GJ Town India

  The markets could be jolted by implied bond volatility    Recently World Gold Council [WGC] published their report, Gold Market Commentary: Positioning revisited! Key focal points said, Gold drags itself higher! Gold prices edged up 0.3% to finish July at US$3,299/oz. A stronger US dollar contributed to positive returns in all major currencies. Year-to-date, gold remains up 26%.    Our Gold Return Attribution Model (GRAM) suggests a positive contribution from a rise in inflation expectations and tariff tensions via our geopolitical risk metric (both Risk and Uncertainty factors). Momentum factors also contributed positively, while a stronger US dollar proved a heavy drag on returns in July.    Gold ETF inflows of US$3.2bn (23t) were split almost equally between North America (US$1.4bn, 12t) and Europe (US$1.7bn, 11t), while Asia slightly increased (US$0.1bn,0.8t) and other gold ETFs (-US$0.1bn, -1t) experienced mild outflows. COMEX manage...

  Gold has recovered, Silver touched new record highs   As investors prepared for US trade-related developments, markets took a cautious approach last week. Following a brief decline below $3300, gold has recovered, and Silver has touched new record highs , Dr. Renisha Chainani, Head- Research, Augmont said, Bullion continues strong momentum as Trump imposes New Tariffs in the Weekly Blog for the period of 7 July to 11 July.   Trump said on Tuesday & reaffirmed his warning on Wednesday to impose additional tariffs on BRICS nations and released a fresh series of letters outlining duty rates of 20%–30% on smaller trading partners like the Philippines, Algeria, and Libya.   In the meantime, the minutes of the Federal Reserve's June policy meeting revealed that the majority of members projected a rate reduction later this year, with any tariff-related price increase being temporary or modest. Over the weekend, US President Donald Trump announced that an ...

  Uncertainty in trade policy that pushed up silver   Augmont Bullion presented their daily analysis and technical price front during the week [7 to 11 July]. Well until they talk about gold and the related trend yet, on the 11 July, they suggested, silver trades at a 14-year high on trade policy uncertainty!    Further Augmont viewed, due to trade policy uncertainties, silver has hit a 14-year high on global markets and a lifetime high on domestic markets, with a breakout trading above $37.5 (~Rs 110,000). In the face of growing trade tensions, demand for safe-haven assets drove gold's price up to about $3340 (~Rs 97000).    President Donald Trump indicated plans to impose blanket tariffs of 15–20% on the majority of foreign trading partners and declared a 35% tariff on Canadian goods beginning August 1. Additionally, President Trump announced this week in a letter to Brazil that the nation will be subject to a 50% duty on commodities imported ...

  The price of gold has lost some of its appeal   Dr. Renisha Chainani, Head- Research, Augmont - Gold for all said in the weekly Blog that, Gold loses lustre on optimism over US trade deals! The price of gold has lost some of its appeal , dropping 3% last week [June 23-28] as investors' optimism about the state of the world economy grows.    Investors applauded the news of the US trade agreement with China, as well as those with the EU, South Korea, and Vietnam. The move away from safe havens coincides with a period of de-escalating global tensions on all fronts: war worries are subsiding; tariffs have reached a standstill and are still in the grace period before being considered once more. Iran has demonstrated flexibility and a preference for diplomacy in geopolitics, as seen by its UN representative's statement that Tehran is amenable to establishing a regional nuclear consortium should an agreement be reached with Washington. The likelihood that the Israel-...

  Gold holds key support in record year!    Jordan Eliseo, GM- ABC Bullion Australia said, Gold holds key support in record year for precious metals! Gold prices held above key support this week -23 June to 27 June, 2025, after a brief but notable sell-off driven by market perceptions that the recent hostilities in the Middle East will not meaningfully escalate.    Last trading at USD $3,326 and AUD $5,082 per troy ounce (oz), gold is on track to deliver one of its strongest financial year gains on record, with the price up by 42% (in USD terms) and 45% (in AUD terms) since 30th June 2024. Silver is also on track to record one of its strongest years, last trading at USD $36.83oz and AUD $56.27oz, with silver rallying by 25% (in USD terms) and 28% (in AUD terms) since the end of the last financial year. Despite the strong gains over the past twelve months, and the various catalysts driving precious metal demand, there seems little sign of euphoria in pre...

