International News
Precious Metals climbs to fresh highs as Dollar weakens AUGMONT BULLION REPORT
- Gold’s break above $5200 and silver’s surge past $115 mark a decisive escalation in the precious metals rally, driven primarily by a sharp weakening of the US dollar and rising policy uncertainty.
- The dollar slipping to a four-year low, combined with slumping US consumer confidence and concerns over the labour market, has strengthened the case for defensive assets.
- President Trump’s signal that he is comfortable with a weaker dollar, along with expectations of rate cuts under a new Fed chair, has further reduced real yield support for the greenback.
- Added to this, tariff threats and perceived pressure on Fed independence have amplified geopolitical and policy risk premiums—firmly underpinning gold and silver prices.
Technical Triggers
- Gold has met its targets of $5200 and is moving towards $5300 (~ Rs.1,65,000). Strong support lies at $4,980–5,000, below which profit-booking could extend to $4,900 and $4,750.
- Silver is resuming higher towards $120 (~ Rs 390,000). Key support is seen at $103 (~ Rs.3,40,000); a break could lead to retracement towards $100 and $97.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $5000 / oz | $5300 / oz |
| Gold | India | ₹155,000 / 10 gm | ₹165,000 / 10 gm |
| Silver | International | $103 / oz | $120 / oz |
| Silver | India | ₹340,000 / kg | ₹390,000 / kg |
International News
Chow Tai Fook Cashes In On Hong Kong’s Tourism Comeback
As Travelers Return and Gold Prices Wobble, The Jewelry Giant Proves A 52% Profit Jump Is Anyone’s Best Accessory
Hong Kong jewelry giant Chow Tai Fook just wrapped up its fiscal year with fantastic numbers -group revenue climbed 5% to HKD 94.4 billion (about $12.05 billion), while profit didn’t just grow, it basically exploded — up 52% to a record HKD 9.08 billion ($1.15 billion).
So what’s behind the glow-up? Two words: tourists and trust. As travelers flooded back into Hong Kong and Macau, same-store sales there jumped a staggering 17%. Mainland China wasn’t far behind, posting 7% growth even as the company admitted things got a little shaky in the final quarter thanks to gold prices doing their usual rollercoaster routine.
Chow Tai Fook didn’t just get lucky — they’ve been quietly reinventing themselves. Think less “grandma’s jewelry counter,” more curated boutique energy: trading out older locations for spots in upscale malls and leaning hard into branded collections instead of generic gold-by-the-gram sales.
Fixed-price jewelry (the stuff with a set price tag, not market-rate gold) shot up 16%, with the diamond-studded Hua Collection emerging as one of the year’s breakout hits. Gold jewelry sales overall: up a modest 3%.Store count: 5,540 in mainland China, 96 across Hong Kong and Macau
In its own words, the company chalked up the rebound to brand transformation efforts paying off even amid a softer mainland market. At the same time, the tourism recovery did some heavy lifting for Hong Kong and Macau sales. Chow Tai Fook believes fiscal 2027 will be much stronger, with “significantly fewer” store closures, as demand stabilizes.
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