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Gold continues its winning streak : Augmont Bullion report

Gold continues its winning streak

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Gold maintains its winning streak above $3025 (~Rs 88500) as Trump’s tariffs are projected to exacerbate inflation and economic turmoil. Trump said he would hold Iran accountable for any strikes carried out by the Houthi group it supports in Yemen, as his administration escalated the largest US military operation in the Middle East since Trump came to the White House.

Central banks’ accumulation of gold reserves, inflation concerns, and rising demand after the pandemic have contributed to the surge in gold prices.

The Fed is expected to maintain its benchmark interest rate in the 4.25%-4.50% range after its two-day policy meeting on Wednesday.

Technical Triggers      

Gold Apr Futures after achieving the $3000 (~Rs 88000) milestone, now is expected to extend this run up towards $3035 (~Rs 88800) and $3080 (~Rs 90000) in the coming weeks. After that, we can see some retracement and profit-booking, which can extend down to $2800 and $2700 maximum.While Silver May Futures has also climbed above $34(~Rs 100,000) on strong demand, the next resistance for the prices is $35(~Rs 103,000).

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Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection

Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection

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This Karwa Chauth, Palmonas presents its 9KT Gold Lab-Grown Diamond Collection, offering thoughtful gifting options for a celebration rooted in love and togetherness. Featuring mangalsutras and a mangalsutra bracelet, the collection brings together 9KT gold, lab-grown diamonds, and contemporary designs, making it a meaningful choice for those looking to mark the occasion with a piece of jewellery that carries personal significance.

The Endless Love Infinity 9KT Gold Lab-Grown Diamond Mangalsutra features an infinity-inspired pendant, symbolising an enduring bond and everlasting love. Set with sparkling lab-grown diamonds, its fluid silhouette brings a contemporary finish to a design rooted in the idea of continuity and commitment.

The Petalburst Glow 9KT Gold Lab-Grown Diamond Mangalsutra draws inspiration from the beauty of blooming flowers. Its floral pendant, detailed with radiant lab-grown diamonds arranged in a petal-like pattern, represents growth, new beginnings and blossoming love. The design balances delicate detailing with a refined, modern aesthetic.

Completing the collection, the Royal Circle 9KT Gold Lab-Grown Diamond Mangalsutra features a circular pendant defined by symmetry and intricate detailing. The balanced arrangement lends the design a sense of completeness, while its considered craftsmanship adds a touch of understated elegance.

Extending the collection beyond traditional necklace designs, the Sacred Heart 9KT Gold Lab-Grown Diamond Mangalsutra Bracelet offers a contemporary take on mangalsutra-inspired jewellery. Its delicate heart motif, paired with an infinity-inspired design, reflects the enduring nature of love. Subtle stone detailing adds a hint of sparkle, making it a minimal design suited to everyday styling.

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