International News
Precious Metals top out after FED rate cut AUGMONT BULLION REPORT
Following the FED’s rate cut this week, the price of gold and silver has begun to decline. Although the Fed opened the door to additional easing and restarted rate decreases on Wednesday, it temperingly warned of sticky inflation, raising questions about how quickly future easing will proceed.
The U.S. central bank released revised economic projections in conjunction with the policy decision, predicting 1.6% growth this year, 1.8% growth in 2026, and 1.9% growth in 2027.
In reaction to the deteriorating labor market, Fed Chair Jerome Powell described the policy decision as a risk-management cut and stated that the central bank was in a “meeting-by-meeting situation” with regard to the rate outlook.
Technical Triggers
- Gold Oct Futures seems to have topped out, and if it sustains below $3700 (~Rs 109,500), then we could only see further profit booking up to $3650(~Rs 108,000) and $3600 (~Rs 106,500).
- Silver Nov Futures also seems to have topped out around $43, the next target is $41(~Rs 123,500). Sell on rallies.
Support and Resistance
| Commodity | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3650/oz | $3750/oz |
| Indian Gold | ₹108,000/10 gm | ₹110,500/10 gm |
| International Silver | $41/oz | $43/oz |
| Indian Silver | ₹123,500/kg | ₹130,500/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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