International News
Gold and Silver Retreat As Dollar Holds Multi-Year Highs AUGMONT BULLION REPORT
Gold Slipped Below $4150 and Silver Edged Toward $63, On Mounting Expectations Of Federal Reserve Rate Hikes
- Price Movement – Gold slipped below $4150 and Silver edged toward $63, continuing their recent downward trend as mounting expectations of Federal Reserve rate hikes overshadowed cautious optimism around active US-Iran peace talks. Sterling is under additional pressure as the UK braces for an imminent change in prime minister. Meanwhile, speculative yen selling is intensifying, steadily testing the Japanese government’s tolerance threshold.
- Geopolitical Event– US has issued Iran a 60-day licence to sell oil on international markets, raising expectations of a faster-than-anticipated recovery in global crude supply. Traffic through the Strait of Hormuz has picked up, with producers including Kuwait and the UAE actively securing alternative export corridors. Iran alone shipped over 30 million barrels in the past week, signalling a meaningful near-term supply uptick.
- Macro-Economic Event – Market attention this week centres on the upcoming PCE report — the Fed’s preferred inflation measure — which is expected to shed fresh light on underlying price pressures. According to the CME FedWatch tool, traders are now pricing in an 89% probability of a Fed rate hike in December, a sharp jump from 61% prior to last week’s FOMC meeting.
Technical Triggers
- With Gold having broken below $4,200, the next key support zone sits at $4,050–$4,100, equivalent to approximately Rs 1,43,000–Rs 1,44,000
- Silver’s breach of the $65 support level shifts focuses to the $60–$61 range, or roughly Rs 2,20,000–Rs 2,15,000 on domestic markets.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level DomesticGold Resistance Level | : $4060/oz : $4350/oz : Rs 143,000/10 gm : Rs 154,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $60/oz : $71/oz : Rs 254,000/kg : Rs 215,000/kg |
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.
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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