International News
Gold and Silver retreat from highs on margin increase AUGMONT BULLION REPORT
Gold and silver experienced the biggest volatility, plunging more than $200 and $12 in a single day from their highs, respectively. The severity of silver’s slide was exacerbated by the CME’s decision to boost overnight margin requirements to $25,000—the second rise this month. This modification most likely caused forced liquidations among leveraged traders, resulting in position closures independent of individual market outlooks.
Following a meeting between the presidents of the United States and Ukraine at Mar-a-Lago, there was some tentative hope about prospective peace negotiations. However, this cautious optimism was dashed when Russian President Vladimir Putin notified President Donald Trump on Monday that Moscow would reconsider its negotiation position following what the Kremlin described as a Ukrainian drone strike on a Russian presidential palace. This conflicting geopolitical signal added more anxiety to an already tumultuous trading session.
Separately, Trump threatened of future strikes against Iran if nuclear development proceeds, while also revealing that the US has hit a drug-related facility in Venezuela.
Technical Triggers
- Gold prices are expected to consolidate in the range of$4300 (~Rs 134,000) and $4400 (~Rs 136,500) after this sharp sell off.
- Silver prices are expected to consolidate between $70 (~Rs 223,000) and $75 (~Rs 237,000), after the sharp sell off.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4300 / oz | $4400 / oz |
| Gold | India | ₹134,000 / 10 gm | ₹136,500 / 10 gm |
| Silver | International | $70 / oz | $75 / oz |
| Silver | India | ₹223,000 / kg | ₹237,000 / kg |
DiamondBuzz
Rio Tinto’s Diamond Division Posts $79 Million EBITDA Loss in 2025
Higher output from Canada’s Diavik Diamond Mine offsets revenue decline, but end-of-life pressures continue to weigh on performance.
Rio Tinto reported a challenging year for its diamond business in 2025, posting an underlying EBITDA loss of $79 million despite improved revenues. While the loss narrowed compared to the $115 million deficit recorded in 2024, the division remained under pressure amid a global diamond market slowdown and the nearing closure of its last active mine.
Annual revenue rose 19% to $332 million, supported by stronger production at the Diavik mine in Canada, Rio Tinto’s only remaining diamond operation. Output climbed 61% to 4.4 million carats, driven by the ramp-up of mining activities in the underground section of the A21 deposit, which began scaling up in late 2024.
However, the A21 underground ore body is expected to be depleted by the end of the first quarter of 2026, marking the end of Diavik’s operational life. The company plans to spend approximately $1 billion this year on closure activities related to Diavik, as well as rehabilitation work at the former Argyle Diamond Mine, which ceased production in 2020, and other non-diamond projects.
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