International News
Precious Metals gain after FED minutes AUGMONT BULLION REPORT
Liquidity – Gold remains in a consolidation phase, largely due to thin liquidity conditions during the Lunar New Year holiday week. With major Asian markets — including mainland China, Hong Kong, Singapore, Taiwan, and South Korea — closed, trading volumes are subdued. The muted price action appears technical in nature rather than driven by any fundamental shift.
Economic Data – On the macro-economic front, minutes from the Federal Reserve’s January meeting indicated a divided policy stance. Some officials supported pausing further rate cuts until inflation shows clearer improvement, while others discussed the possibility of rate hikes, advocating a balanced outlook. Following this, traders reduced expectations for multiple rate cuts this year. Markets now await key GDP and PCE inflation data, which could shape future rate expectations.
Geopolitical Tensions – Geopolitical tensions involving Iran have resurfaced. Reports suggest that any potential U.S. military action, if talks fail, could evolve into a prolonged campaign. This development may provide underlying support to gold if risks escalate further.
Technical Triggers
As indicated in the previous report, gold has rebounded from its key support level near $4,850 (~ Rs.1,50,000) and is now gradually advancing toward the resistance zone around $5,100 (~ Rs.1,60,000). One may consider a buy-on-dips strategy near support levels and book profits on rallies closer to resistance, until a decisive breakout occurs.
Silver has bounced from its support zone of $70–$90 (~ Rs.2,25,000). Prices are now heading toward the resistance levels of $85 (~ Rs.2,68,000) and $90 (~ Rs.2,85,000). Given the high volatility in silver, a buy-on-dips and sell-on-rallies approach remains appropriate within the current trading range.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4850 / oz | $5100 / oz |
| Gold | India | ₹150,000 / 10 gm | ₹160,000 / 10 gm |
| Silver | International | $70 / oz | $85 / oz |
| Silver | India | ₹225,000 / kg | ₹265,000 / kg |
International News
Signet The Biggest-Grossing Jeweller In North America By Far In 2025
Luxury Groups, Specialist Watch Retailers, and Branded Jewellery Players Are Steadily Gaining Ground Against Traditional Mass-Market and Department-Store Operators
National Jeweler’s latest State of the Majors report highlights a shifting leaderboard among North America’s “$100M supersellers,” which grew from 36 to 37 qualifying retailers in 2025. While Signet Group comfortably defended its first-place crown—generating $6.36 billion across 2,329 stores—the rest of the top ten saw major disruption. Signet’s total watch and jewelry sales for the year were $6.36 billion according to the report and had 2,329 outlets. Second-placed Richemont, the Swiss luxury conglomerate, sold $3.62 billion, with just 105 locations selling watches and jewlery.
One of the report’s most notable developments was the rise of Richemont to the No. 2 position, overtaking several larger-format retailers. The Swiss luxury conglomerate, owner of prestigious maisons including Cartier and Van Cleef & Arpels, reported $3.62 billion in watch and jewellery sales through only 105 locations. The performance illustrates the outsized revenue-generating power of luxury retail, with Richemont achieving high productivity per store compared with mass-market competitors.
The reshuffling pushed Walmart down to fourth place, signaling a broader shift in consumer spending toward premium and luxury jewellery categories. Meanwhile, warehouse retailer Costco advanced to No. 5, continuing to strengthen its position in fine jewellery through value-led offerings and member-driven purchasing.
Jewellery brand Pandora also climbed one rank to secure the No. 7 spot, reflecting sustained demand for branded jewellery collections and accessible luxury products. In contrast, luxury powerhouse LVMH slipped to No. 6, while longstanding department store chain Macy’s moved down to eighth place, highlighting increased competitive pressures within traditional retail channels.
Another significant change came at the lower end of the top ten, where Watches of Switzerland Group entered the rankings at No. 10, marking growing momentum for specialist luxury watch retail in North America. Its entry displaced Bucherer to No. 11, emphasizing the increasingly competitive nature of premium watch distribution.
The report points to a broader transformation in North America’s jewellery retail hierarchy, where luxury groups, specialist watch retailers, and branded jewellery players are steadily gaining ground against traditional mass-market and department-store operators. While scale remains a decisive advantage—as demonstrated by Signet’s market leadership—the rankings suggest profitability and influence are increasingly being driven by premium positioning, brand equity, and high-value transactions rather than store count alone.
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