International News
Platinum prices decline in Feb 2025
In February 2025, platinum prices experienced a downward trend. On February 6, 2025, platinum was priced at approximately $1,011.78 per troy ounce. By February 28, 2025, the price had decreased to around $939.99 per troy ounce.
This decline aligns with forecasts from Monex Precious Metals, which anticipated platinum prices fluctuating between $950 and $1,050 over the next few months, with potential decreases as seasonal strengths wane.
Despite the short-term decline, J.P. Morgan analysts maintain a positive long-term outlook for platinum, predicting prices could reach $1,200 per ounce in 2025.
Overall, while February 2025 saw a decrease in platinum prices, expert analyses suggest potential for future appreciation.
As of March 15, 2025, the price of platinum in India is approximately ₹2,778 per gram, translating to ₹27,780 per 10 grams
International News
Hopes for New Government data lifts precious metals prices AUGMONT BULLION REPORT
- Gold and Silver continued to rise, reaching a close to three-week high, supported by indications that the U.S. government shutdown was coming to an end and rising anticipation of another December interest rate cut by the U.S. Federal Reserve.
- Late on Monday, the U.S. Senate ended the longest shutdown with a compromise that would return federal funds to the United States. It would include three full-year appropriations measures and would finance the government until January 30 if the Senate passes the bill. It would then need to be approved by the House of Representatives and sent to President Donald Trump, a process that might take several days.
- Amid concerns about the economic consequences of the longest-ever U.S. government shutdown, consumer sentiment in the United States declined to a 3-1/2-year low in early November.
Technical Triggers
- Gold prices have achieved the target of $4150 (~Rs 125,000). Prices are expected to consolidate here for a while, before moving higher.
- Silver prices have achieved the target of $50.80 (~Rs 155,000). Prices are expected to consolidate here for a while, before moving higher.
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $4000/oz | $4200/oz |
| Indian Gold | ₹122,000/10 gm | ₹126,000/10 gm |
| International Silver | $48/oz | $51/oz |
| Indian Silver | ₹149,000/kg | ₹156,000/kg |
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