National News
Gold continues its winning streak : Augmont Bullion report
Gold continues its winning streak
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).
National News
Wear The Joy Of Rain With Daily-Delight Jewellery Inspired By Monsoon From Kama Jewelry
‘With the arrival of the monsoon season, Kama Jewelry brings in jewellery pieces that capture the beauty and elegance of the rainy season. Lightweight and easy to wear, the pieces in this collection capture sophistication from the rain through sleek diamond jewellery and modern design. The jewellery is created from 9k to 18k gold and includes pendants, rings, and necklaces.
Known for their expertise in both craftsmanship and innovation, Kama Jewelry has been designing and creating jewellery for more than 30 years that seamlessly crosses generations, seasons, and styles.’
Simran Shah, Vice President – Sales, Kama jewelry, said:
“Based on 9 to 18k gold, these daily delight jewellery pieces can be paired with casual ethnic outfits, the standard workwear, or a weekend outfit that offers a little sparkle without sacrificing aesthetics. The elegant pendants, delicate ring, and necklaces add a subtle glitter to the overall charm of this season.”
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