Gold prices jump 1.5% after U.S. carries out military action against Venezuela
ADVERTISEMENT
Gold prices surged in the international bullion market on Monday as investors rushed to the safe-haven asset after the US carried out large-scale military action against Venezuela and captured Venezuelan President Nicolas Maduro and his wife on Saturday, amid expectations of further gains driven by escalating geopolitical tensions.
In early morning trade, the yellow metal opened higher by 1.5% at ₹1,37,750 per 10 grams on the Multi Commodity Exchange of India (MCX), according to exchange data. However, so far this year, gold remains below their record high of ₹1,40,465 per 10 grams, which was recorded in December 2025. Investors are now increasingly looking at gold as an important investment.
Silver rates remain buoyant in today's trade
On the other hand, at 1428 IST, silver prices March futures were up 3 per cent ₹2,46,380 per kg in the MCX. Silver prices in India are largely driven by global market trends, which can move either way. In addition, they are influenced by fluctuations in the rupee against the US dollar. If the rupee weakens while international prices remain stable, silver prices in India tend to rise.
January 2026
Netflix, which has been in India for a decade, has successfully struck a balance between high-class premium content and pricing that attracts a range of customers. Find out how the U.S. streaming giant evolved in India, plus an exclusive interview with CEO Ted Sarandos. Also read about the Best Investments for 2026, and how rising growth and easing inflation will come in handy for finance minister Nirmala Sitharaman as she prepares Budget 2026.
As of Monday, 24-carat gold prices in India climbed by ₹1,580 per 10 grams to ₹1,37,400. Meanwhile, 22-carat gold surged by ₹1,450 per 10 grams to ₹1,25,950. Similarly, 18-carat gold prices rose by ₹1,180 to Rs 1,03,050 per 10 grams.
Silver prices in India also moved higher after remaining stable a day earlier. On Monday, silver rose by ₹6,000 to ₹2,47,000 per kilogram while prices for 100 grams increased by ₹600 to ₹24,700.
City-wise gold prices in line with national rally
Gold prices for both 22-carat and 24-carat purity in major Indian cities are broadly in line with the national rates today.
In Chennai, 24-carat gold is priced at ₹1,38,330 per 10 grams while 22-carat gold stands at ₹1,26,800 per 10 grams. In Bengaluru, the 22-carat gold rate is ₹1,25,950 per 10 grams, and 24-carat gold is priced at ₹1,37,400 per 10 grams, according to good returns.
Similarly, in Hyderabad, 22-carat gold is available at ₹1,25,950 per 10 grams while 24-carat gold costs ₹1,37,400 per 10 grams. In Mumbai, 22-carat gold is priced at ₹1,25,950 per 10 grams, and 24-carat gold stands at ₹1,37,400 per 10 grams.