International News
Precious metal consolidates after record peak, US CPI data in focus AUGMONT BULLION REPORT
- As market risks have escalated, such as inflationary worries, mounting public debt, and weakening U.S. growth, gold prices have reached all-time highs.
- Exchange-traded fund flows, especially in Asia, have been a swing factor for gold prices. Further price increases may be supported by indications that the flow momentum is increasing.
- As the Middle East tensions erupted, Poland claimed to have shot down Russian drones that had violated its airspace during a major attack in western Ukraine, and US President Donald Trump urged the EU to impose tariffs of up to 100% on China and India to pressure Russia over the war in Ukraine. Geopolitical risks also supported demand for safe-haven assets.
Technical Triggers
- After achieving the target of $3700 (~Rs 110,000) in gold, we can see some profit-booking up to $3600 (~Rs 108,000), if prices fall below $3655 (~Rs 108,800). Meanwhile, if the uptrend continues above $3700 (~Rs 110,000), the next target would be $3800 (~Rs 113,500).
- Silver Nov Future prices have been consolidating in the range of $41 (~Rs 123,000) and $42 (~Rs 126,000) for the past few days. Either side – breakout or breakdown will make a 2-3% sharp move.
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3600/oz | $3700/oz |
| Indian Gold | ₹108,000 / 10 gm | ₹110,000 / 10 gm |
| International Silver | $40/oz | $43/oz |
| Indian Silver | ₹120,000 / kg | ₹130,000 / kg |
International News
US Jewellery Companies Continued To Shrink In The Third Quarter:JBT
During Q3, Business Closures Dropped To 116 Compared To 126 In The Prior Year’s Third Quarter, Driven By 88 General Operational Cessations, 28 Acquisitions Or Mergers, and Zero Bankruptcies.
The number of active US jewelry companies continued to shrink in the third quarter, but at a slower pace than a year ago, according to the latest data from the Jewelers Board of Trade (JBT).The US jewelry industry continued its structural consolidation through Q3, though the pace of business closures showed signs of stabilizing compared to the previous year. Data from the Jewelers Board of Trade (JBT) reflects ongoing consolidation across retail, wholesale, and manufacturing, coupled with heightened credit volatility.
Key Data & Metrics
Nationwide, the active business footprint stands at 21,831 companies, reflecting a 1.4% year-over-year decline. During Q3, business closures dropped to 116 compared to 126 in the prior year’s third quarter, driven by 88 general operational cessations, 28 acquisitions or mergers, and zero bankruptcies. Meanwhile, new market entrants also slowed, with 67 new business openings recorded in Q3 down from 89 during the same period last year.
Sector-by-Sector Breakdown
| Sector | Active Count | YoY Change | Impact Summary |
| Retailers | 16,564 | -1.5% | Makes up the majority of the sector; experienced the largest net store count reduction. |
| Manufacturers | 2,061 | -1.7% | Steepest percentage decline among all segments. |
| Wholesalers | 3,206 | -0.9% | Relatively stable, holding the mildest contraction rate. |
Credit & Financial Health Trends
The JBT report highlights dynamic shifts in creditworthiness across US and Canadian businesses, signaling bifurcated financial health:
- Credit Downgrades: Jumped sharply to 1,655 (up from 620 in Q3 of the prior year).
- Credit Upgrades: Rose significantly to 1,480 (up from 551 in Q3 of the prior year).
While net business closures are tapering off, high numbers of simultaneous upgrades and downgrades point to a split market where resilient operators are strengthening their positions while vulnerable businesses face tighter financial pressures.
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