The US military attack on Venezuela has directly impacted gold and silver prices in the international market. (Image X @JackvHees)
New Delhi: As 2026 begins, global markets are experiencing turmoil. Following the US military attack on Venezuela, investors have once again shifted their focus towards safe-haven assets. This has directly impacted gold and silver prices, which have been on the rise during the initial trading sessions of the new year. The question on everyone's mind is: in this uncertain situation, is it better to buy gold or silver?
The news of the US military detaining Venezuelan President Nicolas Maduro and his wife on January 4, 2026, heightened tensions worldwide. This event impacted everything from the stock market to the commodity market. Investors withdrew money from risky investments and moved towards safer options, leading to a surge in the prices of both gold and silver. However, today, a softening in gold and silver prices is being observed in both domestic and international markets. This has left investors confused about where to invest their money profitably in this environment.
After record highs in gold and silver prices, a slight decline is now being seen in the international market. On Wednesday, during early trading, spot gold fell by 0.7 percent to $4,466.19 per ounce. It's worth noting that just last month, on December 26th, gold reached its all-time high of $4,549.71 per ounce. In the US market, gold futures for February delivery were also trading 0.4 percent lower at $4,477.30.
In the domestic market, the price of gold futures for February expiry on MCX fell by ₹691 (0.5%) to ₹138,392 at 2:35 PM today. The previous day, it closed slightly lower at ₹139,040 per 10 grams. However, in 2025, gold delivered a return of over 64%, making it its best year since 1979. This shows that when conditions are uncertain, Indian investors consider gold to be the safest and most reliable investment.
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