International News
Gold clinches $4000 finally AUGMONT BULLION REPORT
- Gold active futures reached a new high, hitting $4000 (~ Rs 120,900), as financial markets became increasingly unsettled due to the US government shutdown and a French political crisis. The political upheavals in Japan and France are escalating fiscal worries and fueling the gold rally.
- After unsuccessful attempts to come to an agreement with political parties about budget spending, which prevented efforts to control the biggest fiscal deficit in the euro area, Sebastien Lecornu resigned as the prime minister of France. The financial markets have also been shaken by Sanae Takaichi’s almost certain promotion to the position of prime minister of Japan.
- This week, the US government shutdown continued, and the White House threatened to lay off a large number of federal employees. Additionally, this has prevented investors from accessing crucial information required to evaluate the state of the US economy, which further muddies the Fed’s decision-making process. The Fed’s latest interest rate cut and the expectation of more have helped, and central banks and gold-backed exchange-traded funds have been eager buyers.
Technical Triggers
- Gold has achieved the target of $4000 (~Rs 120,900) today. This rally can show more upward spikes, but one needs to be very cautious at this level. We can also see sharp sell-offs, as the psychological target is achieved. If Gold falls below $3850 (~Rs 117,000), we can say, top has been made, and a correction will follow.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3850/oz | $4000/oz |
| Indian | ₹117,000 / 10 gm | ₹121,000 / 10 gm | |
| Silver | International | $46.50/oz | $50/oz |
| Indian | ₹142,000 / kg | ₹150,000 / kg |
International News
Kering Invests in China’s Gold Jewelry Surge as Laopu’s Explosive Growth Reshapes Market
Heritage-gold brands Borland and Lamchiu secure major funding amid soaring demand, fueled by Laopu’s meteoric rise and China’s booming 24-karat segment.
A wave of investor interest is sweeping through China’s gold jewelry sector as the rapid rise of Laopu Gold Co. galvanizes confidence in the country’s high-end heritage gold market. The latest beneficiary is Borland, a Hangzhou-based jeweler known for its traditional filigree craftsmanship, which this week announced more than 100 million yuan ($14 million) in new funding.
The investment round includes contributions from Kering Ventures, the startup arm of luxury group Kering SA, and Shunwei Capital, co-founded by Xiaomi chairman Lei Jun. Kering noted that its minority stake enables participation in the “rapid development of a particularly buoyant 24-karat gold jewelry segment,” reflecting growing appetite for culturally rooted premium gold pieces.
Meanwhile, Dayone Capital has made a separate investment exceeding 100 million yuan in Lamchiu, a Lanzhou-based maker of handcrafted bespoke gold jewelry. The firm will support Lamchiu in expanding distribution and reinforcing the brand’s supply-chain capabilities.
The surge of capital follows the remarkable ascent of Laopu, which has become one of China’s breakout jewelry success stories. The company reported 12.4 billion yuan in revenue in the first half of 2025 — a year-on-year increase of over 250%, building on 168% growth from the previous year. Laopu’s momentum has outpaced Western luxury houses struggling with softer China demand.
Heritage gold jewelry — deeply rooted in Chinese aesthetics and traditional techniques like filigree — is attracting a new generation of luxury consumers. Brands like Laopu, which operate in top-tier malls, increasingly compete with global maisons such as Hermès and Cartier for clientele.
Despite strong digital followings, newer brands still face distribution gaps. Borland operates only three mall stores, while Lamchiu, despite amassing more than 1 million followers on Douyin, runs just one physical outlet in Lanzhou. Both companies plan to use their fresh funding to accelerate expansion and strengthen operational infrastructure.
The latest investments signal rising confidence that China’s heritage-gold renaissance is evolving from a trend into a long-term luxury category shaping the future of the jewellery market.
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