loader image
Connect with us

National News

Gold rockets to record high again amid tariff war and USD sinks to 35-month low: AUGMONT BULLION REPORT

Published

on

788 views

COMEX Gold’s active month contract closed 7% higher at $3254, marking the highest weekly percentage increase since March 27, 2020. Prices are up $270, or 9%, during the last four sessions, and year-to-date they are up $593, or 22.5%.

Last week, the United States substantially boosted duties on Chinese imports, adding a new 125% penalty on top of an existing 20% duty, bringing the total to 145%. This strong approach eclipsed President Donald Trump’s 90-day postponement on heavier tariffs for other countries, raising concerns about broader economic consequences.

Investors seeking safety drove up gold prices, aided by a weakening US Dollar Index, which fell below 100 for the first time in over three years. The US dollar is falling across the board as markets react to China’s new reprisal against US imports. China stated early Friday that it will levy 125% tariffs on US imports starting Saturday, up from 84% previously declared.

The dollar has declined over 7% since Trump’s inauguration and over 2% since his comprehensive trade policy was announced last week, contrary to Wall Street’s expectations. The decrease in the dollar has coincided with sell-offs in US stocks and Treasuries. This could indicate that foreign investors are responding to Trump’s protectionist plans by selling US assets, putting downward pressure on the dollar.

The rationale for increasing gold allocations is stronger than ever in this climate of rising tariff uncertainty, poorer growth, increased inflation, and persisting geopolitical dangers. The evolving global trade, economic, and geopolitical landscape strengthens gold’s position as a safer investment haven.

In this environment of rising tariff uncertainty, poorer growth, greater inflation, and persisting geopolitical threats, the case for increasing gold allocations has never been stronger. The evolving global trade, economic, and geopolitical landscape reinforces gold’s significance as a safer investment refuge.

According to the minutes from the most recent Fed meeting, policymakers are nearly unified in acknowledging the combined problem of increasing inflation and slowing GDP, warning that the Federal Reserve will confront “difficult trade-offs” in the coming months.

Market InsightPrice LevelApprox. INR Equivalent
Prices have risen significantly in a short time – caution is advised.
If price corrects below this level, profit booking may occur.$3200~Rs 93,000
Possible downside target in case of correction.$3100~Rs 90,000
Gold prices fell from record highs as trade tensions eased; US President Trump excluded smartphones and laptops from tariffs.
Ongoing trade and tariff volatility continues to create uncertainty in financial markets.
If dollar weakness continues, gold may hit new highs.$3300~Rs 95,000

Continue Reading
Advertisement
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

National News

Malabar Gold & Diamonds Announced Exclusive Akshaya Tritiya Festive Offers

Published

on

1,032 views

Malabar Gold & Diamonds, the Responsible Jeweller, proudly announces its much-awaited festive offers for Akshaya Tritiya. Continuing its tradition of bringing value, trust, and excellence to its customers, Malabar presents exclusive deals designed to make this auspicious occasion even more memorable.

As part of the Akshaya Tritiya celebrations, Malabar Gold & Diamonds is offering customers up to 25% off on the making charges of gold jewellery, a flat 25% off on the making charges of precious stones and uncut diamond jewellery, and up to 25% off on diamond value. These festive offers provide an exceptional opportunity for customers to invest in jewellery that blends craftsmanship with value.

To make the purchase experience even more rewarding, Malabar is offering a free silver coin with advance bookings. Customers can book their jewellery by paying a minimum of 10% of the total value and stay protected from gold price hikes. The final price will be either the booked rate or the prevailing market rate—whichever is lower—giving customers the best possible deal.

To mark the auspicious occasion of Akshaya Tritiya, Malabar Gold & Diamonds has unveiled a new jewellery collection under the exclusive brand ‘Divine’, named ‘Tanvika’—featuring designs that celebrates the spirit of devotion. Inspired by divinity and brought to life through impeccable craftsmanship, the collection presents stunning new designs, each reflecting timeless traditions and abundance of the season.

