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).Â
- 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
Sotheby’s Breuer Opening Auction Achieves Nearly $14 Million With Exceptional Heritage Jewels
The luxury house expands its creative partnership with the K-pop icon, introducing limited-edition pieces that fuse high jewellery craftsmanship with global pop-culture appeal.
The inaugural jewelry sale at Sotheby’s new Breuer building location showcases rare masterpieces from Boucheron, Belperron, JAR, Cartier and more—setting strong results across top lots.
Sotheby’s marked the debut of its New York Breuer building with an elegant inaugural jewelry sale titled A Legacy of Elegance: Jewels from an Exceptional Collection. The auction presented 56 curated lots from some of the most influential designers in jewelry history and closed with an impressive total approaching$14 million.
The top performer of the evening was a magnificent Boucheron laurel wreath necklace dating back to around 1888. Set with seven cushion-cut Burmese and Thai rubies and a mix of old mine-, old European-, and single-cut diamonds, the historic piece sold for $1.3 million, landing comfortably within its presale estimate.
The auction featured standout creations by celebrated names including Suzanne Belperron, JAR, René Boivin and Cartier—many of which surpassed expectations. Below are the remaining highlights from the top 10 results:

Reversible Pendant/Brooch: A vibrant multi-gem piece featuring pink topazes, rubies, diamonds, amethysts, sapphires, tourmalines and demantoid garnets sold for just over $1 million, more than doubling its $500,000 high estimate.

Diamond Earrings: A pair showcasing two pear-shaped diamonds — a 12.24-carat F/VVS2 and an 11.68-carat D/VS2 — realized $889,000.

Suzanne Belperron, 1966 Bib Necklace: Featuring topazes, morganites, aquamarines and diamonds, this statement creation brought in $825,500, exceeding its $350,000 top estimate.

JAR Quatrefoil Earrings: Pavé-set with rubies and diamonds, the pair sold for $698,500, above the $600,000 estimate.

JAR Rock Crystal & Sapphire Butterfly Brooch (circa 1987): Achieved $698,500, surpassing its $500,000 expected high.

Suzanne Belperron, 1954 Necklace: A cabochon sapphire and diamond bib-style piece that doubled its estimate, selling for $635,000.

JAR Wild Rose Brooch: Featuring a grey natural pearl framed by amethyst and sapphire petals, the brooch brought in $609,600, beating its $400,000 estimate.

Cartier 1930s Ruby & Diamond Bracelet: The invisibly-set classic reached $558,800, just over its high estimate.

JAR Frost-Inspired Earrings: Diamond-set branches radiating from pear-shaped center stones sold for $508,000, slightly above expectations.
The successful debut signals strong collector appetite for rare, historically significant jewels and reinforces Sotheby’s positioning at the forefront of high jewelry auctions.
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