International News
Silver climbs to new high above $54 and US shutdown ends AUGMONT BULLION REPORT
- A budget bill to reopen the government was approved by President Donald Trump today, ending the longest closure in US history. With the support of almost all Republicans and a small number of Democrats, the bill was approved by the House in a vote of 222-209. In addition to providing funding for a few important agencies through fiscal year 2026, the agreement creates a new funding cliff in Congress on January 30.
- As investors sought to protect themselves against global concerns with precious metals, silver surged more than 5% to above $54, moving closer to an all-time high set last month and taking this week’s gains to about 12%. The USDA highlighted the significance of silver, copper, and metallurgical coal to the economy and national security by adding them to its list of “critical minerals” last week.
- After Japan’s new prime minister stated that she wants the central bank to take its time raising interest rates, the yen plunged to a record low against the euro and hovered at a nine-month low against the dollar.
Technical Triggers
- Gold continues its upside, crossing $4200, with next target resistance at $4300 (~Rs 130,000) with support at $4100 (~Rs 123,500)
Silver has touched record high prices crossing $54 (~Rs 164,000), now next target resistance lies at $55(~Rs 168,500) and $56 (~Rs 172,000) and support at $52.85 (~Rs 164,000)
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $4,100/oz | $4,300/oz |
| Indian Gold | ₹1,23,500/10 gm | ₹1,30,000/10 gm |
| International Silver | $52.85/oz | $56/oz |
| Indian Silver | ₹1,64,000/kg | ₹1,72,000/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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