By Admin 
Gold-Silver Price: People are already worried about the rising prices of gold in the country. On top of this, the kind of situation that is being created in Venezuela after the American attacks is expected to have an impact on the prices of gold and silver in the coming time.
On January 3, US President Donald Trump even said that Venezuela is now under America’s control and until the situation there gets better, America will run it. During this time, American soldiers have also captured Venezuelan President Nicolas Maduro and his wife.
Here, some of Venezuela’s major allies such as Russia, Cuba and Iran have strongly condemned these American attacks there and termed this move as a violation of their sovereignty. With this, geopolitical tensions are now gaining momentum, which has once again brought gold prices into the limelight.
There may be movement in prices again
Gold started the year 2026 on a positive note, currently trading at around $ 4,370 an ounce, up by more than 1 percent. This is its best annual performance since 1979. Due to weakness of dollar, decrease in market and increasing industrial demand, silver also jumped by more than 2 percent to reach about 73 billion dollars. Now meanwhile, due to geopolitical tension between America and Venezuela, the demand for gold and silver as a safe investment may increase, hence on Monday, January 5, some fluctuations may be seen in the prices of gold in India as well as in international markets.
Brickwork’s Model Development and Research Head Rajeev Sharan says that due to the ongoing geopolitical tension, as well as other factors like inflation, currency weakness, gold will remain in the range of 4500-5000 dollars in the coming days. Similarly, according to Anuj Gupta, director of Wealth, in the short-term the US attack on Venezuela may cause a sharp rise in the prices of gold, base metals, crude oil and even energy commodities.
How much is the price now?
Currently, the price of 24 carat gold in India fell by approximately Rs 38 per gram to Rs 13,582 per gram on Saturday, January 3. Whereas, the rate of 22 carat gold fell by Rs 35 per gram to Rs 12,450 per gram. Similarly, the price of 18 carat gold fell by Rs 28 per gram to Rs 10,187 per gram.
Also read:
Oil, sanctions and politics: how Venezuela became a victim of the global power game