National News
Gold slips on easing trade tensions : AUGMONT BULLION REPORT
• 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
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3200/oz | $3300/oz |
| Indian | ₹92,000/10 gm | ₹94,500/10 gm | |
| Silver | International | $32/oz | $34/oz |
| Indian | ₹94,000/kg | ₹98,500/kg |
National News
iAMORY Goes Mobile: D2C Jeweler Debuts App to Disrupt India’s ‘Counter-Led’ Retail
By bridging the trust gap with lab-grown diamonds and 925 silver, the new iOS and Android platform aims to become a “digital counter” for the modern consumer.
Following a successful physical debut in Mumbai, jewelry brand iAMORY has officially launched its mobile application on Android and iOS. The move signals a strategic shift to scale its direct-to-consumer (D2C) presence, targeting the rapidly evolving digital habits of Indian shoppers.


The app launch is designed to solve the “discovery fatigue” and lack of transparency often associated with traditional jewelry buying. By focusing on the 925 sterling silver and lab-grown diamond (LGD) segments, iAMORY is positioning itself at the intersection of affordability and fine jewelry.
A “Digital Counter” Experience The platform introduces several features aimed at building consumer confidence in high-value online purchases:
- Total Transparency: Real-time access to metal purity details, diamond certifications, and clear pricing breakdowns.
- Mobile-First Design: A seamless interface featuring AI-driven notifications, wishlists, and secure “one-tap” checkouts.
- Exclusive Access: App users will receive priority access to limited product drops and specialized discounts not available on the web or in-store.

Archit Jain of iAMORY noted that the power dynamic in the industry is shifting. “Digital adoption is democratizing jewelry,” Jain stated. “It is shifting power from family-led counters to digital-first, design-led brands that prioritize transparency, speed, and storytelling.” He describes the app as a “digital counter” where users can instantly compare prices and access social proof.
iAMORY plans to continuously iterate on the app experience, with upcoming updates slated to include advanced personalization tools, AI-driven loyalty mechanisms, and interactive content formats to deepen customer engagement.
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