International News
Soft US CPI data fuels rate cut bets AUGMONT BULLION REPORT
Gold hovered near $3,400 as July CPI data boosted expectations of a September Fed rate cut, easing tariff-driven inflation fears. However, market sentiment was jolted by US Customs imposing duties on large gold bars despite Trump’s no-tax assurance.
- As investors considered the Federal Reserve’s rate forecast in light of the most recent CPI data, gold prices were circling $3400. Core inflation increased from 2.9% to 3.1% in July, while headline inflation was 2.7%, below the 2.8% prediction.
- Gold’s attractiveness increased as the data allayed worries about tariff-driven inflation and supported anticipations of a 25-basis-point Fed rate cut in September.
- Furthermore, despite President Trump’s declaration that there would be no tax, Customs and Border Protection shocked markets last week by placing 100-ounce and 1-kilogram gold bars under a customs code that imposes duties.
Technical Triggers
- After achieving the target of $3500 (~Rs 102,000), gold prices have retraced below $3400(~Rs 100,200) level. Prices are expected to consolidate for a while with a bearish bias towards $3350 (~Rs 98500)
- After achieving the target of $38.5 (~Rs 115,000), Silver prices have retraced to $37.5 (~Rs 113,000). Next support is $37(~Rs 111,000), while upside prices are expected to touch $39 (~Rs 115,000) again, if positive momentum continues.
Support and Resistance
| Metal | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3,350/oz | $3,480/oz |
| Indian Gold | ₹98,500/10 gm | ₹1,01,000/10 gm |
| International Silver | $37.5/oz | $39/oz |
| Indian Silver | ₹1,12,000/kg | ₹1,14,500/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.
-
National News1 hour agoGJC welcomes RBI’s 25 basis point repo rate cut
-
National News2 hours agoIndia’s World Cup victory celebrated with India’s own gold through Tanishq exchange
-
ShowBuzz60 minutes agoT.GOLD: The most innovative technologies for competitive and sustainable jewellery
-
International News4 hours agoGold edges lower, Silver stages a recovery as markets await crucial U.S. data


