International News
Gold upside capped by better-than-expected Employment Report AUGMONT BULLION REPORT
- Strong US labour market data which indicated that businesses added more jobs than anticipated in June and that the unemployment rate unexpectedly fell to 4.1% served as a lid on gold’s gains and strengthened the case for the Federal Reserve to keep interest rates unchanged.
- It is anticipated that President Donald Trump’s big package of tax and spending cuts, which was adopted by the House on Thursday, will increase the national debt by nearly $3 trillion over the next ten years.
- In contrast, Trump announced that he will start writing to nations on Friday, outlining the tariff rates they will be subject to on US imports. This is a significant change from his previous promises to negotiate individual agreements.
Technical Triggers
- Gold is expected to trade in the range of $3300 (~Rs 96000) and $3400 (~Rs 98500) this week.
- Silver has given a breakout of its range, trading above $37 (~ Rs 108,000). Now next target is $38 (~Rs 111,000)
| Metal | Region | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3250/oz | $3440/oz |
| Indian | ₹95,000/10 gm | ₹98,500/10 gm | |
| Silver | International | $35.5/oz | $37/oz |
| Indian | ₹1,04,500/kg | ₹1,07,500/kg |
GJEPC hosted HE Mr. Vinod Jacob, Ambassador of India to the Kingdom of Bahrain, during Jewellery Arabia 2025, where GJEPC organised the India Pavilion for the 22nd consecutive year.
Held from 25 to 29 November at Exhibition World Bahrain, the India Pavilion was a key gateway for Indian exporters to engage with key buyers from Bahrain, Saudi Arabia, Kuwait, Qatar and the wider region.
Antrarpal Singh, Regional Chairman – North, GJEPC, and the GJEPC team received the Ambassador on 26 November. He toured the pavilion, interacted with exhibitors, and conveyed his support for their continued growth. Mr. Singh briefed him on India’s strengths in gold, studded jewellery, lab-grown diamonds and silver jewellery.
Shringar House of Mangalsutra Secures IAGES Accreditation, reinforcing its leadership in ethical gold standards
GJEPC hosts Indian Ambassador at 22nd India Pavilion at Jewellery Arabia Show
Rupee breaks 90 per US dollar mark, supporting the precious metal rally AUGMONT BULLION REPORT
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
Silver sees Rs 10,000 single day surge on supply crunch, US rate cut hopes, weaker $
Jewels of Legacy: People, Emotions, Histories behind four iconic Indian jewellery houses
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BrandBuzz20 hours agoMCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
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National News5 hours agoSilver sees Rs 10,000 single day surge on supply crunch, US rate cut hopes, weaker $
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BrandBuzz21 hours agoJewels of Legacy: People, Emotions, Histories behind four iconic Indian jewellery houses
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National News3 minutes agoShringar House of Mangalsutra Secures IAGES Accreditation, reinforcing its leadership in ethical gold standards
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