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Gold continues its winning streak : Augmont Bullion report

Gold continues its winning streak

Published

2 years ago

March 19, 2025

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).

Related Topics:#Gold Markets 2025 CentralBankGold Technical Triggers

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National News

Kalyan Jewellers Reports Strong Performance For Q2 FY2027

Consolidated Revenue Growth In Excess Of 26% Compared To The Same Period.Revenue For India Operations Grew By Approximately 27% Year-Over-Year In Q2 FY2027. This Was Driven By Robust Ground Momentum and A Same-Store-Sales-Growth (SSSG) Of Approximately 20%,

Published

1 hour ago

October 8, 2026

JewelBuzz Spread The Buzz

Kalyan Jewellers reported a strong performance for Q2 FY2027, recording consolidated revenue growth in excess of 26% compared to the same period in the previous financial year.

India Operations & Brand Expansion

Revenue & Sales Growth: Revenue for India operations grew by approximately 27% year-over-year in Q2 FY2027. This was driven by robust ground momentum and a same-store-sales-growth (SSSG) of approximately 20%, despite a high base from the previous year when all nine days of Navratri fell within Q2.
Regional Launch: In August, the company launched its first regional brand, Akshaya Thanga Maligai (ATM), in Chennai. Following strong initial reception and revenue traction in its first 40+ days, plans are set to launch four additional franchised showrooms under this brand during FY2027—two in Q3 and two in Q4.
Showroom Expansion: During the quarter, the company opened 12 Kalyan showrooms in India (net addition of 11), 9 Candere showrooms in India, and 1 Kalyan showroom in the UK.

International Performance & Lifestyle Segment

International Operations: Recorded an 18% revenue growth compared to Q2 FY2026, with the Middle East delivering approximately 12% revenue growth driven entirely by SSSG. International markets accounted for roughly 11% of consolidated revenue during the quarter.
Candere: The lifestyle jewellery brand posted strong revenue growth of approximately 64% year-over-year.

Asset Divestment & Debt Reduction

The company completed the sale of one non-core real estate asset for approximately INR 86 crore, with the sale of a second parcel (valued at ~INR 16 crore) expected to close in the ongoing quarter.
Non-GML debt was brought down to zero during the quarter.

Network Presence & Outlook

As of September 30, 2026, the company’s global showroom network expanded to 546 locations, comprising 365 Kalyan India, 38 Kalyan Middle East, 2 Kalyan USA, 2 Kalyan UK, and 138 Candere stores.
Management expressed optimism for the upcoming festive and wedding season, supported by new collections, marketing campaigns, and planned showroom rollouts.