National News
Gold consolidates in the $50 range before a decisive move: Augmont Bullion Report
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).
National News
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
The Gujarat Gaurav Sarovar in Amreli, Gujarat, constructed by the Hari Krishna Group and the Dholakia Foundation, was inaugurated by Hon’ble Union Home Minister and Minister of Cooperation Shri Amit Shah on 27 August 2026. Shri Harsh Sanghavi, Deputy Chief Minister of Gujarat, was among the dignitaries present at the inauguration of the 21-acre water conservation project, which has a capacity of 400 million litres and is intended to support water availability for agriculture and drinking, as well as groundwater conservation. Savji Dholakia and Ghanshyam Dholakia represented the Hari Krishna Group.
Addressing the gathering, Shri Amit Shah highlighted the importance of conserving rainwater and replenishing groundwater, noting that the new sarovar will support water availability for agriculture and drinking, while contributing to groundwater conservation.Shri Amit Shah also acknowledged the water conservation initiatives led by Savji Dholakia, Founder of the Hari Krishna Group. He noted that Savji Dholakia has built 208 lakes for water conservation and highlighted his contribution while speaking about the Padma Shri honour conferred on him.
The Hon’ble Home Minister also highlighted the expansion of lakes and check dams, river rejuvenation and other water conservation initiatives across Gujarat. He cited the SAUNI Yojana, which channels surplus Narmada water into reservoirs and rivers in Saurashtra, and said Narmada water is being stored in approximately 10,000 ponds across North and Central Gujarat.
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