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
Dubai Records Highest-Ever Diamond Trade In 2025
Natural Diamonds Continued To Dominate The Market, Contributing US$39.9 billion, Or 96% Of Dubai’s Total Diamond Trade Value In 2025.
Dubai achieved a record performance in its diamond trade in 2025, reaching its highest-ever levels in both value and volume, according to the Dubai Multi Commodities Centre (DMCC).
The total value of diamond imports and exports increased 16% year-on-year to US$41.7 billion, up from US$35.8 billion in 2024. Trade volume also surged 43% to 359.5 million carats, marking the first time Dubai has recorded all-time highs in both value and physical volume.
DMCC CEO Ahmed Bin Sulayem said the strong performance reflects Dubai’s long-term strategy of building a transparent, connected, and efficient global hub for the diamond trade. Since 2020, diamond trade through Dubai has doubled in volume and grown nearly 140% in value.
Natural diamonds continued to dominate the market, contributing US$39.9 billion, or 96% of Dubai’s total diamond trade value in 2025.
Trade in rough diamonds reached 205.2 million carats, the second-highest volume on record and around 34% higher than in 2024. The value of natural polished diamond trade rose nearly 25% to US$18.7 billion. Since 2020, the value of natural polished diamond trade through Dubai has increased by 246%.
Over the past decade, Dubai’s overall diamond trade has grown 63% in value and 44% in volume, reinforcing its position as one of the world’s leading diamond trading centres.
The emirate also recorded strong growth in other precious stones. Coloured gemstone trade climbed 48% to a record US$1.1 billion, supported by a 69% increase in imports and a 34% rise in exports. Meanwhile, synthetic and industrial diamonds accounted for around 39% of the total diamond trade volume in 2025.
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