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US private sector layoffs rise to a two-decade high AUGMONT BULLION REPORT

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  • 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

CategorySupport LevelResistance 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
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Georgina Rodríguez’s $55 Million Diamond Moment at Her Wedding to Cristiano Ronaldo

The bride wore more than 250 carats of Chopard diamonds, including a spectacular 50-carat Garden of Kalahari centerpiece created from the legendary Queen of Kalahari rough

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Georgina Rodríguez brought extraordinary jewellery glamour to her intimate wedding with football superstar Cristiano Ronaldo, wearing more than 250 carats of Chopard diamonds estimated by Page Six Style at up to $55 million.

The couple married on August 11, 2026, in an intimate ceremony at their home in Cascais, Portugal, surrounded by their five children. The date also marked 10 years since Rodríguez and Ronaldo first met at a Gucci store in Madrid. Despite the understated setting and simple Gucci attire, Rodríguez’s jewellery brought a spectacular dose of high jewellery to the occasion.

The centrepiece of her bridal jewellery was Chopard’s Garden of Kalahari necklace, featuring an exceptional 50-carat D-flawless brilliant-cut diamond surrounded by more than 146 carats of additional diamonds. The necklace was complemented by detachable pieces featuring a 25-carat pear-shaped diamond and a 26-carat heart-shaped diamond, which Rodríguez wore as earrings. She also added a Chopard bracelet and diamond rings, alongside her engagement ring.

The Garden of Kalahari collection has an extraordinary origin story. It was created from the 342-carat Queen of Kalahari, an exceptionally rare rough diamond discovered at the Karowe mine in Botswana. Chopard transformed the rough into 23 diamonds, including five stones weighing more than 20 carats, which became the foundation for six high-jewellery creations.

Among these stones is the collection’s iconic 50-carat brilliant-cut diamond, designed as the centre of a sunflower-inspired jewel. Other major stones include a 26-carat heart-shaped diamond, a 25-carat pear-shaped diamond, a 21-carat emerald-cut diamond and a 20-carat cushion-cut diamond.

The Garden of Kalahari jewels have already made a high-profile appearance: the 50-carat necklace was previously worn by Beyoncé at the 2025 Met Gala, further cementing its status among the world’s most remarkable contemporary high-jewellery pieces.

While published estimates of the jewellery’s value vary, with some reports putting the complete ensemble substantially higher, $55 million is the widely cited estimate for the jewellery Rodríguez wore for the wedding. The figure underscores the extraordinary rarity and scale of the diamonds, even as the couple chose an intentionally private and intimate wedding celebration.

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