International News
Silver touches record highs on safe-haven buying AUGMONT BULLION REPORT
- Silver strikes a new high above $37 (~Rs 109,000) as investor tensions over the growing crisis between Israel and Iran boosted the market for safe-haven assets.
- Iran and Israel fired additional missile strikes at each other on Wednesday as the air war between the two old adversaries entered a sixth day despite a call from U.S. President Donald Trump for Iran’s unconditional surrender.
- Though consumer spending is currently underpinned by strong wage growth, U.S. retail sales fell more than anticipated in May due to a decline in motor vehicle purchases as the hurry to beat prospective tariff-related price spikes subsided.
Technical Triggers
- Gold prices are consolidating around record-high levels in the range of $3360(~Rs 99000) and $3475( (~Rs 101,000).
- Silver has crossed the $37 (~Rs 109,000) resistance. The next target is $38 (~Rs 112,000) if this positive momentum continues.
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3300/oz | $3500/oz |
| Indian Gold | ₹96,000/10 gm | ₹1,01,000/10 gm |
| International Silver | $36/oz | $38/oz |
| Indian Silver | ₹1,05,000/kg | ₹1,12,000/kg |
International News
DMCC Launches ‘DMCC FinX’ To bridge institutional capital, trade and technology
DMCC – the leading international business district that drives the flow of global trade through Dubai – officially launched DMCC FinX today during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1,000 senior industry figures, the conference convened global leaders from precious metals, finance, policy and technology to examine the forces reshaping the future of the sector.

Held under the theme “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment, emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals, digital assets and finance; the rise of tokenisation; and Dubai’s accelerating role as a centre of trust, transparency and innovation for the global gold and precious metals industry.
Keynote speeches were delivered by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, Ruth Crowell, Chief Executive of the London Bullion Market Association (LBMA) and global financial commentator Grant Williams. The conference featured senior representatives from leading exchanges, refineries, bullion banks and regulatory bodies, including the World Gold Council, the Shanghai Gold Exchange, CME Group and the UAE Ministry of Economy. Panel sessions explored the realignment of global trade flows, the harmonisation of international standards, responsible sourcing in artisanal mining and the evolving role of bullion banks in a multipolar economy.

One of the headline announcements of the day was the formal launch of DMCC FinX – a strategic expansion designed to connect capital market participants, trade finance professionals and fintech innovators with DMCC’s rapidly growing community of more than 26,000 companies. Built on DMCC’s established financial and commodities infrastructure – including the Dubai Gold & Commodities Exchange (DGCX), its central counterparty and clearinghouse the Dubai Commodities Clearing Corporation (DCCC), DMCC Crypto Centre, DMCC Tradeflow platform, and key industry partnerships with regulatory players such as the Dubai Virtual Assets Regulatory Authority (VARA) – DMCC FinX will bridge real-world commerce, capital markets and digital assets, reinforcing Dubai’s position as a global hub where finance and trade intersect
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