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
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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