National News
Gold crosses $3200 milestone on deepening trade war concerns :AUGMONT BULLION REPORT
Fundamental News and Triggers
• Investors rushed to safe-haven assets, including gold, after U.S. President Donald Trump imposed higher-than-expected import tariffs, escalating the already-heated global trade war.
• Trump imposed a 10% duty on all imports to the US and increased tariffs on dozens of countries, including major trading partners, escalating the trade tensions and trade war.
• Fears of a US recession and a slowing global economy are fueling a rush for gold, which might propel the commodity even higher. Markets are now pricing in 85 to 90 basis points of cuts by the end of the year, up from 75 to 80 basis points on Wednesday.
Technical Triggers
• Until the Gold June contract sustains above $3145 (~Rs 91000), it is expected to continue its uptrend for the next psychological resistance of $3200 (~Rs 92000) and $3250(~Rs 93500).
• Silver is still trading in its range of $32 to $35. If prices sustain above $35, it can continue this uptrend, for the next target of $38 (Rs 110,000).
Gold & Silver Support and Resistance Levels
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3145/oz | $3200/oz |
| India | ₹90,400/10 gm | ₹92,000/10 gm | |
| Silver | International | $33/oz | $36/oz |
| India | ₹99,000/kg | ₹1,02,000/kg |
National News
Talla Jewellers Successfully Hosts Free Health Checkup Camp with Fortis Escorts Amritsar and Live For Others Foundation
Talla Jewellers, in collaboration with Fortis Escorts Amritsar and the Live For Others Being Helpful Foundation, successfully conducted a Free Health Checkup and Medical Consultation Camp on 1st December at its Janipur Store.
Held from 8:00 am to 12:30 pm, the initiative saw strong participation from the local community, with residents walking in for complimentary services that included complete body checkups, doctor consultations, health screenings and expert medical guidance. Participants also received their medical reports directly on WhatsApp for convenience.
The event aimed to promote early detection and encourage preventive healthcare, offering accessible medical support to individuals and families. The camp concluded with positive feedback and appreciation from attendees, reinforcing Talla Jewellers’ commitment to community well-being.
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