International News
Silver touches a new high above Rs 190K, ahead of the FED meeting AUGMONT BULLION REPORT
- Gold is trading in a range, while silver has reached a new high of $62 (~Rs 190,000/kg). Markets are anticipating a Federal Reserve interest rate cut later in the day, as well as firmer signals on policy direction through 2026.
- The market anticipates a 25-basis-point hawkish cut, with Chair Jerome Powell expected to warn caution on future easing due to persistent inflation.
- Fresh data revealed resilience in the US labor market, with job postings continuing a sequence of higher-than-expected readings, while ADP data suggested a resurgence in private hiring in late November, complicating the Fed’s view.
- Meanwhile, central banks continued to be net buyers of gold, with China increasing its reserves for the 13th month in a row to approximately 74.12 million troy ounces.
Technical Triggers
- Gold continues to consolidate in a range, with resistance at $4300 (~Rs 131,400) and strong support at $4200 (~Rs 129,000). Buy on dips and Sell on rallies.
- Silver has achieved the target of $60 (~Rs 185,500) and $62 (~Rs 190,000). Book profit and stay sidelines ahead of FED meeting.
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $4200/oz | $4300/oz |
| Indian Gold | Rs 129,000/10 gm | Rs 131,400/10 gm |
| International Silver | $57/oz | $62/oz |
| Indian Silver | Rs 177,000/kg | Rs 191,000/kg |
International News
GIA, Gübelin Gem Lab Confirm Rare Tourmaline Discovery In Ethiopia
The Testing Revealed hat While The Stones Exhibit The Signature Electric Blues, Bluish-Greens, Violets, and Purples Typical Of Copper-Bearing Elbaite, Their Trace-Element Profile Is Distinct From South American and West African Counterparts.
Two of the world’s foremost gemological authorities have verified the discovery of a significant new source of rare, copper-bearing tourmaline in Ethiopia, adding a major new supplier to one of the luxury jewelry sector’s most valuable gemstone markets.
Independent testing conducted by the Gemological Institute of America (GIA) and Switzerland-based Gübelin Gem Lab confirmed that newly circulating rough material originates from an Ethiopian deposit and qualifies as the coveted “Paraiba” variety. Historically, supply of the vivid, copper-infused gemstone has been restricted to limited deposits in Brazil, Nigeria, and Mozambique.
Reports of Ethiopian material first emerged across global trading networks in early 2026 as unrefined stones began appearing on international markets. Gübelin acquired and tested roughly 300 rough and cut specimens in May, while the GIA analyzed a parcel of more than 100 stones in July to establish origin baselines.
The testing revealed that while the stones exhibit the signature electric blues, bluish-greens, violets, and purples typical of copper-bearing elbaite, their trace-element profile is distinct from South American and West African counterparts.
Many specimens also display pronounced internal color zoning corresponding to subtle variations in chemical concentration during crystallization.
Both laboratories stated they will continue expanding their reference databases and analytical testing as commercial mining operations mature and additional Ethiopian rough enters the global supply chain.
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