International News
Precious Metals consolidate as uncertainties diminishes AUGMONT BULLION REPORT
Fed minutes signaled caution on rate cuts, keeping gold near $3400. Traders eye a September cut, while Powell’s Jackson Hole speech may offer clarity. Key gold support: $3340, resistance: $3445.
- The minutes of the most recent Fed meeting revealed that policymakers are still worried about the labor market and inflation, with the majority of voting members believing it is too early to cut interest rates. As a result, gold is stabilizing around $3400.
- An 85% possibility of a rate drop in September is now factored in by traders. The Federal Reserve’s cautious approach may reduce expectations for strong rate cuts throughout the remainder of the year, even though the rate cut in September is virtually guaranteed.
- When Jerome Powell speaks at the annual central bank symposium in Jackson Hole, Wyoming, on Friday, markets will receive more hints about the monetary policy of the Federal Reserve.
Technical Triggers
- Gold seems to continue its downward trajectory after sustaining below $3400. Next support is $3340 (Rs 98500), while $3445 (Rs 100,500) remains the resistance.
- Silver prices are expected to consolidate in a range of $37(Rs 110,500) to $39(Rs 115,000).
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3340/oz | $3445/oz |
| Indian | ₹98,500 / 10 gm | ₹100,500 / 10 gm | |
| Silver | International | $37/oz | $39/oz |
| Indian | ₹110,500 / kg | ₹115,000 / kg |
International News
Sabyasachi, The Metropolitan Museum Of Art Partnered For A Multi-Year Collaboration
The Line Bridges Historic Met Artifacts With Modern Luxury, Weaving Human Themes Of Love, Mortality, and Family Into Extravagant High Jewelry.
Nearly two decades after making his New York runway debut, renowned Indian designer Sabyasachi Mukherjee is set to return to New York Fashion Week on September 15, 2026, unveiling the first chapter of a multi-year collaboration with The Metropolitan Museum of Art (The Met).
The partnership will debut with an exclusive six-piece high jewellery collection inspired by the museum’s extraordinary holdings of art, sculpture and material culture. The collection reflects Sabyasachi’s belief that history is not static, but continues to evolve as it travels across cultures and generations.



Comprising three necklaces, two wrist cuffs and a pair of earrings, the collection draws from Byzantine and Roman influences while translating historic iconography into contemporary luxury. Crafted in 18k and 22k gold, the pieces feature round brilliant-cut diamonds alongside jade, tourmaline, lapis lazuli, jasper and onyx.
The designs take inspiration from Imperial Roman statuary, ancient medallions and religious artefacts housed in The Met. Among the standout creations is a pendant necklace based on an Imperial Roman marble sculpture depicting a family, inspired by a 2nd–3rd century CE Roman funerary relief from Thrace. Another notable piece is an asymmetrical tiger-claw necklace influenced by the intricate decoration of a 12th-century casket.
Rather than simply recreating historical objects, Sabyasachi reinterprets them through the lens of modern high jewellery, weaving universal themes such as love, mortality and family into each creation.


The New York presentation marks the beginning of a long-term creative dialogue between Sabyasachi and The Met, bringing together Indian design sensibilities and one of the world’s most celebrated museum collections in a collaboration that bridges heritage, craftsmanship and contemporary luxury.
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