Fundamental News and Triggers
Gold crosses Rs 1.80 lakh and silver breaks Rs 4 lakh mark as uncertainties mount
- Gold’s surge beyond $5,600 (₹1,80,000) and silver’s breakout above ₹4,00,000/kg reflect a deepening macro and geopolitical risk premium rather than short-term speculation.
- Rising geopolitical tensions added to market anxiety after U.S. President Donald Trump urged Iran to return to negotiations on its nuclear programme, warning that any future U.S. military action would be far more severe. Iran responded sharply, threatening retaliation against the U.S., Israel, and their allies. This exchange has heightened fears of a broader regional escalation in the Middle East, reinforcing risk-off sentiment across global markets and strengthening safe-haven demand for assets such as gold and silver.
- While the Fed held rates steady, its acknowledgement of elevated inflation and an uncertain outlook continue to cap real yields, supporting precious metals. Gold is increasingly viewed not just as a crisis hedge, but as a neutral, reliable store of value across macro regimes
- Additional support came from strong central-bank buying, sustained ETF inflows, and diversification-driven allocations, including plans by crypto major Tether to invest in physical gold by 10-15%.
Technical Triggers
- Gold: Sustaining above $5600 (₹1,87,000) opens the door to $5800–6000 (₹1,87,000–1,95,000). Strong support at $5200–20 (₹1,60,000); a break could trigger profit-booking toward $5000–$4750.
- Silver: A decisive move above $118 (₹4,05,000) targets $125–130 (₹4,30,000–4,50,000). Key support lies at $110 (₹3,75,000), below which prices may retrace to $103–98.
Disclaimer: This report contains the opinion of the author, which is not to be construed as investment advice. The author, directors, and other employees of Augmont Enterprise Private Ltd. and its affiliates cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. The above-mentioned opinions are based on information that is believed to be accurate, and no assurance can be given for the accuracy of the information. The author, directors, other employees, and any affiliates of Augmont Enterprise Private Ltd. cannot be held responsible for any losses in trading. In no event should the content of this research report be construed as an express or implied promise, guarantee, or implication by or from Augmont Enterprise Private Ltd. that the reader or client will profit or that the losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. The information provided in this report is intended solely for informative purposes and is obtained from sources believed to be reliable. The information contained in this report is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. We do not offer any sort of portfolio advisory, portfolio management, or investment advisory services. The reports are only for information purposes and are not to be construed as investment advice.
