International News
Jewellery absent from the list of Father’s Day top gift choices: NRF SURVEY
father’s Day spending in the US is set to reach a record $24 billion this year, according to the National Retail Federation (NRF) and Prosper Insights & Analytics. While the total spend is rising, jewellery is noticeably absent from the list of top gift choices.
Unlike Mother’s Day, when jewellery topped the charts with a projected $6.8 billion in sales, Father’s Day purchases are leaning more towards experiences, clothing, gift cards, and grooming products. In fact, 58% of shoppers plan to buy greeting cards, followed by clothing (55%), special outings (53%), and gift cards (50%). Jewellery didn’t make the list.
“Consumers are looking for gifts that create special memories or feel personal, and that’s pushing spending into categories like outings and subscription boxes,” said Phil Rist, EVP of Strategy at Prosper. “There’s a clear preference for experiential or practical gifts when it comes to dads.”
The average Father’s Day spend is $199.38 per person, nearly $10 more than last year. However, even with rising budgets, fine jewellery doesn’t appear to be part of the plan—highlighting a notable contrast to Mother’s Day, where jewellery is often considered a must-have gift.
International News
Precious Metals Find Support On Ceasefire Optimism AUGMONT BULLION REPORT
Gold Is Trading At Y Oversold Levels Near The Critical Support Zone Of $4,300, Silver Testing Key Support In The $66–$67 Range
- Price Movement – Gold and silver are consolidating near key support levels as markets digest a fragile Israel-Iran ceasefire alongside mounting concerns over inflation and the prospect of further interest rate hikes.
- Geopolitical Developments – President Trump confirmed that both parties are pursuing an immediate ceasefire, with final negotiations advancing. Israel and Iran announced a mutual halt to hostilities following a direct appeal from Washington. However, Tehran cautioned that it reserves the right to resume strikes if Israeli operations against Hezbollah in Lebanon continue.
- Macro-economic Signals – CME FedWatch data shows markets now pricing a greater than 70% probability of a Fed rate hike by December. Investors are closely watching May’s U.S. CPI and PPI releases, due Wednesday, for clearer signals on the Fed’s policy trajectory. The European Central Bank is also widely expected to deliver a rate increase this week.
Technical Triggers
- Gold is currently trading at deeply oversold levels near the critical support zone of $4,300 (approximately Rs. 1,54,000). A technical rebound of 3–4% is anticipated from current levels, driven by bottom-fishing activity. However, a sustained break below this support would shift the near-term bias decisively lower, exposing the $4,000–$4,100 range (approximately Rs. 1,50,000–Rs. 1,51,500) as the next downside target.
- Silver is similarly oversold, testing key support in the $66–$67 range (approximately Rs. 2,40,000–Rs. 2,42,000). As with gold, a 3–4% technical recovery is the base case on dip-buying, but a confirmed sustainability below this support would accelerate selling pressure toward $60 (approximately Rs. 2,20,000) in the short term.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4300/oz : $4500/oz : Rs 154,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $66/oz : $75/oz : Rs 240,000/kg : Rs 260,000/kg |
Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship
De Beers – The New Power Move: Why Natural Diamonds Are The Definitive Daily Essential For The Modern Indian Man
US Diamond Acquisition Study By De Beers Suggest That Diamonds Continue To Hold Strong Emotional and Aspirational Appeal For Today’s Consumer
“Artificial Do. Silver Lo” – GIVA Brings Back Its Most Loved Exchange Fest Across 350+ Stores Nationwide
Malabar Group and Institute Of Palliative Medicine Launch ‘Malabar Care Connect’ To Expand Access To Palliative Care
US Diamond Acquisition Study By De Beers Suggest That Diamonds Continue To Hold Strong Emotional and Aspirational Appeal For Today’s Consumer
-
BrandBuzz2 days ago“Artificial Do. Silver Lo” – GIVA Brings Back Its Most Loved Exchange Fest Across 350+ Stores Nationwide
-
National News1 day agoMalabar Group and Institute Of Palliative Medicine Launch ‘Malabar Care Connect’ To Expand Access To Palliative Care
-
DiamondBuzz1 day agoUS Diamond Acquisition Study By De Beers Suggest That Diamonds Continue To Hold Strong Emotional and Aspirational Appeal For Today’s Consumer
-
National News2 days agoMCX Gold, Silver Rise On US-Iran Diplomatic Breakthrough
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.