International News
Rupee breaks 90 per US dollar mark, supporting the precious metal rally AUGMONT BULLION REPORT
- The Indian rupee fell over the psychologically important 90 per US dollar threshold today, prolonging weakness in trade and capital flows, combined with concerns about a missed trade deal with Washington, keeping the currency under pressure.
- Gold and silver continue to rise as recent data indicates a gradual cooling of the US economy, combined with dovish signals from Fed policymakers, has bolstered market expectations for a 25-basis-point rate cut at the US central bank’s meeting next week, with traders pricing in an 89% chance of the move.
- According to the World Gold Council, central banks purchased 53 tons of gold in October, a 36% monthly increase and the most monthly net demand since the beginning of 2025.
- Investors are also monitoring November ADP employment report on Wednesday and the delayed September PCE Index, coming Friday, which is the Fed’s favored inflation barometer. Non-yielding gold usually benefits from lower interest rates.
Technical Triggers
- Gold has started its upward journey again; next target is $4300 (~Rs 132,000) and $4345 (~Rs 133,500) with strong support at $4200 (~Rs 129,000).
- Silver can continue its rally towards $60 (~Rs 185,500) and $62 (~Rs 191,000), with firm support at $57 (~Rs 177,000), if tight supply conditions continue.
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $4200/oz | $4345/oz |
| Indian Gold | Rs 129,000/10 gm | Rs 132,000/10 gm |
| International Silver | $57/oz | $62/oz |
| Indian Silver | Rs 177,000/kg | Rs 191,000/kg |
International News
Kering Invests in China’s Gold Jewelry Surge as Laopu’s Explosive Growth Reshapes Market
Heritage-gold brands Borland and Lamchiu secure major funding amid soaring demand, fueled by Laopu’s meteoric rise and China’s booming 24-karat segment.
A wave of investor interest is sweeping through China’s gold jewelry sector as the rapid rise of Laopu Gold Co. galvanizes confidence in the country’s high-end heritage gold market. The latest beneficiary is Borland, a Hangzhou-based jeweler known for its traditional filigree craftsmanship, which this week announced more than 100 million yuan ($14 million) in new funding.
The investment round includes contributions from Kering Ventures, the startup arm of luxury group Kering SA, and Shunwei Capital, co-founded by Xiaomi chairman Lei Jun. Kering noted that its minority stake enables participation in the “rapid development of a particularly buoyant 24-karat gold jewelry segment,” reflecting growing appetite for culturally rooted premium gold pieces.
Meanwhile, Dayone Capital has made a separate investment exceeding 100 million yuan in Lamchiu, a Lanzhou-based maker of handcrafted bespoke gold jewelry. The firm will support Lamchiu in expanding distribution and reinforcing the brand’s supply-chain capabilities.
The surge of capital follows the remarkable ascent of Laopu, which has become one of China’s breakout jewelry success stories. The company reported 12.4 billion yuan in revenue in the first half of 2025 — a year-on-year increase of over 250%, building on 168% growth from the previous year. Laopu’s momentum has outpaced Western luxury houses struggling with softer China demand.
Heritage gold jewelry — deeply rooted in Chinese aesthetics and traditional techniques like filigree — is attracting a new generation of luxury consumers. Brands like Laopu, which operate in top-tier malls, increasingly compete with global maisons such as Hermès and Cartier for clientele.
Despite strong digital followings, newer brands still face distribution gaps. Borland operates only three mall stores, while Lamchiu, despite amassing more than 1 million followers on Douyin, runs just one physical outlet in Lanzhou. Both companies plan to use their fresh funding to accelerate expansion and strengthen operational infrastructure.
The latest investments signal rising confidence that China’s heritage-gold renaissance is evolving from a trend into a long-term luxury category shaping the future of the jewellery market.
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