International News
Gold and Silver recoup half of the losses AUGMONT BULLION REPORT
- Gold has recovered nearly 15% from recent lows, while silver has rebounded about 25%, as forced liquidations eased and dip buyers stepped in to capitalize on sharply lower prices.
- Geopolitical tensions added to safe-haven demand after the US Navy shot down an Iranian drone in the Arabian Sea, even as markets await a fresh round of nuclear talks scheduled for Friday.
- President Trump signed a spending deal restoring funding for key federal agencies, effectively ending the partial US government shutdown and extending Homeland Security funding until February 13, buying time for further negotiations.
- The US Nonfarm Payrolls report will not be released this Friday; however, the ADP private-sector employment data due Wednesday will offer key insights into labor market conditions.
Technical Triggers
- After achieving target of $5000, Gold prices may extend the ongoing rebound towards $5200 (~ Rs.163,000), with strong support at $4,900 (~ Rs.150,000).
- Silver is attempting to build a base and is expected to consolidate in the $72–$88 range (~ Rs.225,000–Rs.283,000). If prices sustain above this range, then prices can rally towards $98-100 (~ Rs 320-325000) zone in coming days.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4900 / oz | $5200 / oz |
| Gold | India | ₹150,000 / 10 gm | ₹163,000 / 10 gm |
| Silver | International | $72 / oz | $88 / oz |
| Silver | India | ₹225,000 / kg | ₹283,000 / kg |
International News
Precious Metals Rebound As Fed Rate Fears Ease
Recent Volatility In Technology Stocks Pushed Investors To Seek Shelter In Traditional Safe-Haven Assets
Gold and silver surged on Saturday, June 27, building on recent gains after cooler US inflation data alleviated worries about potential Federal Reserve interest rate hikes. This rebound follows a sharp downturn last week, which had dragged bullion down to its lowest levels since November 2025.
Spot Gold: Advanced 1.6% to settle at $4,089.80 per ounce in New York. Spot Silver: Climbed 2.2% to reach $59.15 per ounce. Other Metals: Platinum and palladium also posted gains.
Beyond the macroeconomic data, broader market anxiety fueled the rally. Recent volatility in technology stocks—largely driven by shifting sentiment around Artificial Intelligence (AI)—pushed investors to seek shelter in traditional safe-haven assets. Despite a 1.7% intraday surge on Friday, gold remains on track for its fourth consecutive weekly decline, marking its longest weekly losing streak since August 2023.
Meanwhile, Indian domestic retail prices held steady on Saturday, maintaining their elevated positions. In Mumbai, prices closely mirrored national trends: 24K Gold: Rs. 1,44,300 per 10 grams.999 Fine Silver: Rs. 2,22,850 per kilogram
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