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
Significant Upside Trajectory In The Metals Sector
Precious Metals Surge on Geopolitical Optimism as Gold and Silver Rally, While Crude Oil Faces Downward Pressure Amid Ongoing US–Iran Developments
Gold rates and silver rates in India will be driven by global trends, as the Indian market is closed. Trading in commodities, including gold and silver, will be closed for half a day on April 14 at MCX.
We are seeing a significant upside trajectory in the metals sector, driven by recent geopolitical synergies:
- Gold Asset Class: Spot prices have achieved a value-add recovery, scaling past the $4,760/oz threshold.
- Silver Asset Class: Currently experiencing a high-growth phase, surging approximately 2% to reach a target density near $77/oz.
- Market Bandwidth: While the MCX interface is currently undergoing a scheduled half-day service window on April 14,
- Energy Sector Headwinds
Conversely, the energy vertical is facing downward scalability issues:
- Crude Oil Index: Both US WTI and Brent Crude are failing to gain leverage, currently underperforming by 2% and hovering around the $98/bbl mark.
Geopolitical Synergy & Risk Mitigation
The recent bullish momentum in precious metals is a direct byproduct of strategic bilateral engagement between the US and Iran. Key stakeholders are currently deep-diving into negotiations to extend the current truce framework.
- US Perspective: President Trump has acknowledged a proactive outreach from Tehran following the implementation of a naval blockade.
- Iranian Alignment: President Pezeshkian has signaled readiness to move the needle on peace discussions, provided all deliverables remain within the compliance framework of international regulations.
Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design
Senco Gold & Diamonds Launches Its first Rourkela Store With Bhumi Pednekar Ahead Of Akshaya TritiyaÂ
Shringar House of Mangalsutra Unveils 3,000+ Designs, Targets Emerging Markets Ahead of Akshaya Tritiya
Instamart and Kalyan Jewellers Enable Customers To Lock Today’s Gold Price For Akshaya Tritiya
Senco Gold & Diamonds Launches Its first Rourkela Store With Bhumi Pednekar Ahead Of Akshaya TritiyaÂ
Celebrate Prosperity In Style – Akshaya Tritiya 2026 Gifting Guide By TrueSilver
-
National News14 hours agoInstamart and Kalyan Jewellers Enable Customers To Lock Today’s Gold Price For Akshaya Tritiya
-
GlamBuzz7 hours agoSenco Gold & Diamonds Launches Its first Rourkela Store With Bhumi Pednekar Ahead Of Akshaya TritiyaÂ
-
National News11 hours agoCelebrate Prosperity In Style – Akshaya Tritiya 2026 Gifting Guide By TrueSilver
-
National News8 hours agoShringar House of Mangalsutra Unveils 3,000+ Designs, Targets Emerging Markets Ahead of Akshaya Tritiya
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.