International News
Precious Metals Slip As Middle East Conflict Shows No Signs Of Cooling AUGMONT BULLION REPORT
– Gold and Silver Prices Are Trading Around Support Levels As The Middle East Conflict Kept Escalating With No Signs Of Slowing Down, Wiping Out Recent Optimism About Easing Inflation
Price Movement – Gold and Silver prices are trading around support levels as the Middle East conflict kept escalating with no signs of slowing down, wiping out recent optimism about easing inflation and stirring worries that rising oil prices could force the Fed’s hand on interest rates. Investors are now turning their attention to remarks from Dallas Fed President Lorie Logan and Fed Vice Chair Philip Jefferson, both due to speak later today.
Geopolitical Tensions – The US carried out fresh strikes on Iranian targets on Wednesday, though President Trump said Tehran had shown some willingness to return to the negotiating table.
Macro-Economic Signals – US consumer and producer inflation both slowed in June, helped by falling energy costs, adding to evidence that inflation was cooling off before the latest flare-up in the Middle East. Even so, traders are still pricing in roughly a 73% chance of a December Fed rate hike, according to the CME FedWatch Tool.
Technical Triggers
Gold’s next move still hinges on how the US-Iran situation develops. Holding above $4,090 (~Rs 1,44,000) could open the path to $4,160 (~Rs 1,47,000). But a slip below $4,000 (~Rs 1,40,000) risks a deeper slide toward $3,900 (~Rs 1,37,000).
A sustained move above of Silver above $63 (~Rs 2,30,000) could push it toward $70–71 (~Rs 2,51,000–2,55,000), while a break below $58 (~Rs 2,20,000) could drag it down to $55 (~Rs 2,10,000) and even $50 (~ Rs 1,90,000).
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $3900/oz : $4160/oz : Rs 137,000/10 gm : Rs 147,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $55/oz : $63/oz : Rs 210,000/kg : Rs 240,000/kg |
International News
GIA, Gübelin Gem Lab Confirm Rare Tourmaline Discovery In Ethiopia
The Testing Revealed hat While The Stones Exhibit The Signature Electric Blues, Bluish-Greens, Violets, and Purples Typical Of Copper-Bearing Elbaite, Their Trace-Element Profile Is Distinct From South American and West African Counterparts.
Two of the world’s foremost gemological authorities have verified the discovery of a significant new source of rare, copper-bearing tourmaline in Ethiopia, adding a major new supplier to one of the luxury jewelry sector’s most valuable gemstone markets.
Independent testing conducted by the Gemological Institute of America (GIA) and Switzerland-based Gübelin Gem Lab confirmed that newly circulating rough material originates from an Ethiopian deposit and qualifies as the coveted “Paraiba” variety. Historically, supply of the vivid, copper-infused gemstone has been restricted to limited deposits in Brazil, Nigeria, and Mozambique.
Reports of Ethiopian material first emerged across global trading networks in early 2026 as unrefined stones began appearing on international markets. Gübelin acquired and tested roughly 300 rough and cut specimens in May, while the GIA analyzed a parcel of more than 100 stones in July to establish origin baselines.
The testing revealed that while the stones exhibit the signature electric blues, bluish-greens, violets, and purples typical of copper-bearing elbaite, their trace-element profile is distinct from South American and West African counterparts.
Many specimens also display pronounced internal color zoning corresponding to subtle variations in chemical concentration during crystallization.
Both laboratories stated they will continue expanding their reference databases and analytical testing as commercial mining operations mature and additional Ethiopian rough enters the global supply chain.
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