International News
Precious metal witness profit-booking amid easing geopolitical tensions AUGMONT BULLION REPORT
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- Gold and silver prices saw profit-booking as geopolitical tensions briefly eased after U.S. President Donald Trump withdrew his threat of new tariffs on European nations and signalled a softer stance on Greenland, saying a “framework of a future deal” had been agreed. His assurance that force would not be used, weighed on bullion prices and reduced immediate safe-haven demand.
- However, Trump’s continued rhetoric—warning NATO allies that opposition to his Greenland plans would be “remembered”—has kept underlying uncertainty alive. His earlier brinkmanship had triggered a diplomatic standoff with Europe and unsettled global markets, reinforcing gold’s safe-haven appeal.
- While near-term profit-taking has capped prices, persistent geopolitical risk and policy unpredictability continue to support the broader bull trend in precious metals.
Technical Triggers
- Gold and silver prices have seen some retracement, but the broader trend remains positive. For gold, the previous resistance near $4,750 (~ Rs.1,49,000) has now turned into a strong support zone. As long as prices hold above this level, the upside target of $5,000 (~ Rs.1,60,000) remains intact.
- In silver, prices have also corrected, but the $90.5 level (~ Rs.3,00,000) continues to act as a strong support. As long as silver trades above this zone, the metal retains the potential to move higher towards the $99–100 range (~ Rs.3,50,000). Overall, dips are likely to attract buying interest rather than signal a trend reversal.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4,750 / oz | $5,000 / oz |
| Gold | Indian | ₹1,49,000 / 10 gm | ₹1,60,000 / 10 gm |
| Silver | International | $90.5 / oz | $100 / oz |
| Silver | Indian | ₹3,00,000 / kg | ₹3,50,000 / kg |
International News
73rd Bangkok Gems and Jewelry Fair sets new record with 4.75 Billion Baht in trade value
Over 40,000 visitors from 118 countries propel the fair to its highest trade value since inception.
The Department of International Trade Promotion (DITP), in collaboration with the Gem and Jewelry Institute of Thailand (GIT), announced the successful conclusion of the 73rd Bangkok Gems and Jewelry Fair, held from February 22–26, 2026, at the Queen Sirikit National Convention Center (QSNCC). The event generated total trade value exceeding 4.75 billion baht, the highest since the fair’s inception.
The fair welcomed 40,721 visitors from 118 countries, with international visitors accounting for 61% of total attendance, reaffirming Thailand’s role as a global hub for the gem and jewelry trade. The top five visiting nations included India, Myanmar, China, Japan, and Sri Lanka, whose buyers drove high demand across key categories such as colored stones, silver jewelry, fine jewelry, diamonds, and industry machinery and equipment.
“The success of the 73rd Bangkok Gems & Jewelry Fair reflects the confidence of buyers and industry players worldwide in Thailand’s potential,” said Sunanta Kangvalkulkij, Director-General of DITP. “This event not only set a new record with over 4.75 billion baht in trade value, but it also reinforced Thailand’s vital role as a key global hub for gems and jewelry, even amidst the current challenges of the international economic landscape.”
To accommodate the industry’s growing interest, the 73rd edition expanded its exhibition space to over 53,000 square meters, covering Halls 1–8 and Plenary Halls 1–2. The fair hosted 1,222 companies from 19 countries across 2,794 booths.
The fair was also honored by the presence of Her Royal Highness Princess Sirivannavari Nariratana Rajakanya, who presided over the opening ceremony and viewed the “TREASURE OF DREAMS” exhibition. The showcase featured a high-jewelry collection designed by Her Royal Highness and crafted by master Thai artisans, reflecting her commitment to preserving and advancing traditional Thai craftsmanship while promoting Thailand’s jewelry industry on the international stage.
The 74th Bangkok Gems and Jewelry Fair is scheduled to take place from
September 8–12, 2026, at the Queen Sirikit National Convention Center (QSNCC).
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