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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 Completes 9th Export Training Programme In Delhi

The Three-Day Programme Equipped Aspiring Exporters With Practical Knowledge On Export Procedures, Compliance, Government Schemes and Global Market Opportunities, While Highlighting GJEPC’s Export Promotion Initiatives.

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Programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals.

GJEPC has concluded the ninth batch of its three-day training programme, How to Begin Gem & Jewellery Exports, aimed at equipping aspiring exporters with the knowledge and practical skills needed to enter international markets.

Organised by the GJEPC Regional Office, Delhi, the programme brought together 12 participants, including entrepreneurs, aspiring exporters and industry professionals. The training covered key aspects of the export business, including export procedures, documentation, the Foreign Trade Policy, export compliance, government schemes, market development and opportunities in overseas markets. Participants also gained practical insights into navigating international trade and expanding their global reach.

The sessions were led by Ranjan Upreti, Foreign Trade Consultant, alongside Council Secretariat officials Mithlesh Pandey, Ashish Sakhardande, Ashutosh Srivastava and Sanjay Madaan, who shared their expertise on various aspects of the export ecosystem.

Participants were also introduced to GJEPC’s export promotion initiatives and support services, including market facilitation, capacity-building programmes, trade promotion activities and international networking opportunities designed to help businesses expand overseas.

The programme concluded with a valedictory session, where Antarpal Singh Sawhney, Regional Chairman – North, GJEPC, presented certificates to the participants. Addressing the attendees, he stressed the importance of compliance, due diligence, ethical business practices and effective risk management in building sustainable export businesses.

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