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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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National News

Birdhichand Ghanshyamdas Celebrates Its First Anniversary In Mumbai

Central To The Anniversary Event Was An Art-Gallery-Style Exhibition Showcasing Nine Collectible Archival Jewels

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Jio World Plaza’s luxury precinct turned into an immersive gallery of royal heritage as landmark Jaipur jewel house Birdhichand Ghanshyamdas celebrated its first anniversary in the city.

The gathering brought together Mumbai’s fashion leaders, art collectors, and luxury figures for an evening honoring historic Indian craft and centuries-old metalwork techniques.

The evening kicked off with a live conversation between film producer Rhea Kapoor and Yash Agarwal, Creative Director of Birdhichand Ghanshyamdas. The pair discussed how traditional Rajasthani jewelry techniques are being reinterpreted for contemporary global audiences.

Central to the anniversary event was an art-gallery-style exhibition showcasing nine collectible archival jewels:

Ember in Sand & Jaipur Pink: Masterpieces showcasing signature gemstone carving and classic regional hues.

The Shree Veni & Shahi Kantha: Statement heritage pieces reimagining royal neckwear and ceremonial grandeur.

The Golden Blush & Scent of the Sea: Intricate compositions fusing nature-inspired motifs with precious metals.

Pannika, The Legacy of Art, & The Queen of Ni: Rare collectible creations spotlighting the atelier’s historic goldwork techniques.

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