International News
Precious Metals well supported on safe-haven demand AUGMONT BULLION REPORT
Safe-haven demand: Precious metals found support as safe-haven demand strengthened amid rising geopolitical tensions. The United States increased its military presence in the Middle East, heightening concerns over a potential conflict with Iran. At the same time, Ukraine–Russia peace talks ended without any meaningful breakthrough, reinforcing global uncertainty and supporting demand for gold and silver.
Geopolitical Tensions:U.S. President Donald Trump warned that Iran must reach an agreement on its nuclear program within 10 days or face consequences, further intensifying geopolitical risks. This continued fragility has embedded a risk premium in global markets, underpinning precious metals.
Economic Data:On the economic front, minutes from the Federal Reserve’s January 27–28 meeting revealed a divided stance among policymakers. Some members signaled openness to rate hikes if inflation remains elevated, while others favored rate cuts should price pressures moderate. This policy uncertainty is likely to keep volatility elevated in the precious metals market.
Technical Triggers
As indicated in the previous report, gold has rebounded from its key support level near $4,850 (~ Rs.1,50,000) and is now gradually advancing toward the resistance zone around $5,100 (~ Rs.1,60,000). One may consider a buy-on-dips strategy near support levels and book profits on rallies closer to resistance, until a decisive breakout occurs.

Silver has bounced from its support zone of $70–$90 (~ Rs.2,25,000). Prices are now heading toward the resistance levels of $85 (~ Rs.2,68,000) and $90 (~ Rs.2,85,000). Given the volatility in silver, a buy-on-dips and sell-on-rallies approach remains appropriate within the current trading range
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4850 / oz | $5100 / oz |
| Gold | India | ₹150,000 / 10 gm | ₹160,000 / 10 gm |
| Silver | International | $70 / oz | $85 / oz |
| Silver | India | ₹225,000 / kg | ₹265,000 / kg |
source: AUGMONT BULLION REPORT
International News
India-UAE Jewellery Dialogue Draws 200+ Stakeholders, Reinforces Trade Confidence
GJEPC and UAE Leadership Reaffirm Commitment To Market Resilience and “Business Beyond Borders.”

- The India-UAE Gems & Jewellery Dialogue -Boosting Confidence, held on 2 April 2026 at Taj Business Bay, Dubai, saw strong industry participation, underscoring continued optimism in bilateral trade. The event was organised under the patronage of the Embassy of India in the UAE, the Consulate General of India in Dubai, and the GJEPC.
The high-level gathering brought together over 200 stakeholders across the jewellery value chain, including manufacturers, retailers, wholesalers, and policymakers from both countries. Among the dignitaries present were H.E Mohammed Ali Rashed Lootah, President & CEO Dubai Chamber, H.E. Ahmed Al Khaja, CEO Dept of Economy & Tourism, H.E. Jumal Al Kait, Asst Undersecretary Ministry of Foreign Trade, Tawhid Abdullah, Chairman Dubai Jewellery Group. Speakers highlighted the resilience of the UAE’s jewellery ecosystem and pointed to expanding opportunities for integration with Indian manufacturers.

Delivering the keynote, H.E. Dr Deepak Mittal, the Ambassador of India to the UAE, reaffirmed the Government of India’s continued support for the sector and emphasised the UAE’s strategic importance as a partner under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Hon’ble Consul General Satish Kumar Sivan stressed the need for unity and confidence within the trade amid shifting global dynamics. In his welcome address, Mr Sabyasachi Ray, Executive Director, GJEPC, outlined GJEPC’s focus on strengthening exports and deepening engagement across the GCC through collaborative initiatives.
Key discussions reaffirmed the strength of India-UAE trade ties in gems and jewellery, sustained confidence in the UAE market despite global uncertainties, and the need for closer coordination between government, trade bodies, and industry. Participants also recognised the India Jewellery Exposition Centre (IJEX) as a critical platform enabling market access in the region.
The dialogue concluded with a shared commitment to deepen cooperation, strengthen trust, and drive growth in bilateral jewellery trade, with GJEPC reiterating its focus on facilitating “Business Beyond Borders.”
-
New Premises1 hour agoGargi By PNGS Expands With Four New Stores, Marks Strong Retail Growth
-
National News1 hour agoKISNA Diamond & Gold Jewellery Introduces Gold Rate Protection Plan Ahead of Akshaya Tritiya, Enabling Customers To Lock Prices In Advance
-
New Premises3 days agoBlueStone-Backed Ethera Accelerates Expansion With Four New Metro Stores Across India
-
GlamBuzz5 hours agoActress Tabu Unveils Kalyan Jewellers’ Revamped Showroom In Nashik


