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Precious Metals retrace as Trump announces Iran-Israel ceasefire AUGMONT BULLION REPORT

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  • A truce agreement between Israel and Iran reduced the metal’s appeal as a safe-haven, causing gold to drop to about $3350. President Donald Trump declared late Monday that both countries had reached an agreement on a full ceasefire, with Iran initiating the truce right away and Israel following 12 hours later.
  • Trump’s remarks followed Iran’s symbolic reprisal against a US military base in Qatar, of which no injuries were recorded.
  • In the meantime, investors are keeping a tight eye on Federal Reserve Chair Jerome Powell, who will appear before the US Congress on Tuesday and Wednesday, for any clues about the direction of interest rates going forward.

Technical Triggers   

  • This week, gold prices are anticipated to fluctuate between $3320 (~Rs 97000) and $3420 (~Rs 100,000); a breakout or a breakdown will provide a 2-3% rise or fall.
  • Silver prices have retraced from their high; the next support is $35.50 (~Rs 105,300). Prices should sustain this support for the bull trend to continue. If this support is broken, the next downside level is $34.50 (~Rs 104,000). On the upside, prices can rise to $36.75 (~Rs 107,500).

Support and Resistance

CategorySupport LevelResistance Level
🌍 International Gold$3,320 / oz$3,420 / oz
🇮🇳 Indian Gold₹97,000 / 10 gm₹100,000 / 10 gm
🌍 International Silver$35.50 / oz$36.75 / oz
🇮🇳 Indian Silver₹105,000 / kg₹107,500 / kg

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International News

DMCC Launches ‘DMCC FinX’ To bridge institutional capital, trade and technology

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DMCC – the leading international business district that drives the flow of global trade through Dubai – officially launched DMCC FinX today during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1,000 senior industry figures, the conference convened global leaders from precious metals, finance, policy and technology to examine the forces reshaping the future of the sector.

Our closing panels at #DPMC2025 discuss regulation and market evolution. Deliberations on artisa (1)

Held under the theme “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment, emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals, digital assets and finance; the rise of tokenisation; and Dubai’s accelerating role as a centre of trust, transparency and innovation for the global gold and precious metals industry.
Keynote speeches were delivered by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Ruth Crowell, Chief Executive of the London Bullion Market Association (LBMA) and global financial commentator Grant Williams. The conference featured senior representatives from leading exchanges, refineries, bullion banks and regulatory bodies, including the World Gold Council, the Shanghai Gold Exchange, CME Group and the UAE Ministry of Economy. Panel sessions explored the realignment of global trade flows, the harmonisation of international standards, responsible sourcing in artisanal mining and the evolving role of bullion banks in a multipolar economy.

Our closing panels at #DPMC2025 discuss regulation and market evolution. Deliberations on artisa (2)

One of the headline announcements of the day was the formal launch of DMCC FinX – a strategic expansion designed to connect capital market participants, trade finance professionals and fintech innovators with DMCC’s rapidly growing community of more than 26,000 companies. Built on DMCC’s established financial and commodities infrastructure – including the Dubai Gold & Commodities Exchange (DGCX), its central counterparty and clearinghouse the Dubai Commodities Clearing Corporation (DCCC), DMCC Crypto Centre, DMCC Tradeflow platform, and key industry partnerships with regulatory players such as the Dubai Virtual Assets Regulatory Authority (VARA) – DMCC FinX will bridge real-world commerce, capital markets and digital assets, reinforcing Dubai’s position as a global hub where finance and trade intersect

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