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What is the story about?
Gold and silver prices surged in early trade in India on Monday, January 5, as markets reacted to geopolitical tensions after the United States captured Venezuelan President Nicolas Maduro over the weekend.
Safe-haven demand boosted bullion, with traders factoring in potential disruptions to global supply chains.
On the Multi Commodity Exchange (MCX), February gold futures rose 1.5% to ₹1.37 lakh per 10 grams, while March silver futures jumped 4.3% to ₹2.46 lakh per kg. Silver prices reached an intraday high of ₹2.49 lakh per kg, up nearly ₹13,500 from Friday’s close of ₹2.36 lakh per kg.
Despite the gains, both metals remain below their all-time highs of ₹1.40 lakh per 10 grams for gold and ₹2.54 lakh per kg for silver, touched in December 2025.
Experts said markets were factoring in potential supply constraints from other major silver exporters, including Peru and Chad. Internationally, silver opened with an upside gap, climbing to $75.968 per ounce, nearly a 6% gain from the previous close.
“Gold prices are likely to remain volatile this week as bullish and bearish factors coexist,” said Prathamesh Mallya, DVP – Research (Non-Agri Commodities and Currencies), Angel One.
He added that year-end profit booking and thin liquidity contributed to last week’s price correction.
Pankaj Singh, founder and principal researcher at Smart Wealth AI, said gold’s ability to hold near $4,300 an ounce globally reflects ongoing investor caution amid a softening US inflation backdrop.
Looking ahead, analysts said gold could rise 10–60% in 2026, though interim corrections of up to 20% are possible. Silver carries 5–30% downside risk, but tight supply and rising industrial demand could push prices up to 40% from current levels. Investors will continue monitoring US economic data, Federal Reserve signals, and geopolitical developments, which are likely to keep market volatility elevated.
-With agencies inputs
Safe-haven demand boosted bullion, with traders factoring in potential disruptions to global supply chains.
On the Multi Commodity Exchange (MCX), February gold futures rose 1.5% to ₹1.37 lakh per 10 grams, while March silver futures jumped 4.3% to ₹2.46 lakh per kg. Silver prices reached an intraday high of ₹2.49 lakh per kg, up nearly ₹13,500 from Friday’s close of ₹2.36 lakh per kg.
Despite the gains, both metals remain below their all-time highs of ₹1.40 lakh per 10 grams for gold and ₹2.54 lakh per kg for silver, touched in December 2025.
Experts said markets were factoring in potential supply constraints from other major silver exporters, including Peru and Chad. Internationally, silver opened with an upside gap, climbing to $75.968 per ounce, nearly a 6% gain from the previous close.
“Gold prices are likely to remain volatile this week as bullish and bearish factors coexist,” said Prathamesh Mallya, DVP – Research (Non-Agri Commodities and Currencies), Angel One.
He added that year-end profit booking and thin liquidity contributed to last week’s price correction.
Pankaj Singh, founder and principal researcher at Smart Wealth AI, said gold’s ability to hold near $4,300 an ounce globally reflects ongoing investor caution amid a softening US inflation backdrop.
Looking ahead, analysts said gold could rise 10–60% in 2026, though interim corrections of up to 20% are possible. Silver carries 5–30% downside risk, but tight supply and rising industrial demand could push prices up to 40% from current levels. Investors will continue monitoring US economic data, Federal Reserve signals, and geopolitical developments, which are likely to keep market volatility elevated.
-With agencies inputs
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