Precious Metals retrace from record highs on profit-booking AUGMONT BULLION REPORT

Published

1 year ago

June 20, 2025

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Precious metals have reversed as support from growing geopolitical tensions in the Middle East is offset by a stronger dollar overall and the possibility of fewer interest rate reductions from the US.
Israel struck Iran’s nuclear sites on Thursday, while Iran attacked Israel with missiles and drones, including attacking an Israeli hospital overnight, escalating the Middle East crisis. Neither party has shown a plan to leave.
President Donald Trump will put pressure on Tehran to engage in negotiations as he decides in the next two weeks whether the United States will intervene in the Israel-Iran air confrontation.
Meanwhile, Trump restated his demands that interest rates be lowered by the Federal Reserve, stating that they should be 250bps lower.

Technical Triggers

Gold prices are consolidating around record-high levels in the range of $3360(~Rs 99000) and $3475(~Rs 101,000).
Silver prices have retraced from its high, 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).

Support and Resistance

Metal	Region	Support Level	Resistance Level
Gold	International	$3300/oz	$3500/oz
	Indian	Rs 96000/10 gm	Rs 101000/10 gm
Silver	International	$36/oz	$38/oz
	Indian	Rs 105000/kg	Rs 112000/kg

Related Topics:2025 Augmont Bullion Report internationalnews

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Dubai Records Highest-Ever Diamond Trade In 2025

Natural Diamonds Continued To Dominate The Market, Contributing US$39.9 billion, Or 96% Of Dubai’s Total Diamond Trade Value In 2025.

Published

1 day ago

July 17, 2026

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Dubai achieved a record performance in its diamond trade in 2025, reaching its highest-ever levels in both value and volume, according to the Dubai Multi Commodities Centre (DMCC).

The total value of diamond imports and exports increased 16% year-on-year to US$41.7 billion, up from US$35.8 billion in 2024. Trade volume also surged 43% to 359.5 million carats, marking the first time Dubai has recorded all-time highs in both value and physical volume.

DMCC CEO Ahmed Bin Sulayem said the strong performance reflects Dubai’s long-term strategy of building a transparent, connected, and efficient global hub for the diamond trade. Since 2020, diamond trade through Dubai has doubled in volume and grown nearly 140% in value.

Natural diamonds continued to dominate the market, contributing US$39.9 billion, or 96% of Dubai’s total diamond trade value in 2025.

Trade in rough diamonds reached 205.2 million carats, the second-highest volume on record and around 34% higher than in 2024. The value of natural polished diamond trade rose nearly 25% to US$18.7 billion. Since 2020, the value of natural polished diamond trade through Dubai has increased by 246%.

Over the past decade, Dubai’s overall diamond trade has grown 63% in value and 44% in volume, reinforcing its position as one of the world’s leading diamond trading centres.

The emirate also recorded strong growth in other precious stones. Coloured gemstone trade climbed 48% to a record US$1.1 billion, supported by a 69% increase in imports and a 34% rise in exports. Meanwhile, synthetic and industrial diamonds accounted for around 39% of the total diamond trade volume in 2025.