International News
Precious metals chasing record highs on geopolitical risks:AUGMONT BULLION REPORT

Geopolitical tensions in the Middle East, particularly those involving the US, Iran, and Israel, maintain the demand for safe-haven assets high, which is keeping precious metals in a bullish momentum. China and Russia are the two central banks that are still hoarding physical gold, and the Dollar Index’s stabilization below 105 provides another technical tailwind.
The rally has been mostly fueled by the threat posed by President Donald Trump’s aggressive tariff program to global economic development, but the recent spike in geopolitical risk has given it further energy. In 2025, gold has increased by almost 30%, and central banks’ attempts to diversify away from the dollar have been a major factor.
Over the weekend, Israel and Iran bombarded one another with missiles and drones, with the fighting raising energy prices and endangering regional transportation and energy infrastructure. The head of Iran’s Islamic Revolutionary Guard Corps, Major General Hossein Salami, and the chief of staff of the army were killed last week when Israel attacked Iranian nuclear installations and the nation’s military leadership.
Iran responded by firing missiles and drones at Israel, claiming that Israel had declared war. However, there are concerns that the battle may escalate, endangering the Persian Gulf oil supply and causing broader economic repercussions that might reinforce the precious metal’s price.
What was once classified as tail risk—a speculative “what if everything goes wrong” situation—is now a live-wire reality. There is no fat tail here. There are teeth on this tail. Like a war tax, a geopolitical premium has been imposed on every barrel, and traders are adjusting more quickly than you can say “South Pars.”
In a traditional safe-haven move, gold increased in value alongside the dollar after the Israeli attack. It remains to be seen if the attack was the catalyst that rekindled the gold market and sparked a new surge towards over $3500. Nonetheless, it appears to be the least difficult course of action when combined with central bank demand, worries about fiscal debt, and improving US economic data that suggests rate decreases.
Three pivot points are currently being watched by markets: To what extent will Iran respond? Will proxies and patrons be involved, or will this be a bilateral matter? Will American assets be directly targeted or even seen as such? As soon as Washington becomes involved, even through rhetoric, we can anticipate a spike in oil prices and an increase in gold prices due to demand for safe-haven assets.
Since US President Donald Trump will be imposing tariffs on trading partners in the upcoming weeks, investors are also anticipating further details about his tariff plans.
Technically speaking, gold prices are above the $3410 (~Rs 99000) resistance zone, which corresponds to the upper bound of the rising wedge formation. The April ATH of $3500 (~Rs 101,500) may reappear if a move above this zone opens the way for last week’s high around the psychological level of $3468 (~Rs 100,700). A violation of this zone might open the door for the next significant psychological milestone of $3270 (~Rs 92500) if bearish momentum is to acquire traction.

International News
Cartier: Crafting the Exceptional” : an unprecedented look at the legendary jeweler’s artistry

An extraordinary collection of over 350 Cartier jewels, many boasting significant royal provenance, is now on public display at London’s prestigious Victoria and Albert (V&A) Museum.
The exhibition, titled “Cartier: Crafting the Exceptional,” offers an unprecedented look at the legendary jeweler’s artistry. Running until November 16th, this marks the first major Cartier showcase in the United Kingdom in almost three decades, drawing immense interest from jewelry enthusiasts and history buffs alike.
Among the exhibition’s captivating displays is the Manchester Tiara, an exquisite piece crafted by Cartier in 1903 for Consuelo, Dowager Duchess of Manchester. This stunning tiara boasts over 400 rose-cut diamonds and draws inspiration from elegant 18th-century French design.
Visitors can also admire a remarkable selection of Tutti Frutti jewels from the 1920s, celebrated for their vibrant, colorful gemstones and groundbreaking designs.
The exhibition itself is a testament to Cartier’s enduring legacy, bringing together an unprecedented array of treasures. These include pieces from the exclusive Cartier collection, items from the Royal Collection, and rare jewels from private lenders across the globe – many of which are seldom, if ever, seen by the public.
International News
A new collection to celebrate ruby month- Arayian x Gemfields

Ruby is the fiery birthstone for the month of July – and to mark the arrival of this sultry summer month comes a new collaboration featuring gems from Gemfields’ ruby mine in Mozambique.



The Arayian Jewellery x Gemfields capsule collection harnesses the allure and talismanic properties of Mozambican rubies in an array of designs, from elegant dangling ‘chandelier’ earrings to diamond-encrusted ruby rings, classic bracelets, and rich statement necklaces.



