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Precious Metals Surge As Middle East Diplomacy Advances AUGMONT BULLION REPORT

Silver Surged Over 6% To Above $78, While Gold Rose Approximately 3% To Trade Near $4,700.

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Safe-Haven Dynamics – Silver surged over 6% to above $78, while Gold rose approximately 3% to trade near $4,700. The primary driver was easing Middle East tensions, which pressured oil prices lower and reduced inflation concerns. Both Iran and the US are engaging mediators to finalise a one-page, 14-point memorandum of understanding, intended to establish a framework for a month-long negotiation process aimed at ending the conflict.

Geopolitical Developments – The White House is reportedly close to a deal with Iran, marking the most significant diplomatic progress since the conflict began. The proposed agreement would require Iran to accept enhanced UN inspections, suspend nuclear enrichment for 12–15 years, potentially relocate highly enriched uranium, and restrict underground nuclear facilities. In return, the US would phase out sanctions and release billions in frozen Iranian assets.

Macro-economic Signals – The US ADP report released Wednesday showed private-sector payrolls expanded by 109K in April, up from a downwardly revised 61K in March. The above-consensus reading signals continued, if uneven, labour market resilience. Meanwhile, CME FedWatch data indicates markets are still assigning meaningful probability to a Fed rate hike before year-end.

Technical Triggers  

  • Gold has recovered from the $4,500–4,550 (~ Rs. 1,49,000) support zone, with resistance now targeted at $4,800–4,850 (~ Rs. 1,55,000). 
  • Silver has met the $78 (~Rs. 2,56,000) upside target; subsequent resistance levels stand at $80 (~Rs. 2,60,000) and $82 (~Rs. 2,65,000).

Support and Resistance

International Gold Support Level
International Gold Resistance Level  
Domestic Gold Support Level
Domestic Gold Resistance Level
: $4500/oz
: $4850/oz  
: Rs. 148,000/10 gm
: Rs. 155,000/10 gm
International Silver Support Level
International Silver Resistance Level  
Domestic Silver Support Level
Domestic Silver Resistance Level
: $73/oz
: $82/oz  
: Rs. 240,000/kg
: Rs. 265,000/kg
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Mohar Fine Jewels x Gemfields : From Florals To Geometry, Coloured Gemstones Take New Forms

The Latest Collection Pairs Gemfields’ Zambian Emeralds and Mozambican Rubies With Mohar Fine Jewels’ Craftsmanship Across Bold, Floral and Contemporary Designs. 

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With a three-generation legacy in fine jewellery, Mohar Fine Jewels has built its expertise around natural gemstones, with emeralds being a particular focus for the family. The latest additions to the partnership with Gemfields bring together Zambian emeralds and Mozambican rubies across individual designs that play with floral forms, geometric silhouettes and statement proportions.

The new pieces look at coloured gemstone jewellery through a more expressive lens, with the gemstones often taking centre stage rather than being treated as accents. The Ruby Droplet Earrings, for instance, use 33.69cts of Gemfields Mozambican rubies with 4.78cts of diamonds, creating a bold red statement in 18k gold. On the emerald side, the Emerald and Diamond Blooming Studs bring together 18.30cts of Gemfields Zambian emeralds with 4.07cts of diamonds, translating the idea of a bloom into a more defined, sculptural silhouette.

The Emerald and Diamond Earrings make a statement through scale, featuring 51.59cts of Zambian emeralds alongside 8.96cts of diamonds. A more structured take comes through in the Emerald and Diamond Studs, which pair 7.36cts of Zambian emeralds with 0.965cts of diamonds. Meanwhile, the Emerald and Yellow Diamond Studs introduce a contrasting play of colour, centred around a 25.6ct Zambian emerald with 3.09cts of diamonds. The Ruby Blossom Necklace takes the floral inspiration in another direction, using a blooming silhouette to frame the deep red of Mozambican rubies.

Across the pieces, the designs move between statement and more wearable silhouettes, making coloured gemstones the defining element for occasion dressing while bringing together Mohar Fine Jewels’ craftsmanship and Gemfields’ Zambian emeralds and Mozambican rubies.

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