International News
Gold continues to get strength on the Middle East conflict
Safe-haven surge lifts bullion to multi-decade highs as Strait of Hormuz crisis fuels oil spike, dollar strength caps gains, and markets eye fresh breakouts toward $5,500 gold and $100 silver.
Safe Heaven hedge – Gold has extended its longest winning streak since 1973, underscoring its role as a core safe-haven asset during periods of systemic stress. With a key global trade chokepoint effectively locked and geopolitical instability intensifying, investors have decisively rotated away from risk assets toward bullion.Â
Geopolitical Tensions – US President Donald Trump signaled that military operations against Iran could persist for a month or longer, heightening fears of a prolonged conflict. In response, Iran declared the Strait of Humroz closed and warned it would target vessels attempting transit. Given that nearly 20% of global oil supply moves through this corridor, crude prices have surged, amplifying inflationary and growth concerns worldwide.
Dollar Strength – Despite strong safe-haven demand, gold and silver witnessed intermittent profit-booking as the US dollar strengthened to five-week high. The greenback gained support from safe-haven inflows and expectations that rising energy prices could stoke inflation, potentially delaying Federal Reserve rate cuts and supporting US yields in the near term. Pressure also intensified as the ISM Manufacturing Prices Index leaped to 70.5, a 11.5 point jump that signaled reignited inflation.
Gold – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $5150/oz | $5500/oz |
| Domestic | Rs 158,000/10 gm | Rs 172,000/10 gm |
   Silver – Support & Resistance Levels
| Market Type | Support Level | Resistance Level |
|---|---|---|
| International | $85/oz | $100/oz |
| Domestic | Rs 255,000/kg | Rs 300,000/kg |
Technical Triggers
- After achieving the target of $5400 (~ Rs. 1,67,000), Gold prices are consolidating and building a base for the new bullish momentum towards $5500 (~ Rs. 1,72,000) and $5600 (~ Rs. 1,76,000).
- After achieving the target of $93 (~ Rs. 2,85,000), Silver prices are expected to consolidate and build a base around $85 and $95 before resuming for the new bullish momentum towards the next resistance level of $100 (~ Rs. 300,000).
International News
Precious Metals Find Support On Ceasefire Optimism AUGMONT BULLION REPORT
Gold Is Trading At Y Oversold Levels Near The Critical Support Zone Of $4,300, Silver Testing Key Support In The $66–$67 Range
- Price Movement – Gold and silver are consolidating near key support levels as markets digest a fragile Israel-Iran ceasefire alongside mounting concerns over inflation and the prospect of further interest rate hikes.
- Geopolitical Developments – President Trump confirmed that both parties are pursuing an immediate ceasefire, with final negotiations advancing. Israel and Iran announced a mutual halt to hostilities following a direct appeal from Washington. However, Tehran cautioned that it reserves the right to resume strikes if Israeli operations against Hezbollah in Lebanon continue.
- Macro-economic Signals – CME FedWatch data shows markets now pricing a greater than 70% probability of a Fed rate hike by December. Investors are closely watching May’s U.S. CPI and PPI releases, due Wednesday, for clearer signals on the Fed’s policy trajectory. The European Central Bank is also widely expected to deliver a rate increase this week.
Technical Triggers
- Gold is currently trading at deeply oversold levels near the critical support zone of $4,300 (approximately Rs. 1,54,000). A technical rebound of 3–4% is anticipated from current levels, driven by bottom-fishing activity. However, a sustained break below this support would shift the near-term bias decisively lower, exposing the $4,000–$4,100 range (approximately Rs. 1,50,000–Rs. 1,51,500) as the next downside target.
- Silver is similarly oversold, testing key support in the $66–$67 range (approximately Rs. 2,40,000–Rs. 2,42,000). As with gold, a 3–4% technical recovery is the base case on dip-buying, but a confirmed sustainability below this support would accelerate selling pressure toward $60 (approximately Rs. 2,20,000) in the short term.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4300/oz : $4500/oz : Rs 154,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level  Domestic Silver Support Level Domestic Silver Resistance Level | : $66/oz : $75/oz  : Rs 240,000/kg : Rs 260,000/kg |
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