International News
Gold goes parabolic eyeing $4400 AUGMONT BULLION REPORT
- Gold is on track for its greatest week in almost 17 years, with prices touching $4392 and aiming for $4400 today. Investors were drawn to the safe-haven gold by hints of weakness in U.S. regional banks, global trade tensions, and additional rate-cut anticipation.
- Due to central bank purchases, ETF inflows, and high demand for safe assets, gold has now increased by more than 60% this year.
- China has expressed a willingness to engage in trade talks while accusing the US of causing “panic” over its rare earth mineral controls.
- She claims that the bloated valuation and unsustainable U.S. fiscal outlook continue to be obstacles for the dollar. The dollar’s popularity has waned as investors doubt American exceptionalism and policymaking.
Technical Triggers
- For gold $4500 could arrive as a sooner-than-expected target, but much may depend upon how long concerns about U.S.-China trade and the government shutdown linger over the market for.
- Silver has cleared the strong resistance at $53.50 (¬Rs 165,000), next resistance is $55 (¬Rs 170,000). While downside support is $50.50 (¬Rs 155,000), if prices sustain below that level, profit-booking can follow.
Support and Resistance
| Metal | Region | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4,090/oz | $4,500/oz |
| Gold | India | ₹1,25,000/10 gm | ₹1,35,000/10 gm |
| Silver | International | $50.50/oz | $55/oz |
| Silver | India | ₹1,55,000/kg | ₹1,70,000/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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