble sculpture depicting a family, inspired by a 2nd–3rd century CE Roman funerary relief from Thrace. Another notable piece is an asymmetrical tiger-claw necklace influenced by the intricate decoration of a 12th-century casket.

Rather than simply recreating historical objects, Sabyasachi reinterprets them through the lens of modern high jewellery, weaving universal themes such as love, mortality and family into each creation.

The New York presentation marks the beginning of a long-term creative dialogue between Sabyasachi and The Met, bringing together Indian design sensibilities and one of the world’s most celebrated museum collections in a collaboration that bridges heritage, craftsmanship and contemporary luxury.

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