Gold Price Surges 1.5% After U.S. Military Strike on Venezuela

On Monday, January 5, 2026, the gold prices rushed across the international bullion market after the U.S. launched a major military action against Venezuela. In this situation, the investors were drawn to gold as a safe investment option. On Saturday, in this military action, the U.S. officials captured the president of Venezuela, Nicolas Maduro and his wife. This operation has raised concerns worldwide, as it can result in increasing geopolitical tensions, which will eventually lead to even higher gold prices. Traders wasted no time, flocking to the yellow metal amid uncertainty.

In early morning trading, the yellow metal, gold, opened with a sharp 1.5% hike at Rs 1,37,750 per 10 grams on India's MCX (Multi Commodity Exchange), based on exchange records. However, even with this jump, so far this year, prices sit below the all-time high of Rs 1,40,465 per 10 grams, which was recorded in December 2025. Now, more investors see gold as a smart investment bet right now, especially with increasing global risks.

Silver Prices Climb Steadily Today

At the same time, silver prices held firm too, with March futures up 3% at Rs 2,46,380 per kg on MCX by 1428 IST. Local silver rates in India are often tracked by worldwide market trends, which can move either way.

In addition to this, due to the changes that are happening in the value of the Indian currency, the Rupee, compared to the U.S. dollar, the value of silver in India is highly affected. The silver prices in India usually go up when the Rupee weakens compared to the dollar, while the international prices are still stable.

Must Read: Expected Gold Rate in 2026 in India: Market Prediction

On Monday, the price of 24-carat gold in India increased by Rs 1,580 per 10 grams, reaching Rs 1,37,400. People also saw a rise in 22-carat gold prices, which are now at Rs 1,25,950 per 10 grams, up from Rs 1,450. The same happened with 18-carat gold also. The prices for 18-carat gold increased by Rs 1,180, so now it is valued at Rs 1,03,050 per 10 grams.

After being unaffected the day before Monday, the silver prices in India increased. On Monday, January 5, 2026, the silver rates surged up to Rs 2,47,000 per kg, rising by Rs 6000. The rates of 100 grams reached Rs 24,700, increasing by Rs 600.

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Gold and Silver Rates Across Major Cities

In India, the gold prices have increased in cities for both 22 carat and 24 carat gold. According to Good Returns data, the following are the gold prices in some of the major cities for 10 grams:

These changes show how quickly the market reacts to events like the U.S.-Venezuela strike, making gold prices a key topic for investors following MCX updates and seeking safe investments.

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