Precious Metals consolidate at highs AUGMONT BULLION REPORT

The US trade policy continues to be the major focus as gold consolidates around $3350 after a slight decline in the previous session, while Silver sees mild profit-booking at highs.

Published

1 year ago

July 15, 2025

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To date, President Donald Trump has written to 25 nations’ leaders informing them of higher tariff rates that will go into force on August 1. One of the most recent measures is a 30% import tax on goods from important partners like the EU and Mexico.
Trump also issued a warning that nations that raise their tariffs in retaliation risk even higher US charges. However, he said that until the new tariffs are put into effect, he is still amenable to more talks with trading partners.
For hints about the Federal Reserve’s rate path, investors are now waiting for the US CPI report, which is due later today.

Technical Triggers

Gold continues to trade in the range of $3300 (~Rs 96250) and $3400 (~Rs 98500).
Silver has given a breakout of its range of $37.5 (~Rs 108,500) and $35.5 (~Rs 105,000). The next target is $39 (~Rs 113,000) and $40 (~Rs 115,000).

Support and Resistance

Category	Support Level	Resistance Level
International Gold	$3280/oz	$3400/oz
Indian Gold	₹96,000/10 gm	₹98,500/10 gm
International Silver	$35.5/oz	$40/oz
Indian Silver	₹1,05,000/kg	₹1,15,000/kg

Related Topics:2025 Augmont Bullion Report internationalnews

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Global Bullion Markets Experience Downturn As US Fed Keeps Interest Rates Unchanged

Market Analysts Anticipate Continued Volatility In Precious Metals As Traders Digest The Fed’s Stance On Monetary Policy and Its Implications For Future Rate Trajectories

Published

2 days ago

October 29, 2026

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Global bullion markets experienced a downturn on Thursday as spot gold and silver prices each fell by nearly 1% following the U.S. Federal Reserve’s overnight decision to keep key interest rates unchanged. Domestic gold and silver prices in India are expected to reflect this global weakness throughout today’s trading session.

Parameter	Details
Gold (MCX) Futures	~₹1,43,600.00 – ₹1,43,724.00 per 10 grams
Silver (MCX) Futures	~₹1,94,450.00 per kg
Key Contract Benchmark	December 2026 Gold Futures are hovering near ₹1,42,324 – ₹1,43,700 levels.
Spot Gold	Down ~1%, struggling around $4,044/oz.
Spot Silver	Down ~1%, trading below $53.50/oz.
U.S. Fed Policy Rate	Unchanged at 3.75% – 4.00%.

In international markets, spot gold tumbled nearly 1% to trade near $4,044 per ounce, while spot silver dropped 1% to fall below $53.50 per ounce.

The market reaction follows the latest Federal Open Market Committee (FOMC) meeting, where policymakers voted to maintain the target range for the federal funds rate at 3.75% to 4.00% (3-3/4 to 4 percent).

In an official statement, the FOMC reaffirmed its commitment to supporting its dual mandate of maximum employment and price stability while continuing its policy of maintaining ample reserves within the banking system.

Market analysts anticipate continued volatility in precious metals as traders digest the Fed’s stance on monetary policy and its implications for future rate trajectories.