International News
Precious Metals continues record run AUGMONT BULLION REPORT
- Gold touches a new record high of $3795 (~Rs 112,500) and Silver touches 14 14-year high of $44.40 (~Rs 133,900), encouraged by expectations that the Fed may lower interest rates further this year. Last week, the Fed made its first rate cut of the year and hinted at more to come as the labour market deteriorates.
- As a result, markets priced in nearly two additional 25 basis point cuts at the central bank’s remaining meetings this year.
- Strong central bank purchases, consistent ETF inflows, and persistent geopolitical risks—such as the Russia-Ukraine conflict and the economic consequences of President Donald Trump’s tariffs—have also supported safe-haven flows.
- For additional direction on the rates outlook, investors are now anticipating a new Fed speech and significant US inflation data this week.
Technical Triggers
- Gold Oct Futures is on its way to cross $3800 (~Rs 113,000) as the bullish run stays intact. Silver Nov Futures is on its way to touch the next psychological level of $45 (135,000), as the bullish run stays intact. Having said that, one should be very cautious on the buy side, as the rally seems overdone and overbought.
Support and Resistance
| Commodity | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3720/oz | $3800/oz |
| Indian Gold | ₹110,400 / 10 gm | ₹113,000 / 10 gm |
| International Silver | $43.5/oz | $45/oz |
| Indian Silver | ₹130,000 / kg | ₹135,000 / kg |
International News
Stanley Gibbons Baldwin’s to Auction $4M ‘Crown Coin’ Honouring Queen Elizabeth II’s Platinum Jubilee
The Crown Coin stands as a fusion of history, artistry, and royal symbolism—positioned to become a landmark piece in the world of numismatics.
Stanley Gibbons Baldwin’s is set to auction a spectacular commemorative coin, The Crown Coin, at its upcoming London sale on September 25. Valued at up to GBP 3 million (approximately $4 million), the coin celebrates Queen Elizabeth II’s historic Platinum Jubilee in a dazzling display of craftsmanship and royal heritage.
Crafted from 24-karat gold and adorned with 6,426 GIA-certified diamonds totaling 483.57 carats, the coin is a one-of-a-kind piece. At its core lies a 1-kilogram gold coin bearing a face value of GBP 10,000 ($13,644), legally recognized as tender. Surrounding it are ten 28-gram coins, each featuring official portraits from Queen Elizabeth II’s reign and representations of the Queen’s Virtues, inspired by the Victoria Memorial.
The design also incorporates intricate motifs from the queen’s tiaras, and the obverse showcases a gold and diamond-encrusted Union Jack. The entire piece weighs 3.61 kilograms and spans 235 millimeters in diameter.
Commissioned by The East India Company—a name steeped in over 400 years of royal association—the coin reflects a legacy that began with Queen Elizabeth I’s royal charter in 1600. By 1677, King Charles II granted the company the rare right to mint its own coinage, and in 1835, King William IV allowed the use of the monarch’s effigy—traditions that continue to echo in this extraordinary creation.
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