International News
Precious metals witness profit booking ahead of Employment data AUGMONT BULLION REPORT
- Gold and silver prices fell as investors awaited the US nonfarm payrolls report for October and November, which would provide additional information on the Federal Reserve’s policy stance. If labour market data confirms the idea that employment remains a weak point, precious metals may benefit since it enhances the case for quicker rate cuts.
- Markets are currently putting in a 75.6% chance that the Fed will hold interest rates unchanged at its January meeting, with some expecting two additional rate cuts next year.
- US officials stated on Monday that an agreement with Ukrainian President Volodymyr Zelenskyy to stop the war with Russia was nearly complete, but territorial problems remain unresolved, and a robust security assurance from the US and European countries remains a sticking point.
- India’s regulators now enable pension funds to invest in gold and silver ETFs. They will be authorised to add gold and silver ETFs in private sector pension programs worth up to 5% of the fund’s AUM. This could further increase the already increasing investment demand in India.
Technical Triggers
- Gold is expected to trade in the range of $4290 (~Rs 132,000) to $4400(~Rs 136,000) this week. Buy on dips around support.
- For Silver $65 (~Rs 200,000) will be a difficult nut to crack. Prices are expected to touch support of Rs $60.50 (~Rs 188,000) before rising higher to resistance.
Support and Resistance
| Metal | Market | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $4,400 / oz | $4,290 / oz |
| Gold | Indian | ₹132,300 / 10 gm | ₹135,500 / 10 gm |
| Silver | International | $60.5 / oz | $65 / oz |
| Silver | Indian | ₹190,000 / kg | ₹200,000 / kg |
source:AUGMONT BULLION REPORT
International News
Cartier Reimagines an Icon: The Ruby-Set ‘Juste un Clou’ Debuts for Lunar New Year
A Fusion of Industrial Rebellion and Festive Elegance Marks a Limited-Edition Celebration of Luck and Prosperity.
In a bold intersection of high-fashion defiance and cultural tradition, Cartier has unveiled a limited-edition interpretation of its legendary Juste un Clou collection. This special release sees the iconic “nail” silhouette transformed with a festive row of vivid red rubies, launched specifically to commemorate the Lunar New Year.
Originally conceived in 1970s New York by designer Aldo Cipullo, the Juste un Clou has long been a symbol of the “rebellious spirit” and the elevation of the ordinary into the extraordinary. By integrating rubies—stones that traditionally symbolize luck, vitality, and renewal—Cartier effectively bridges its radical Western design heritage with the deep-rooted values of the East.
The collection features the signature wrap-around nail design in gold in bracelets, necklaces, earrings & rings with the “head” and “point” of the nail meticulously pavé-set with high-quality rubies. Industry experts view this move as a strategic masterstroke, as the “festive red” aesthetic continues to be a primary driver for luxury consumption during the spring transition.
Gemfair and De Beers London have launched a capsule jewellery collection featuring ethically sourced artisanal diamonds.
Cartier Reimagines an Icon: The Ruby-Set ‘Juste un Clou’ Debuts for Lunar New Year
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