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Augmont Enterprises Pvt Ltd is a leading company in India which deals in bullion, specializing in bars and coins of various precious metals like Gold, Silver and Platinum. Being a company which facilitates investment in precious metals, RSBL endeavors to combine our technical and market experience with hard work and dedication to provide our clients the ability to make informed investment decisions. Founded in 1994, RSBL is proud of holding the largest variety of bullions and coins across India. Our commitment to excellence in customer service is evident in all facets of our business. RSBL's success is based on customer trust and respect backed by our highly valued staff and best quality products with most modern trading mechanisms. RSBL's dedication to continuous improvements enables us to meet the exacting requirements of our customers. This bond of trust has helped RSBL attain significant feats.

BLOG

Bullion Outlook for 2021

Posted on Jan 04, 2021 at 12:00 am

After years of lying dormant, the gold and silver prices finally reacted in a big way in 2020.Traditionally seen as a safe place to store money, gold began to rise as economic growth slowed in 2019, but the pandemic accelerated the rally and in August prices hit a record high of $2072/oz (Rs 56000/10 gm) and Silver touched levels around $30/oz (Rs 78000/kg).


Us stimulus talks and brexit deal in focus

Posted on Dec 19, 2020 at 12:00 am


Gold Loses Bullish Momentum Ahead of Next Week’s Key Events

Posted on Dec 12, 2020 at 12:00 am

Gold struggled to preserve its bullish momentum this week. Brexit and US stimulus uncertainty balanced out coronavirus vaccine optimism. A daily close below Rs 48700 could open the door for more losses, while interim resistance is Rs 49700-800.


Gold could rebound to 50000 with a break above 49400

Posted on Dec 05, 2020 at 12:00 am

The market mood remained upbeat at the start of this week after the data from China showed that the business activity in both the manufacturing and the service sectors continued to expand at a robust pace in November. Furthermore, heightened hopes for a UK-EU trade deal and coronavirus vaccine optimism allowed risk flows to dominate the financial markets. The precious metal struggled to find demand on Monday and prices touched its lowest level since late June at Rs 47500/10 gm.


Brexit Deadline, Powell Testimony And Nonfarm Payroll Data To Decide Gold’s Fate In December

Posted on Nov 28, 2020 at 12:00 am

As usual, a number of deadlines for the BREXIT negotiations have elapsed during the last few weeks without this having any impact. The EU chief negotiator, Barnier, had first mentioned the end of October as the deadline for concluding negotiations, as national parliaments needed time to ratify any agreement. British Prime Minister Johnson countered with an even tighter deadline, saying that further negotiations would make little sense after the EU summit in mid-October. Then the EU summit on November 18 was mentioned as the absolute last date for an agreement. Now, one week later and only five weeks before the last deadline – December 31 – negotiations are continuing


Diwali Gold-Buying Frenzy Missing On Key Day For Indian Demand

Posted on Nov 21, 2020 at 12:00 am

India’s gold shopping peak typically comes ahead of Diwali, or the Festival of Lights that was celebrated last Saturday by Indians. Gold jewelry stores in India this year were less busy on the most auspicious day to buy the precious metal as higher prices and the impact of the coronavirus on incomes and fears of the pandemic kept consumers away.


Will Gold Continue its Upward Trajectory Till Next Diwali?

Posted on Nov 14, 2020 at 12:00 am

Gold is the only asset class that had an exciting year. It’s seen its value soar to an all-time high in August. After hitting an all-time high above Rs 58,000/ 10 gm, gold has managed to hold critical support around Rs 50,000/10 gm. This is an indication of underlying strength in the marketplace.

We advise to buy Gold and Silver this Diwali in any form,

A) Investible Jewellery through our Mobile App and Channel Partner Stores
B) Physical bars and coins through SPOT Platform
C) Digitally through Augmont DigiGold through Website and Mobile Application


Gold physical demand plunges as covid crises bites

Posted on Nov 02, 2020 at 12:00 am

The calendar year 2020 (CY20) may well turn out to be the worst year for gold demand in India since 1995 if the current trends are extrapolated to full-year forecasts. According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as compared to 496 tonnes in the same period last year. Even if October – December 2019 (Q4CY19) demand of 194 tonnes is added to the CY20 demand till now, the total demand for CY20 will be lower compared to CY19 total demand of 696 tonnes.


How Would U.S. Elections Impact Gold Prices

Posted on Oct 26, 2020 at 12:00 am

Gold has been a phenomenal investment this year, protecting savers' nest eggs by making strong returns. But more recently the price has started to decline, leaving owners bemused on whether to stick or switch. The precious metal's price has risen 22% thus far in 2020 and has been one of the best places to hold your cash. This is simply an attempt to forecast what market participants might see if Joe Biden is elected as the next president of the United States.


Us Elections, Monetary Easing and Supply Supporting Gold

Posted on Oct 20, 2020 at 12:00 am

The price of an ounce of gold peaked at a record $2075 an ounce in August but has since slipped back, trading at $1900 an ounce in mid-October. The market consensus is that a Biden win would hit markets, as investors react negatively to a tougher tax and regulatory agenda. That would lead to a spike in gold prices. However, we think a gold price surge on a Biden presidential victory and a Democrat win in Congress could be temporary, as expected government stimulus spending would boost growth.