International News
Precious Metals retrace as Trump announces Iran-Israel ceasefire AUGMONT BULLION REPORT
- 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
| Category | Support Level | Resistance 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 |
International News
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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