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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

GLIMPZ’26 Shines Bright As A Spectacular Showcase Of Emerging Jewellery Talent!

Graduating Designers Of IIGJ’s B.A. Programme Unveil Innovative Creations In The Presence Of Industry Leaders, Celebrating Creativity and Future-Ready Talent

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IIGJ successfully presented GLIMPZ’26, the annual exhibition showcasing the outstanding creations of the graduating batch of B. A in Gems & Jewellery Design (2023–26). The event witnessed an inspiring confluence of talent, innovation, and industry excellence, as young designers unveiled their creativity on a prestigious platform.

Honoured by the gracious presence of:

  • Kirit Bhansali, Chairman, GJEPC, Chief Guest
  • Shaunak Parikh, Vice Chairman, GJEPC, Guest of Honour
  • ⁠Sabyasachi Ray, Executive Director, GJEPC
  • ⁠Milan Chokshi, Chairman, IIGJ
  • Manan Mehta, Head – Client Development & Bespoke, Zoya – A TATA Product, Special Guest
  • Debasish Biswas, CEO, IIGJ

Their presence and insights added immense value, inspiring the next generation of designers to push boundaries and redefine the future of the gem & jewellery industry.

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