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Gold slips on easing trade tensions : AUGMONT BULLION REPORT

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• Gold prices have slipped by the easing of tariffs and the willingness of both the United States and China to listen and back off. The United States has reached out to China for talks regarding President Donald Trump’s 145% tariffs, and Beijing is amenable to them.

• Meanwhile, U.S. manufacturing shrank for a second consecutive month in April as supply chains were constrained by tariffs on imported goods, which kept prices high at the factory gate and prompted some companies to fire employees.

• The US NFP data which is expected to be announced today is expected to show a 130,000 job gain in April, down from a stellar 228,000 job creations reported in March. A reading below 100,000 could raise concerns about the impact of tariffs on the US labor market and bring a rebound in gold price.

Technical Triggers      

• Gold prices have retraced 50% of their rally from $2970 (~Rs 86650) to $3509 (~Rs 99350). Now we can expect some consolidation to bearishness towards $3200(~Rs 92000) and $3170(~Rs 91500).

•Silver prices are expected to consolidate between $32 (~Rs 93500) and $34(~Rs 98500).

Support and Resistance

MetalMarketSupport LevelResistance Level
GoldInternational$3200/oz$3300/oz
Indian₹92,000/10 gm₹94,500/10 gm
SilverInternational$32/oz$34/oz
Indian₹94,000/kg₹98,500/kg
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BrandBuzz

Mavitrra Launches “The Amara Collection” – A Timeless Celebration of Bridal Grandeur and Festive Luxury

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Mavitrra, the elegant and stylistically unique and masterfully crafted bespoke diamond jewellery brand, has just come up with its latest creation this Diwali season. The Amara Collection, an alluring and timeless luxury bridal and festive jewellery collection that stays radiant and adds value to your wardrobe for the coming years.

“The Amara Collection” defines the beauty and sophistication of a lifetime, with pieces that are impeccably designed using natural diamonds and hallmark white and yellow gold. Each piece honours the glory of Indian celebrations and the opulence of bridal extravagance, combining ageless charm with modern artistry.

The idea of “Shining Beyond Time” has been the core of designing the collection, representing the concept in all the jewellery pieces.  This is a collection of timeless masterpieces ranging from elegant diamond bangles and statement bridal rings to delicate yet grandeur evoking Lotus Earrings, all crafted in exquisite yellow and white gold. The essence of Mavitrra’s concept of artwear serving as a medium of expressing one’s unique personality and feelings is there in every intricate ornament.

“The beautiful, Amara collection is a nod to the spirit of the contemporary Indian woman, the bright, the strong and the timeless one,” states Bindu Sharma, the Founder and Creative Director of Mavitrra. She adds, “Every piece epitomises elegance, history, going far beyond ongoing fashion.”

Mavitrra specialises in custom-tailored luxury and blends proven manufacturing techniques with the highest quality inputs and a qualitative design to produce not merely luxurious jewellery but significant ones. From the custom bridal sets to the singular heirloom designs, each creative work is backed up by a certificate of excellence and made to perfection by hand of the master artisans.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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