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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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Zi Launches As A Modern Indian Design House Redefining Everyday Luxury

The New Jewellery Brand Makes Its Debut With 925 Sterling Silver, With An Expanding Design Vocabulary Across Titanium, Gold and Lab-Grown Diamonds

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Zi, a new Indian design house, has launched with its debut collection of 925 sterling silver jewellery, bringing contemporary, everyday designs to a category traditionally shaped around occasion and ceremony. Starting at Rs 3,500, the collection marks the first chapter of Zi’s ambition to build a modern jewellery house where luxury is defined by design, material and wearability rather than spectacle.

Zi begins with a simple shift in how jewellery is approached: pieces need not be saved for a particular occasion. Its debut collection is designed to become part of an everyday wardrobe, with clean forms, considered detailing and versatile silhouettes that can be worn repeatedly, styled differently and carried across settings.

The collection is divided into three edits: Staple Edits, featuring everyday essentials; Forever Favourites, comprising versatile pieces designed for repeat wear; and Evening Elegance, bringing a more elevated expression to after-dark and occasion dressing. Across the edits, the pieces are designed to work independently or together, allowing customers to build a personal jewellery wardrobe rather than buy around individual occasions.

925 sterling silver forms the foundation of the launch, chosen for its versatility and as the starting point for Zi’s design language. The collection also incorporates other considered metals across select designs and is finished with premium rhodium plating. The jewellery is nickel- and lead-free, with a focus on material quality, finish and everyday wearability.

But silver is only the beginning for Zi. The brand is developing its next phase around more considered, design-led jewellery, including upcoming collections such as The Classics and The Atelier. These collections will build on the restraint of the debut while introducing greater depth and design expression, expanding the idea of what everyday luxury can look like over time.

The house is also developing jewellery across a broader material palette, including titanium fused with gold and lab-grown diamonds. Each material has been selected for a distinct role: titanium for its strength and lightness, gold for its warmth, and lab-grown diamonds as a contemporary interpretation of an established luxury material. The move reflects Zi’s intent to build a design house with a considered material philosophy, rather than remain defined by a single category or metal.

Beyond jewellery, Zi is exploring future lifestyle categories, with design continuing to anchor the brand’s approach. The long-term ambition is to create a design-led house that evolves across materials, products and categories while maintaining a consistent point of view.

The debut collection is available exclusively through Zi’s online platform from 24 August 2026, with prices starting at Rs 3,500.

With its launch, Zi is introducing a different proposition to India’s jewellery landscape: luxury designed not only for the moments that call for it, but for the everyday ones that make up a life. The debut in silver is the starting point; the larger ambition is to build a house with a design language that can evolve with the way modern India wears luxury.

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