Speaking about the festive offers, M.P. Ahammed, Chairman, Malabar Group, said, “Akshaya Tritiya holds immense cultural significance as a day of prosperity and new beginnings. At Malabar Gold & Diamonds, we aim to make this occasion even more special for our customers by offering unmatched value and timeless designs. Our exclusive offers are a way to express our gratitude and continue building lasting relationships with our valued patrons.”

Akshaya Tritiya is widely regarded as a time to welcome prosperity and mark new beginnings. With thoughtfully curated offers and flexible booking options, Malabar Gold & Diamonds aims to align with the significance of the occasion, allowing customers to make considered and meaningful purchases during this festive period.

Continue Reading

National News

Senco Gold & Diamonds Pays Tribute to Artisans with #AapkaShukriya Campaign Film

Khushiyon Ki Reet’ series, the new film honors the craftsmanship and legacy of kaarigars who are the heart of every Senco creation.

Published

on

1,018 views

Senco Gold & Diamonds has released a moving new campaign film titled #AapkaShukriya, the latest installment in its ‘Khushiyon Ki Reet’ series. This emotionally resonant ad pays tribute to the kaarigars—the skilled artisans whose craftsmanship breathes life into every piece of Senco jewellery.

Shining a light on the often-overlooked stories of these master craftsmen, the film acknowledges their deep role in not just creating beautiful jewellery, but in shaping Senco’s 85-year legacy of artistry, tradition, and emotional connection.

“Our ‘Aapka Shukriya’ film is an ode to our kaarigars and the exquisite craftsmanship that Senco’s legacy is built on,” said Joita Sen, Director and Head of Marketing & Design at Senco Gold & Diamonds.

“We thank our kaarigars for their dedication, skill, and loyalty over the decades and generations. They are the true artists behind every Senco masterpiece.”

The campaign builds on the previous film in the series, which introduced the Vivaah Collection—a bridal range that blends traditional charm with modern elegance. Featuring intricate designs in gold, diamond, polki, and antique styles, the collection includes standout pieces like gold pola chokers, chur bangles, and gold-pearl necklaces.

With #AapkaShukriya, Senco once again turns the spotlight onto the hands behind the heritage—the kaarigars who carve every curve and set every stone, transforming raw gold into symbols of joy and legacy.

Continue Reading

GlamBuzz

Bhima Jewels Launches ‘Bangaram Ante Bhima’ Campaign Starring Ram Charan to Celebrate Telugu Culture

The campaign honors the deep bond between gold and tradition in Andhra Pradesh and Telangana, while celebrating the women who are the true ‘Bangaram’ of every home.

Published

on

1,007 views

Bhima Jewels has unveiled its latest brand campaign, ‘Bangaram Ante Bhima’—a heartfelt tribute to the cultural heritage of Andhra Pradesh and Telangana and the timeless emotional connection these regions share with gold.

The campaign, which translates to “If it’s gold, it’s Bhima,” draws inspiration from the Telugu word ‘Bangaram’, which not only means gold, but is also used as an affectionate term for someone deeply cherished. Through this poetic duality, Bhima Jewels celebrates both the precious metal and the women who light up homes with their presence and love.

Fronted by Tollywood superstar Ram Charan, the campaign positions Bhima as the gold brand that truly understands the heart of Telugu culture.

Abhishek Bindumadhav, Managing Director of Bhima Jewels, shared his vision behind the campaign: “Bangaram Ante Bhima is more than just a campaign—it’s a grand celebration of Andhra Pradesh and Telangana’s enduring love for gold. And at the center of it all is our brand ambassador, Ram Charan. From the breathtaking jewellery to the vibrant visuals, everything captures the soul of the region.

Conceptualized by FCB Ulka, the campaign is steeped in cultural insight and crafted to emotionally connect with audiences across the Telugu-speaking states. It brings together stunning visuals, festive imagery, and traditional motifs that reflect the grandeur and warmth of local celebrations.

The campaign is now live across television, digital, and social media platforms, aiming to deepen Bhima’s resonance with families throughout Andhra Pradesh and Telangana—where gold is not just a symbol of wealth, but a part of life’s most cherished moments.

Continue Reading
Advertisement

Trending

CONTACT US

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

error:
0
Would love your thoughts, please comment.x
()
x