International News
Gold eases on Israel-Hamas peace plan AUGMONT BULLION REPORT
- A day after gold broke over the critical $4000 mark to reach a record high due to geopolitical and economic uncertainty and expectations of further U.S. interest rate reduction, investors booked profits, which caused gold to ease a bit.
- The first part of a peace proposal between Israel and Hamas has been agreed upon by President Donald Trump, possibly bringing an end to the two-year conflict and releasing captives. This agreement has been verified by mediator Qatar, Israeli officials, and Hamas.
- Powell is scheduled to make introductory remarks in a pre-recorded video at the Federal Reserve Board-hosted Community Bank Conference in Washington, DC, amid a data-poor US docket.
- Powell’s clues about the Fed’s interest rate strategy in the face of the impending shutdown could cause a big spike in the price of gold denominated in US dollars.
Technical Triggers
- As the bull run continues, the gold rally, which has reached $4081 (~Rs 123,450), can show more upward spikes towards $4150(~Rs 125,000), but one needs to be very cautious at this level. On the other hand, if Gold falls below $3950 (~Rs 120,000), we can say, top has been made, and a correction will follow.
Support and Resistance
| Metal | Region | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3850/oz | $4150/oz |
| Indian | ₹117,000 / 10 gm | ₹125,000 / 10 gm | |
| Silver | International | $46.50/oz | $50/oz |
| Indian | ₹142,000 / kg | ₹150,000 / kg |
International News
Candidates From India, China and The UAE Running For President Of The WFDB
The Election Reflects Power Shifts In The Trade As Well As Open Questions About The WFDB’s Character and Future.
Three candidates from India, China and the United Arab Emirates (UAE) are running for president of the World Federation of Diamond Bourses (WFDB) in an election that reveals contrasting approaches to the organization and the industry. s (WFDB) in an election that reveals contrasting approaches to the organization and the industry.
Bharat Diamond Bourse (BDB) vice president Mehul Shah, Shanghai Diamond Exchange (SDE) president Lin Qiang, and Dubai Diamond Exchange (DDE) chairman Ahmed Bin Sulayem have put their names forward ahead. Israel’s Yoram Dvash is standing down after completing the maximum two three-year terms.
The key theme is a split between preserving the federation’s traditional, experience-led model and pushing a younger, reform-minded approach.
Candidate positions
Mehul Shah is presented as the continuity candidate: he wants to strengthen the federation, add members, and restore its earlier influence, but he argues that younger leaders should first gain experience in junior roles.
Ahmed Bin Sulayem is linked with a reformist, younger-leaning camp that wants fresh leadership and modernization, with David Troostwyk and Molefi Letsiki on the same informal slate.
Lin Qiang’s role is more institutionally grounded, with recent WFDB and Shanghai ties showing China’s growing involvement in the federation’s outreach and industry strategy.
Industry context
The election is happening against broader concern about the WFDB’s relevance as lab-grown diamonds reshape the market and as influence shifts toward bodies like the World Diamond Council.
WFDB leadership tracker: track the Executive Committee, presidential election rules, and potential future candidates from India, China, and the UAE.
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