US-Venezuela Tensions Fuel Gold, Silver Price Surge in India

• Gold and silver prices soared in India on January 5, driven by safe-haven demand amid US-Venezuela geopolitical tensions.
• MCX February gold futures rose 1.5% to ₹1.37 lakh/10g, while March silver futures climbed 4.3% to ₹2.46 lakh/kg.
• Experts attribute the surge to potential supply disruptions from major silver exporters like Peru and Chad, with international silver up 6%.
• Analysts predict gold could rise 10-60% by 2026, while silver, despite short-term risks, may see a 40% increase due to demand and low supply.
• Investors are advised to monitor US economic data, Federal Reserve signals, and ongoing geopolitical developments for market volatility.

Why It Matters: Geopolitical tensions between the US and Venezuela are driving a significant surge in gold and silver prices in India.