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Gold rebounds after headlines of global trade war: Augmont Bullion Report

Investors are looking forward to Friday’s U.S. personal consumption expenditures data

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  • Gold prices rebound due to rising global trade concerns caused by US auto tariffs. US President Donald Trump announced a 25% tariff on imported vehicles and light trucks beginning next week, escalating the global trade war. The deadline for retaliatory duties from the world’s largest economy is April 2.
  • Investors are looking forward to Friday’s U.S. personal consumption expenditures data, which may provide insight into the country’s interest rate path.
  • According to World Gold Council data, global gold ETFs saw $3 billion in net inflows last week alone, or around 31 tons of gold. That was the seventh straight week of inflows, with North America accounting for the majority of the purchases. Year-to-date, global net inflows have exceeded $19 billion (207 tons), putting 2025 on track for the strongest Q1 since 2022.

Technical Analysis & Trading Strategy

MetalSupport LevelResistance LevelTrading Strategy
Gold$3,010 (~₹87,200)$3,080 (~₹90,000)Below $3,010: Potential retracement to $2,985 (~₹86,500). Above $3,040 (~₹88,200): Prices may head higher.
Silver$33 (~₹97,000)$35 (~₹1,02,000)Trading in range. Strategy: Buy on dips, sell on rallies.

Support and Resistance

CategorySupport LevelResistance Level
International Gold$2,985/oz$3,080/oz
Indian Gold₹86,500/10 gm₹90,000/10 gm
International Silver$33/oz$35/oz
Indian Silver₹97,000/kg₹1,02,000/kg
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National News

GJC Addresses HUID Data Exposure Issue With BIS, Corrective Measures Are Currently Being Initiated

BIS Care App That  Exposed The Name and Addresses Of Jewellers While Verifying HUID Details .

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The All India Gem and Jewellery Domestic Council (GJC) has successfully intervened following a technical anomaly on the BIS Care App that  exposed the name and addresses of jewellers while verifying HUID details .

Over the past few days, the BIS Care App was found to be displaying the names and addresses of individual jewellers during routine Hallmark Unique Identification (HUID) verifications. Recognizing the privacy implications for its members, GJC immediately escalated the matter to the highest appropriate levels within the Bureau of Indian Standards (BIS).

Upon receiving GJC’s representations, BIS officials acknowledged the discrepancy. The Bureau clarified that such operational details are strictly intended to be visible only for corporate jewellers who have voluntarily opted into the ‘Transfer HUID’ module under the current BIS framework. The data exposure was not intended for general registered jewellers.

GJC has been assured that BIS has escalated the issue internally. Corrective measures are currently being initiated on a priority basis, and the technical glitch is expected to be fully resolved at the earliest.

GJC remains fiercely committed to safeguarding the interests of the domestic jewellery trade the Council stated, reaffirming its dedication to ensuring that members’ operational concerns are promptly and effectively represented before regulatory authorities.

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