US-Venezuela Conflict: Gold, Silver Prices Jump In India On MCX, Check City-Wise Rates

US-Venezuela Conflict, Gold and Silver Rates Today, January 05: Gold and silver prices jumped sharply on Monday, January 05, amid the geopolitical escalation between the US and Venezuela triggered by the capture

of Venezuelan President Nicolás Maduro and his wife from their house by the US military.

In Delhi, the price of 24-carat gold stood at Rs 1,37,550 per 10 grams, while 22k gold was available at Rs 1,26,100 per 10 grams. These rates do not include GST and making charges.

Silver was available at Rs 2,47,000 per kg in the spot market.

On MCX, gold future with expiry in February gained 1.12 per cent to Rs 1,37,281 per 10 grams. Meanwhile, silver futures with expiry in March zoomed almost 3 per cent to Rs 2,43,181 per kg.

Silver was trading at $75 per ounce at the International spot market, while gold traded at $4,401 per ounce with a gain of 1.91 per cent.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 05?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,26,100	Rs 1,37,550
Jaipur	Rs 1,26,100	Rs 1,37,550
Ahmedabad	Rs 1,26,000	Rs 1,37,450
Pune	Rs 1,26,000	Rs 1,37,450
Mumbai	Rs 1,25,950	Rs 1,37,400
Hyderabad	Rs 1,25,950	Rs 1,37,400
Chennai	Rs 1,23,490	Rs 1,37,400
Bengaluru	Rs 1,25,950	Rs 1,37,400
Kolkata	Rs 1,25,950	Rs 1,37,400

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.