Renowned for its bold use of coloured gemstones and red-carpet-worthy designs, Arayian’s pieces are a perfect showcase for rubies from Montepuez Ruby Mining, located on one of the world’s most significant ruby deposits and majority-owned by Gemfields, a world-leading responsible miner and marketer of coloured gemstones. Though the deposit was only discovered in 2009, Montepuez has been the source of some of the most exquisite gems the world has ever seen, putting Mozambique firmly on the map when it comes to rubies.



Arayian is renowned for working with some of the finest coloured gemstones from selected suppliers, and then expertly cutting these and managing the entire process in-house, from sourcing to creation, to ensure the most exceptional quality. The new collection features refined, timeless designs, created by Arayian’s team of master artisans to highlight the natural beauty of each gemstone, with subtle modern elements woven into classic forms, resulting in pieces that feel current yet enduring: worthy of being passed down generations.
Arayian shares Gemfields’ passion for responsible practices, making it an ideal brand partner. Gemfields strives to operate with transparency, legitimacy and integrity at every stage of the mining process, ensuring that profits from sales of its coloured gemstones – rubies from Mozambique and emeralds from the Kagem mine in Zambia – bring tangible benefit back to their countries of origin, positively impacting communities.

“Each piece from the Arayian Jewellery x Gemfields collection features responsibly mined Mozambican rubies, chosen for their vivid colour and unique character,” says Elena Basaglia, Gemfields’ Head of Partnerships and Product – Downstream. “Gemfields takes great pride in seeing these gems showcased in striking designs that capture the glamour of the red carpet and the strength of the women who wear them,” adds Basaglia. Gemfields is delighted to see these treasures from Mozambique shining brightly in this exciting new collection – perfectly timed for ruby month, a high point of the year! The Arayian Jewellery x Gemfields ruby collection ranges from USD 7,500 to USD 150,000 and is available from 1 July 2025 on Arayian.com
International News
WGC REPORT Central banks expect official sector gold holdings to increase against a backdrop of geopolitical and economic uncertainty.

More than nine in ten (95%) reserve managers indicated that they expect central banks to continue increasing their gold holdings in the next 12 months, according to new 2025 data released by the World Gold Council today.1 This is a record high since it was first tracked in the 2019 survey and represents a 17% increase from the 2024 findings.
The 2025 Central Banks Gold Reserves (CBGR) survey, which collected data from a record 73 of the world’s central banks, also finds that nearly 43% of central banks plan to add to their own gold reserves within the next year. Reserve managers’ favourable view of gold persists even in the face of record-high gold prices2 and 15 successive years of central bank gold buying.
Gold continues to be used as a safe-haven asset to help mitigate risks as ongoing economic and geopolitical uncertainty continues to weigh on reserve managers. The top three current motivations for holding the asset have shifted to its long-term store of value (80%), its role as an effective portfolio diversifier (81%), and its performance in times of crisis (85%).
Central banks in emerging markets and developing economies (EMDE) have once again maintained their positive outlook for gold’s future share in reserve portfolios. Notably, 28 out of 58 (48%) EMDE respondents thought that their own gold reserves would increase in the next 12 months, compared to 3 out of 14 (21%) of advanced economy respondents, more than last year. Although interest rate levels remained a key component of both groups’ motivators for holding gold, inflation (84%) and the geopolitical situation (81%) were top of mind for EMDEs, while 67% and 60% of advanced economy respondents felt the same.
Notably, more central banks are increasingly storing gold domestically: 59% said they have gold in domestic storage, up from 41% in 2024. Additionally, most respondents (73%)
see moderately or significantly lower US dollar holdings within global reserves over the next five years. However, respondents also believe that other currencies, such as the euro and renminbi, as well as gold, will increase their share over the same period.

Shaokai Fan, Global Head of Central Banks & Head of Asia-Pacific (ex-China), commented:
“After eight years of conducting this survey, we have reached an important milestone: nearly half of the central bank respondents intend to increase their own gold holdings in the coming year. This is remarkable, especially considering how many record-high prices we’ve hit so far in 2025. Notably, this reflects the current global financial and geopolitical environments. Gold remains a strategic asset as the world faces uncertainty and tumult. Central banks are concerned about interest rates, inflation, and instability – all reasons to turn to gold to mitigate risk.”
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