US EditionGold, Silver Prices Surge as US-Venezuela Conflict Boosts Safe-Haven Appeal
Gold rose 1.03% and silver 1.07% as investors sought safe havens amid US-Venezuela tensions and China’s export rules, with futures surging notably on Indian and global exchanges.
- On Tuesday, January 6, 2026, MCX futures surged as February 5 gold opened with a Rs 546 gain at Rs 1,38,300, reaching Rs 1,38,776 later.
- Escalating tensions after the reported capture of President Nicolás Maduro pushed investors toward safe-haven metals, while BMI warned the US's assertive policy will heighten geopolitical risk in 2026.
- Global spot benchmarks showed strong moves, with spot gold up 2% to about $4,415 and spot silver surging $75.19 per ounce, with some trades jumping around 6% intraday.
- India Bullion and Jewellers Association reported gold at Rs 1,36,168 on Monday and silver at Rs 2,37,063 per kg, reflecting higher domestic consumer rates.
- The CME Group tightened margin requirements last month, raising silver futures to $32,500 from $25,000, while China's silver export restrictions by January 1 amplified recent price swings.
14 Articles
14 Articles
Gold, silver surge on MCX as Venezuela unrest fuels safe-haven demand | Check city-wise rates
Rates of precious metals in futures trade continued to surge on Tuesday, January 6, 2026, as heightened political turmoil in Venezuela and rising geopolitical tensions involving the US and Latin American nations have fueled safe-haven demand. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a gain of Rs 546 at Rs 1,38,300 per 10 grams against the previous close of Rs 1,38,120. It gained further, reaching a high of R…
Gold, silver and the defence sector are also galvanized by US intervention in Venezuela.
Gold, silver prices surge as US-Venezuela conflict boosts safe-haven appeal
The gold (999 purity) ended at Rs 1,36,168 per 10 gram on Monday, compared to the previous closing of Rs 1,34,782 per 10 gram. Silver (999 purity) closed at Rs 2,37,063 per kilogram on Monday, compared to a close of Rs 2,34,550 per kg on January 2.
Gold Silver Price Today, January 5, 2026: 22-carat gold surpassed ₹1.24 lakh per 10 grams, and silver prices also rose. Check the latest IBJA gold and silver rates.
US stock markets are showing their usual indifference to geopolitical threats. But gold and silver prices have jumped as the Venezuelan crisis and US threats to "take" Greenland have added to the mix.
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