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Gold consolidates in the $50 range before a decisive move: Augmont Bullion Report

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Gold prices are consolidating in a range between $2885 and $2935, spurred by a weaker US dollar and safe-haven flows as fears about the US economy grow amid growing trade tensions.

Concerns over a probable economic slowdown were heightened after President Donald Trump stated that the US economy was in a moment of transition while refusing to rule out the chance that his policies would create a recession.

This comes after the United States delayed imposing 25% tariffs on several Canadian and Mexican imports for a month, while Canada maintained its first retaliatory measures. China also levied further duties on some American agriculture products in reaction to Trump’s latest tariff increases on Chinese imports. Meanwhile, Fed Chair Jerome Powell acknowledged increased economic uncertainties but expressed no need to decrease interest rates.

Investors are now looking forward to US inflation statistics later this week, which may impact the Fed’s monetary policy position.

Technical Triggers      

Gold prices are consolidating in a range between $2885(~Rs 85400) and $2935(~Rs 86200), prices need to break this range for decisive move towards upside momentum of $2975 (~Rs 87000). 

Silver May Futures is gaining strength and if sustains above $330(~Rs 96700), the next target is $340(~Rs 100,000), and once it sustains above that, it can head higher towards $350(~Rs 103,000).

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GJEPC Conducts Retailers’ Connect and Export Awareness Seminar In Ahilyanagar

The Programme Aimed To Strengthen The Region’s Participation In International Trade Under The Districts As Export Hubs (DEH) Initiative.

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GJEPC, in association with the Ahilyanagar Gold Jewellers Council and Gold Cluster, organised an IIJS Retailers’ Connect and Export Awareness Seminar in Ahilyanagar, Maharashtra, on 29 September 2026.

The programme aimed to strengthen the region’s participation in international trade under the Districts as Export Hubs (DEH) initiative. Ahilyanagar has a long-standing base of skilled karigars and traditional jewellery manufacturing and was among the early regions in Maharashtra to be formally developed as an MSME Gold Jewellery Cluster under the DEH and Micro & Small Enterprises – Cluster Development Programme (MSE-CDP).

During the IIJS Retailers’ Connect session, Naheed Sunke, Assistant Director, GJEPC, introduced IIJS Signature 2027 as a major B2B sourcing platform for jewellery designs, technology and business networking. She encouraged jewellers from Ahilyanagar to participate through an official delegation.

The export awareness session was led by Mithilesh Pandey, Senior Director, GJEPC, who outlined export opportunities available to local manufacturers and retailers, along with government schemes and policy mechanisms that can support their entry into international markets.

The session covered export benefits available under the DEH initiative and preferential trade opportunities through India’s free trade agreements, including the UAE CEPA, India-Australia ECTA and India-EFTA TEPA. Participants were also briefed on simplified procedures for courier-based e-commerce exports, collateral-free loans under PM Vishwakarma, and grants available for Common Facility Centres (CFCs).

GJEPC also highlighted its support ecosystem for businesses seeking to expand internationally. This included the benefits of Registration-Cum-Membership Certificate (RCMC), exporter mentorship programmes such as Niryat Disha and Niryat Protsahan, international showcasing opportunities through IJEX Dubai, access to the India Jewellery Park Mumbai (IJPM) ecosystem, and Parichay Cards for artisans.

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