Gold rebounds on reviving trade tensions: AUGMONT BULLION REPORT

Published

1 year ago

May 6, 2025

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President Donald Trump’s new tariff threat fueled demand for safe-haven assets, helping gold rise more than 1% to above $3370 (~Rs 96000), its highest level in almost a week.
Concerns about a possible escalation of the global trade war have increased after President Trump announced his proposal to impose 100% tariffs on foreign-produced films, which has caused investors to turn to gold and other traditional safe-haven assets.
Investors are currently anticipating the Federal Reserve’s policy decision and the speeches that several Fed officials are scheduled to give this week. Despite tensions over global trade, the strong non-farm payroll data released last Friday showed that U.S. hiring was still strong, indicating that the economy is resilient. Interest Rates are expected not to change at this meeting.
President Trump is putting increasing pressure on the Federal Reserve to cut interest rates, but his tariff policies run the risk of making inflationary pressures worse, which makes policymaking more difficult.

Technical Triggers

Gold prices retraced to the $3210 level last week, a 50% Fibonacci retracement of its rally from $2970 (~Rs 86650) to $3510(~Rs 99350). Now prices are expected to consolidate between $3210(~Rs 92000) to $3380(~Rs 96000), either side breakout or breakdown will set a new direction for the prices for the coming days. Silver prices are expected to consolidate between $32 (~Rs 93500) and $34(~Rs 98500).

Support and Resistance

Metal	Market	Support Level	Resistance Level
Gold	International	$3200/oz	$3380/oz
	Indian	₹92,000/10 gm	₹96,000/10 gm
Silver	International	$32/oz	$34/oz
	Indian	₹93,500/kg	₹98,500/kg

Related Topics:2025 Augmont Bullion Report internationalnews

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GJEPC Steps Up UK Outreach Ahead Of IIJS Bharat Premiere 2026

GJEPC Visited Major Jewellery Trading Hubs, Meeting 20+ Jewellery Retailers and Wholesalers Through In-Person Interactions

Published

1 day ago

July 22, 2026

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GJEPC intensified its promotional efforts in the United Kingdom ahead of IIJS Bharat Premiere 2026 through a week-long outreach programme in London that combined direct retailer engagement with the 2nd India-UK Jewellery Buyer-Seller Meet (BSM). The initiative was held from 6 to 10 July 2026 and aimed to attract more UK buyers while strengthening trade ties following the India-UK Free Trade Agreement.

As part of the campaign, Gaurang Vora, Manager, GJEPC, visited major jewellery trading hubs including Green Street, Southall and Wembley, meeting 20+ jewellery retailers and wholesalers through in-person interactions. He promoted IIJS Bharat Premiere 2026, distributed event information and registration details, and gathered market feedback on sourcing requirements and buying trends.

Based on feedback from UK buyers, the 2nd India-UK Jewellery Buyer-Seller Meet generated strong demand for 22-karat gold jewellery, diamond jewellery, lightweight designs, lab-grown diamond jewellery and silver jewellery. Buyers also expressed interest in sourcing from reliable, export-oriented Indian manufacturers and suggested that suppliers offer smaller minimum order quantities to better meet the needs of independent retailers.

The campaign generated new buyer enquiries, strengthened relationships with existing trade partners and provided GJEPC with market intelligence on consumer preferences and sourcing trends. The Council plans to continue engaging with buyers, assist with IIJS Bharat Premiere registrations and facilitate introductions between overseas buyers and Indian manufacturers.