International News
Vicenza Expo Centre’s expansion is progressing
The new heart of Italian Exhibition Group’s (IEG) Expo Centre in Vicenza is starting to take shape. Six months after laying the foundation stone, the construction site is now displaying the first outer walls of the 22,000-square-metre two-level building, designed by pre-eminent architect Volkwin Marg from Hamburg-based Studio GMP. The timeline set by IEG for the development work at its Vicenza premises is progressing perfectly to schedule in accordance with the announced timetable and is preparing to enter a new phase: by the end of June, assembly work on the impressive prefabricated body, which will be positioned inside the outer walls currently under construction and already partly visible, will begin.
At the September 2025 edition of Vicenzaoro, buyers and exhibitors will see further progress in the architectural work, while construction will continue alongside the event with no interference whatsoever, just as at the last two editions.
In conjunction with Vicenzaoro September 2025, the entire outer shell will be practically complete. The outer walls will have been finished and the prefabricated building will be nearing completion. The latter will be an imposing architectural structure that will significantly change the area’s look. By that time, visitors and stakeholders will be able to see the potential of a fully renovated Expo Centre.»
In the months following the next edition of IEG’s leading international gold and jewellery trade show, work will continue with plant engineering installations and finishing works. In accordance with the announced time schedule, the works are expected to be complete by the end of next spring in time to assemble the fittings and guarantee the full use of the new exhibition areas for Vicenzaoro September 2026.
International News
Precious Metals Surge On Ceasefire Optimism AUGMONT BULLION REPORT
Geopolitical Optimism and Macro Shifts Drive Bullish Momentum
Safe-Haven Dynamics – Gold is expected to gain 1% and Silver 4% this week, marking a fourth straight weekly increase. This rise is driven by improving prospects of a permanent US-Iran ceasefire, which has reduced inflation concerns and lowered expectations of further central bank rate hikes.
- Geopolitical Developments– President Trump stated that Iran has agreed to key conditions: abandoning its nuclear weapons program, providing “free oil,” and keeping the Strait of Hormuz open. However, Iranian officials have not yet confirmed these terms. Separately, Israel’s cabinet convened on Wednesday to evaluate a potential ceasefire in Lebanon, over six weeks into its ongoing conflict with Iran-backed Hezbollah.
- Macro-economic Signals – Oil prices have dropped sharply on optimism surrounding a possible Iran deal, easing inflationary pressure, and reducing rate hike expectations. US traders currently assign a 29% probability to a 25-basis-point rate cut this year – a significant downward revision from earlier forecasts of two cuts before the conflict began.
Technical Triggers
- If Gold sustains above $4,850 (~ Rs. 1,55,000), the next upside resistance would be $5,000 (~ Rs. 1,60,000).
- As suggested earlier, Silver has given a breakout above $76.50 (~ Rs. 2,44,000), the next resistance would be $82 (~ Rs. 2,57,000) and $87 (~ Rs. 2,65,000) on continued strength.
Support and Resistance
| International Gold Support Level International Gold Resistance Level Domestic Gold Support Level Domestic Gold Resistance Level | : $4600/oz : $5000/oz : Rs 153,000/10 gm : Rs 160,000/10 gm |
| International Silver Support Level International Silver Resistance Level Domestic Silver Support Level Domestic Silver Resistance Level | : $70/oz : $82/oz : Rs 225,000/kg : Rs 257,000/kg |
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