Image Source : Bharat Express
Gold and silver prices spiked sharply on January 5, 2026, as investors flocked to safe-haven assets following heightened geopolitical tensions after the U.S. captured Venezuelan President Nicolás Maduro. MCX gold futures rose 1.47% to ₹1,37,750 per 10 grams, while silver futures jumped 2.92% to ₹2,43,223 per kg, reflecting global uncertainty.
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Precious metals rallied strongly at the start of the week, underscoring their role as safe-haven assets during geopolitical turmoil. The U.S. capture of Venezuelan President Nicolás Maduro triggered a surge in demand for gold and silver, with investors hedging against potential risks to global stability and supply chains.
Key Highlights
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Gold Prices: MCX February futures climbed 1.47% to ₹1,37,750 per 10 grams; spot gold rose 1.5% to $4,395.35 per ounce.
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Silver Prices: MCX March futures advanced 2.92% to ₹2,43,223 per kg, touching intraday highs near ₹2,49,000.
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Global Context: The geopolitical shock in Venezuela added to existing drivers, including expectations of U.S. interest rate cuts.
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Investor Sentiment: Safe haven demand surged as traders sought protection against volatility in equities and currencies.
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Market Outlook: Analysts suggest bullion may remain elevated if geopolitical risks persist, though prices are still below December 2025 record highs.
Sources: The Hans India, BusinessWorld, Moneycontrol, Bloomberg, Firstpost.
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