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
Diamond Slump forces Debswana to diversify into copper, platinum and solar
Diamond-centric mining models is giving way to broader resource portfolios
Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.
The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.
The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.
Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.
The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.
Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.
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