International News
Silver hovers at a 13-year high- AUGMONT BULLION REPORT
- Silver prices surged close to $37 (~Rs 107,000), hovering at its best levels in over 13 years due to robust demand for safe-haven assets amid trade and economic uncertainty throughout the world.
- The recent underperformance of gold, which caused investors to turn to other precious metals, also helped the commodity.
- Ahead of fresh US-China trade talks in London, markets were cautious, and poor Chinese export data lowered confidence.
- Silver profited from strong industrial demand, especially in solar energy applications, in addition to its use as a hedge.
- The Silver Institute reports that in 2024, the world’s supply of silver fell 15% short of demand, and this year is expected to have another shortfall, which will help to keep prices stable.
Technical Triggers
- Gold prices are expected to trade in the same range of $3275 (~Rs 95000) and $3425(~Rs 99000) in the near term.
- Silver has finally given a breakout from its range – above $35 (~Rs 102,000) to trade at an all-time high of $36.9 (~Rs 107,000) at exchanges. The next target is $38 (~Rs 111,000) if this positive momentum continues.
Support and Resistance
| Metal | Region | Support Level | Resistance Level |
|---|---|---|---|
| Gold | International | $3275/oz | $3425/oz |
| Indian | ₹95,000/10 gm | ₹99,000/10 gm | |
| Silver | International | $35.5/oz | $38/oz |
| Indian | ₹105,000/kg | ₹111,000/kg |
International News
Precious Metals Surge On Ceasefire Optimism AUGMONT BULLION REPORT
Geopolitical Optimism and Macro Shifts Drive Bullish Momentum
Safe-Haven Dynamics – Gold is expected to gain 1% and Silver 4% this week, marking a fourth straight weekly increase. This rise is driven by improving prospects of a permanent US-Iran ceasefire, which has reduced inflation concerns and lowered expectations of further central bank rate hikes.
- Geopolitical Developments– President Trump stated that Iran has agreed to key conditions: abandoning its nuclear weapons program, providing “free oil,” and keeping the Strait of Hormuz open. However, Iranian officials have not yet confirmed these terms. Separately, Israel’s cabinet convened on Wednesday to evaluate a potential ceasefire in Lebanon, over six weeks into its ongoing conflict with Iran-backed Hezbollah.
- Macro-economic Signals – Oil prices have dropped sharply on optimism surrounding a possible Iran deal, easing inflationary pressure, and reducing rate hike expectations. US traders currently assign a 29% probability to a 25-basis-point rate cut this year – a significant downward revision from earlier forecasts of two cuts before the conflict began.
Technical Triggers
- If Gold sustains above $4,850 (~ Rs. 1,55,000), the next upside resistance would be $5,000 (~ Rs. 1,60,000).
- As suggested earlier, Silver has given a breakout above $76.50 (~ Rs. 2,44,000), the next resistance would be $82 (~ Rs. 2,57,000) and $87 (~ Rs. 2,65,000) on continued strength.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4600/oz : $5000/oz : Rs 153,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $70/oz : $82/oz : Rs 225,000/kg : Rs 257,000/kg |
De Beers Unveils ‘Love From Dad’ Collection with Intimate Second-Piercing Diamond Designs
Raj Diamonds Launches Akshaya Tritiya Campaign Spotlighting “Ruby Splendour” and “Ancient Splendour”
WGC India Gold Market Update April 2026: The Indian Gold Market In Early 2026 Was Characterized By A Resilient Recovery
Akshaya Tritiya Sparkle: 5 Diamond Investment Pieces To Buy From Golubhai Badalia Diamond
Shringar House of Mangalsutra Unveils 3,000+ Designs, Targets Emerging Markets Ahead of Akshaya Tritiya
De Beers Unveils ‘Love From Dad’ Collection with Intimate Second-Piercing Diamond Designs
-
National News1 day agoAkshaya Tritiya Sparkle: 5 Diamond Investment Pieces To Buy From Golubhai Badalia Diamond
-
National News5 days agoShringar House of Mangalsutra Unveils 3,000+ Designs, Targets Emerging Markets Ahead of Akshaya Tritiya
-
National News1 day agoDe Beers Unveils ‘Love From Dad’ Collection with Intimate Second-Piercing Diamond Designs
-
National News2 days agoAshth Jewellery Celebrates Akshaya Tritiya With A Modern and Conscious Approach
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.