Metals markets consolidate for most of May after record surge   In the market report, ABC Bullion said, precious metal markets were in consolidation mode for most of May, with gold ending the month largely unchanged, after trading in a range between USD $3,400 and USD $3,100 per troy ounce (oz). Silver was likewise steady over May as a whole, last trading just above USD $33oz, while in local currency terms it looks like ending the month just above AUD $52oz.   The sideways trade seen across the month represents a much-needed period of calm for both gold and silver, with both metals seeing one of their strongest starts to the year on record between January and late April for gold, with silver peaking earlier.   The surge in metal prices in early 2025 was driven by multiple factors, including renewed volatility in risk assets both leading into and in the aftermath of the Trump administration's liberation day, tariff announcements, and the return to monetary eas...

  An opportunity for buyers to secure investments ahead of festive   At the moment when gold price reached ₹10,000 per gram for 24K, All India Gem and Jewellery Domestic Council (GJC), issued their optimistic note on Monday, 23 April, as gold has become a dearer for any good investment portfolio.   At the juncture, Rajesh Rokde, Chairman-All India Gem and Jewellery Domestic Council (GJC) said, Gold prices in Mumbai are soaring, with 24K gold at ₹10,000 per gram and 22K gold at ₹9,290 per gram. Predictions for gold to reach $4000 globally highlight sustained demand driven by investment buying and government interest.  Temporary corrections and profit booking have occurred but haven’t slowed the bullish momentum. India’s gold imports climbed to 802 tonnes in 2024 from 741 tonnes in 2023, reflecting strong market activity despite occasional dips. Jewellers are enticing customers with attractive offers, especially during the wedding season and ahead of Akshaya Tr...

  Gold crossed in intra-day trading on Friday, 14 March   “Gold crossed US$3,000/oz in intra-day trading during the early hours of Friday 14 March and then again on Monday 17 March. While the LBMA Gold Price PM hasn’t officially crossed the mark, setting at US$2,996.50/oz on Monday, it has nonetheless grabbed the attention of investors and media outlets around the world, triggering a myriad of questions about its significance” Taylor Burnette, Research Lead, Americas-World Gold Council (WGC).   According to Dr. Renisha Chainani, Head - Research at Augmont as said in the Augmont Bullion Daily Report for March 18, “Gold continues its winning streak! Gold maintains its winning streak above $3025 (~Rs 88500) as Trump's tariffs are projected to exacerbate inflation and economic turmoil. Trump said he would hold Iran accountable for any strikes carried out by the Houthi group it supports in Yemen, as his administration escalated the largest US military operation in the Middle ...

  The Bullion Market witnesses all time high price in Gold   Recently, the gold & jewellery market witnessed all time high price in Gold. In the row, Rajesh Rokde, Chairman - All India Gem and Jewellery Domestic Council (GJC) said, “The all-time high price for gold was nearly $2,000 per ounce in 2011. However, if we adjust for inflation, the highest price of gold was actually $2,845.81 per ounce, which is the current price as of February 5, 2025.   To give you a better idea, here are some key milestones in gold prices, 1: 2025: $2,845.81 per ounce (as of February 5, 2025), 2: 2011: nearly $2,000 per ounce & 3: 1980: $850 per ounce (not adjusted for inflation).   Keep in mind that gold prices can fluctuate rapidly due to various market and economic factors. If you're interested in investing in gold or tracking its price, I recommend checking reliable sources like Macro trends for the latest updates."   Avinash Gupta, Vice Chairman – GJC sa...

The correction is better as India enters the wedding season   Recently Colin Shah, MD, Kama Jewelry casted his observation, ‘Gold Prices Correcting By 1% in Global & Domestic Markets and Outlook!’   ”This correction in the gold rate is largely influenced by the rally in the US Dollar Index, taking the prices downwards. Along with this, the chances of Fed going for another rate cut has dimmed, which has given further support to the US Dollar Index, thereby negatively affecting gold prices Domestically, the correction is here for the better as India enters the wedding season, one of the two biggest gold-buying seasons in the country. Given the sentimental value attached to the yellow metal, price factor plays a minimal role in influencing the buyer's decision, keeping the overall demand robust.    Going ahead, gold prices are likely to stay volatile for the short term and will be majorly guided by the movement in USD and Fed's take on further rate cuts in t...