International News
Precious Metals Recover from Lows, Await Direction Amid Middle East Tensions
- Safe Heaven Dynamics – Gold and silver have rebounded from key psychological supports near Rs.1,30,000 and Rs.2,00,000, respectively, supported by oversold conditions and short-covering. However, prices remain under pressure as Middle East tensions persist, with uncertainty around negotiations and the reopening of the Strait of Hormuz keeping inflation risks elevated.
- Geopolitical Developments – While US President Donald Trump indicated a delay in potential strikes and mentioned “productive discussions,” Iran has denied any ongoing talks, and Israel continues military actions. This divergence is sustaining geopolitical uncertainty and market volatility.
- Risk off sentiment – The recent sell-off reflects a classic liquidity-driven phase, where investors liquidate profitable assets like gold and silver to meet margin calls in other asset classes. This indicates positioning-driven moves rather than a change in long-term fundamentals.
Technical Triggers
- Gold: Rebounded from $4100 (~Rs.1,30,000) to $4500 (~Rs.1,42,000); likely to consolidate before targeting $4750 (~Rs.1,48,000).
- Silver: Recovered from $61 (~Rs.2,00,000) to $71 (~Rs.2,28,000); expected to consolidate before moving towards $75 (~Rs.2,40,000)
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4100/oz | $4750/oz |
| Gold | Domestic | ₹130,000 / 10 gm | ₹148,000 / 10 gm |
| Silver | International | $61/oz | $75/oz |
| Silver | Domestic | ₹200,000 / kg | ₹240,000 / kg |
Source: AUGMONT BULLION REPORT
International News
GIA Celebrates America’s 250th Anniversary With Special Red, White and Blue Gem Showcase
Through This Curated Exhibition, GIA Highlights The Scientific, Historical and Artistic Dimensions Of Gemstones While Commemorating A Major Milestone In American History.
The Gemological Institute of America (GIA) has assembled a distinctive collection of red, white and blue gemstones and pearls to mark the 250th anniversary of the United States. The showcase demonstrates the remarkable diversity of gem materials and highlights how crystal structures, trace elements and natural formation processes influence colour and appearance.
The collection presents a patriotic palette through an array of rare and notable gemstones. Featured in the red category are ruby, red spinel, rhodochrosite and red beryl. A standout exhibit is a finely carved ruby portrait of Abraham Lincoln, underscoring the artistic possibilities of gemstone carving. The display also includes red beryl, one of the world’s rarest gemstones, which is commercially mined only at Utah’s Ruby Violet Mine.
Representing the white and colourless segment are zircon, beryllonite, apophyllite and pearls. Colourless zircon is renowned for its exceptional brilliance and fire, while beryllonite from Maine adds a uniquely American element to the collection. Natural pearls further enrich the display, showcasing the fascinating biomineralisation process through which they are formed inside mollusks.
The blue section features blue spinel, dumortierite, euclase and benitoite. Among these, benitoite holds special significance as California’s state gemstone. First discovered in 1907 and officially designated as the state gem in 1985, benitoite is celebrated for its vivid blue colour and striking sparkle. Despite extensive study, scientists have yet to fully determine the cause of its distinctive hue.
Through this curated exhibition, GIA highlights the scientific, historical and artistic dimensions of gemstones while commemorating a major milestone in American history.
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