US-Venezuela Tensions Skyrocket Gold, Silver Prices; Safe-Haven Demand Surges

• Gold and silver prices surged due to escalating US-Venezuela geopolitical tensions on January 5.
• US reportedly apprehended Venezuelan President Nicolas Maduro, increasing market uncertainty.
• Gold rose ₹2,000 to ₹1,37,821/10 grams; Silver jumped ₹8,000 to ₹2,44,362/kg on MCX.
• International markets saw silver up 7% to $75/ounce and gold up 2.38% to $4,435/ounce.
• Experts predict continued strong demand for gold, with silver's industrial demand potentially driving prices up 40%.

Why It Matters: US-Venezuela tensions caused gold and silver prices to surge as investors sought safe-haven assets.