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Gold and Silver retrace as investors take profits after record high AUGMONT BULLION REPORT

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  • Gold and Silver prices declined, weighed down by a firmer US dollar, but remained on track for their strongest monthly gain since 1980, as investors continued to seek safety amid ongoing geopolitical and economic uncertainty.
  • Despite the fall, Silver continued to outperform, with prices set to rise over 50% in January, marking the best monthly performance on record and extending its rally to nine consecutive months.
  • The broader precious metals rally has been driven by persistent geopolitical and macroeconomic risks, coupled with a sharp depreciation in the US dollar following policy uncertainty in Washington and President Donald Trump’s apparent comfort with a weaker currency.
  • Gold demand is broadening across investor classes, ranging from crypto-linked capital flows to central banks, as precious metals remain in focus during periods of high returns and uncertainty.
  • Geopolitical risks intensified further after President Trump urged Iran to negotiate a nuclear deal, while Tehran responded with threats of retaliation against the US, Israel, and their allies.

Technical Triggers        

  • Gold prices can consolidate here in the range of $5150 to $5500 before resuming its uptrend towards $5800–6000 (Rs.1,87,000–1,95,000). Strong support lies at $5150 (Rs.1,60,000); a break could trigger profit-booking toward $5000–$4750.
  • Silver prices can consolidate here in the range of $108 to 120 before resuming its uptrend towards $125–130 (Rs.4,30,000–4,50,000). Key support lies at $108 (Rs.3,60,000), below which prices may retrace to $103–$98.

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$5150 / oz$5800 / oz
GoldIndia₹160,000 / 10 gm₹187,000 / 10 gm
SilverInternational$108 / oz$125 / oz
SilverIndia₹360,000 / kg₹430,000 / kg

source: AUGMONT

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Mohar Fine Jewels x Gemfields : From Florals To Geometry, Coloured Gemstones Take New Forms

The Latest Collection Pairs Gemfields’ Zambian Emeralds and Mozambican Rubies With Mohar Fine Jewels’ Craftsmanship Across Bold, Floral and Contemporary Designs. 

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With a three-generation legacy in fine jewellery, Mohar Fine Jewels has built its expertise around natural gemstones, with emeralds being a particular focus for the family. The latest additions to the partnership with Gemfields bring together Zambian emeralds and Mozambican rubies across individual designs that play with floral forms, geometric silhouettes and statement proportions.

The new pieces look at coloured gemstone jewellery through a more expressive lens, with the gemstones often taking centre stage rather than being treated as accents. The Ruby Droplet Earrings, for instance, use 33.69cts of Gemfields Mozambican rubies with 4.78cts of diamonds, creating a bold red statement in 18k gold. On the emerald side, the Emerald and Diamond Blooming Studs bring together 18.30cts of Gemfields Zambian emeralds with 4.07cts of diamonds, translating the idea of a bloom into a more defined, sculptural silhouette.

The Emerald and Diamond Earrings make a statement through scale, featuring 51.59cts of Zambian emeralds alongside 8.96cts of diamonds. A more structured take comes through in the Emerald and Diamond Studs, which pair 7.36cts of Zambian emeralds with 0.965cts of diamonds. Meanwhile, the Emerald and Yellow Diamond Studs introduce a contrasting play of colour, centred around a 25.6ct Zambian emerald with 3.09cts of diamonds. The Ruby Blossom Necklace takes the floral inspiration in another direction, using a blooming silhouette to frame the deep red of Mozambican rubies.

Across the pieces, the designs move between statement and more wearable silhouettes, making coloured gemstones the defining element for occasion dressing while bringing together Mohar Fine Jewels’ craftsmanship and Gemfields’ Zambian emeralds and Mozambican rubies.

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