International News
FED turns dovish, projecting only one rate cut in 2026 AUGMONT BULLION REPORT
- Despite the Federal Reserve’s dovish estimate for interest rates in 2026, gold and silver prices are trading strongly due to safe haven demand amid geopolitical instability.
- The Federal Reserve cut rates by 25 basis points, as predicted, with a 9-3 split vote. Fed Chair Jerome Powell stated that the central bank is “well positioned“ to “wait and see” how the economy unfolds, having eased policy by 75 basis points this year.
- The Summary of Economic Projections displayed a “dot-plot” in which most members said that the fed funds rate for the next year would be approximately 3.4%, meaning that policymakers may slash 25 basis points in 2026. Beyond 2028, Fed policymakers expect neutral rates to be about 3%.
- Meanwhile, geopolitical uncertainties contributed to the metal’s safe-haven appeal, notably the US interception of a sanctioned ship near Venezuela and persistent uncertainty regarding the Russia-Ukraine peace process.
Technical Triggers
- If gold sustains below $4200 (~Rs 129,000), we are likely to see more sell off upto $4100(~Rs 124,500).
- One could sell Silver below $62 (~Rs 192,000) for the target of $60.50 (~Rs 188,000).
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $4200/oz | $4300/oz |
| Indian Gold | ₹129,000 / 10 gm | ₹131,400 / 10 gm |
| International Silver | $60.5/oz | $63.25/oz |
| Indian Silver | ₹187,000 / kg | ₹193,500 / kg |
International News
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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