International News
US private sector layoffs rise to a two-decade high AUGMONT BULLION REPORT
- Gold and silver prices are attempting to establish a base before the next upleg rise, following confirmation of supporting factors, including massive layoffs and the US government shutdown.
- In October, US challenger job losses tripled, marking the biggest increase in more than 20 years, as businesses cited a decline in customer demand. October saw 153,074 job cutbacks, up 183% from September and 175% from the same month the previous year. It has been the worst year for layoffs since 2009 and the worst amount for any October since 2003.
- A total of 1.1 million layoffs have been declared by companies this year, which is the most since the COVID-19 pandemic year of 2020 and a 65% increase from the previous year. The greatest number for a fourth-quarter month since 2008 was recorded in October.
- As the U.S. government enters its longest-ever shutdown, investors will be watching for any economic data from private sources while official data remains missing.
Technical Triggers
- Gold prices are expected to consolidate in the range of $3900 (~Rs 117,500) to $4060 (~ Rs 122,500) for the next few days, so buy on dips and sell on rallies.
- Silver prices are expected to consolidate in the range of 45.5(~Rs 140,000) and $49 (~Rs 150,000) for the next few days, so buy on dips and sell on rallies.
Support and Resistance
| Category | Support Level | Resistance Level |
|---|---|---|
| International Gold | $3900/oz | $4060/oz |
| Indian Gold | ₹117,500/10 gm | ₹122,500/10 gm |
| International Silver | $45.5/oz | $49/oz |
| Indian Silver | ₹140,000/kg | ₹150,000/kg |
International News
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
Buyers, Institutional Investors, and Jewelers Are Guaranteed Strict Adherence To Exact Quality, Testing, and Traceability Standards. Silver From Any BIS-Approved Refinery Ensures A Verified Fineness and Purity
GJEPC has brought a delegation of 17 leading Indian jewellery manufacturers to Paris for an intensive three-day programme aimed at building business, design collaboration, and long-term partnerships with French buyers, retailers, designers, and luxury brands.The delegationwas led by Shaunak Parikh Vice Chairman, GJEPC
The strategic trade mission comes as India’s gem and jewellery exports to France surged 19.72% year-on-year, reaching US$ 478.78 million in FY 2025–26 (up from US$ 399.93 million in FY 2024–25). Key drivers of this growth include:
- Gold Jewellery Exports: US$ 159.53 million (+18.69%)
- Cut & Polished Diamonds: US$ 204.07 million (+4.69%)
Despite rapid growth, India currently holds a 3.8% share of France’s total US$ 12.61 billion gem and jewellery import market, highlighting significant untapped potential for Indian exporters.
Strategic Briefing at the Embassy of India
The delegation’s engagement commenced on 13 October with an expert briefing at the Embassy of India in Paris on “The French Market & the Marketing of Desirability.” The session focused on French consumer trends, luxury brand positioning, sustainability, and market entry strategies. Key insights were delivered by:
- Anish Kumar Singh, GJEPC Representative for France & Founder, Bhartiya Paris Club
- Dr. Marta Marcheva, Executive Director, Institut Sup de Luxe
- Céline Dassonville, CEO, ethiwork
The three-day initiative includes market visits, knowledge sessions, and high-level networking, culminating in an exclusive Buyer-Seller Meet (BSM) on 15 October 2026 at the Marriott Champs-Élysées, Paris.
Participating Indian Companies
The 17 Indian manufacturers representing the country’s high-end craftsmanship and design capabilities are: Asian Star Co. Ltd, DNJ Creation LLP, Fine Jewellery Manufacturing Ltd, Goldstar Jewellery Pvt. Ltd., KGK Creations (India) Pvt. Ltd., Malya Jewel Craft, Neysa Jewellery Ltd, NTS Navrattan Jewellers Pvt. Ltd., Patdiam Jewelry Ltd, Priority Jewels Ltd, Renaissance Global Ltd, S. Vinod Kumar Diamonds Pvt. Ltd., Sunjewels Pvt. Ltd., Supergems Jewellery, Tanvirkumar & Company, UniDesign Jewel, and Walking Tree Atelier Pvt. Ltd.
Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
First time In India, Golu Showcase Made Entirely Of Silver and Gold At Challani House Of Silver
MMTC-PAMP Unveils Jyoti 2gm Gold Coin, Celebrating The Spirit Of Dhanteras and Diwali
First time In India, Golu Showcase Made Entirely Of Silver and Gold At Challani House Of Silver
Make Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
GIA Board Of Governors In India To Discuss Industry Priorities and Expand Grading Services Scope
-
National News20 hours agoFirst time In India, Golu Showcase Made Entirely Of Silver and Gold At Challani House Of Silver
-
National News19 hours agoMake Karwa Chauth Special With Palmonas 9KT Gold Mangalsutra Collection
-
ShowBuzz22 hours agoGIA Board Of Governors In India To Discuss Industry Priorities and Expand Grading Services Scope
-
National News21 hours agoMMTC-PAMP Unveils Jyoti 2gm Gold Coin, Celebrating The Spirit Of Dhanteras and Diwali
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.