Gold and silver prices witnessed a strong upward movement on Monday as heightened geopolitical tensions triggered renewed demand for safe-haven assets. The sharp rise came after reports of a United States attack on Venezuela, which has unsettled global markets and pushed investors towards precious metals to hedge against uncertainty. The rally became visible as trading resumed after a two-day holiday, reflecting pent-up investor sentiment and risk aversion.
According to market sources, silver prices jumped by a massive ₹8,000 per kilogram in a single session, while gold prices climbed by around ₹1,500 per 10 grams, marking one of the sharpest daily gains in recent weeks. The sudden surge underscores how quickly global developments can influence commodity markets, particularly precious metals.
Latest Gold and Silver Rates
As per the latest rates on Monday:
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22-carat gold rose by ₹1,450 per 10 grams to reach ₹1,25,950
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24-carat gold increased by ₹1,580 per 10 grams, touching ₹1,37,400
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Silver prices surged by ₹8,000 per kg to settle at ₹2,65,000 per kg
Bullion traders said the sharp price movement was driven by strong buying interest immediately after markets reopened, with investors reacting to global instability and rising geopolitical risk.
Safe-Haven Demand Returns
Market analysts noted that escalating international tensions, coupled with ongoing volatility in global financial markets, have once again strengthened gold and silver’s appeal as safe-haven investments. Precious metals typically gain during periods of conflict, economic uncertainty, and currency volatility, as investors seek stability and long-term value preservation.
Experts added that concerns over potential spillover effects of the US-Venezuela conflict on global trade, energy markets, and financial stability are prompting cautious positioning across asset classes. This has resulted in increased allocations to gold and silver, both from institutional investors and retail buyers.
Outlook Remains Volatile
Traders are now closely tracking global geopolitical developments, movements in the US dollar, and cues from international bullion markets. Analysts warned that any further escalation in global tensions could lead to additional price volatility, with precious metals likely to remain in focus in the near term.
While short-term fluctuations are expected, experts believe that sustained global uncertainty could keep gold and silver prices elevated, reinforcing their status as preferred investment options during turbulent times.
