International News
Gold crosses $3300 on rising geopolitical tensions AUGMONT BULLION REPORT
Gold reached almost $3300, close to a two-week high and continuing its more than 2% advance, helped by escalating geopolitical threats and the US dollar’s ongoing weakening.
Last Friday, Moody’s reduced the US credit rating from AAA to AA1, which lowered risk perception and increased demand for gold.
According to reports, Israel is preparing to attack Iranian nuclear sites, which might lead to retaliation from Iran and deepen the Middle East crisis.
Geopolitical fears were heightened when President Trump announced that Russia and Ukraine would start peace negotiations right away, but he seemed to be hinting that he would withdraw from mediating the three-year conflict.
Gold Market
| Price Level (USD) | Approx. INR Equivalent | Market Outlook | Technical Indicator |
|---|---|---|---|
| $3265 | ₹94,000 | Current resistance level | Resistance |
| $3200 | ₹92,000 | Key support (neckline of Double Top); if broken, bearish signal | Neckline Support (Double Top) |
| $3000 | ₹86,000 | Target if $3200 is broken and held below | Downside Target |
Silver prices are expected to continue trading in the range of $32(~Rs 94000) and $34(~Rs 98000) as there is no trigger for silver markets.
International News
The British Royal Mint Sells Record Amounts Of Silver and Platinum
Silver: Sales Grew By 295% Compared To The Same Period In 2025. Platinum: Revenue Grew By 118%.
The British Royal Mint sold record amounts of silver and platinum during the first nine months of 2026. Silver coin sales jumped by over 300%.
Royal Mint Sales Breakdown (First 9 Months of 2026)
Silver: Sales grew by 295% compared to the same period in 2025.
Platinum: Revenue grew by 118%.
Gold: Sales rose by 10% compared to 2025, boosted by a strong third quarter.
Gold Demand Is Bouncing Back: Even though high prices and high interest rates made gold less attractive earlier in the year, gold sales rebounded between July and September, rising 21% over the previous quarter.
New Investors Joining: Almost 30% of buyers this quarter were first-time customers buying precious metals from the Royal Mint.
US Demand Remains Weak: In contrast to the UK, the US Mint is on track for its worst gold coin sales since the year 2000, as high US bond yields and interest rates encourage American investors to put their money elsewhere.
Earlier in 2026, high inflation and rising bond yields made holding gold and silver less popular. However, ongoing global instability and market uncertainties—such as upcoming government budget decisions and high interest rates—are leading many investors back to physical metals as a safe place to store value.
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