Gold Rates Vs Silver Rates Vs Copper Prices Vs Crude Oil Vs Stocks: Who May Win From US-Venezuela's Conflict?

Gold, silver, and copper prices in India recorded sharp buying sentiment on Monday, January 5, thanks to the US invasion of Venezuela to capture the Latin American country's President Nicholas Maduro. He is accused by President Donald Trump of drug trafficking and narco-terrorism in the US. Maduro will be put on trial on US soil. The new tensions between the two countries have pushed investors to resort to safe-haven assets.

Gold rates in India climbed by Rs 1,580 per 10 grams and Rs 15,800 per 100 grams in 24 carat. While silver rates in India also jumped sharply by Rs 6,000 per 1Kg on Monday. Another key commodity that saw sky-high performance is also copper. At MCX, copper price has surged by nearly 2%, while silver rallies by 3% and gold rates is nearly 1.5% up. On the other hand, crude oil and stocks traded under pressure.

Who Wins From US-Venezuela Conflict?

According to Ankita Pathak, Head - Global Investments, Ionic Asset, recent geopolitical developments in Latin America have materially altered the regional risk landscape. The removal of Venezuela's long-standing political overhang marks one of the most significant shifts in the region in decades and is expected to have important implications across commodities, emerging markets, and global risk assets. While near-term uncertainty and volatility remain elevated, the medium- to long-term investment consequences could be constructive for select markets.

Here's who may see fresh rally or fall due to US-Venezuela conflict, as per Pathak:

Crude Oil: Crude oil may experience intermittent spikes due to near-term supply disruptions, but the longer-term bias remains negative as supply dynamics improve.

Gold Rates: Gold is expected to benefit from uncertainty and risk aversion.

Stocks: For Indian equities, the impact remains largely neutral beyond indirect effects from oil price movements.

Overall, precious metals, especially gold, are likely to remain well supported amid heightened geopolitical uncertainty.

Gold Rates In India:

24 carat gold rate surges by Rs 1,580 to Rs 1,37,400 per 10 grams, while 100 grams gold of the same rallied by Rs 15,800 to Rs 13,74,000. Further, 22 carat and 18 carat gold prices stood at Rs 1,25,950 and Rs 1,03,050 per 10 grams, surging by Rs 1,450 and Rs 1,180 respectively.

Silver Rates In India:

1Kg silver rate surged by Rs 6,000 to Rs 2,47,000 on Monday, while 100 grams and 10 grams silver stood at Rs 24,700 and Rs 2,470.

MCX Gold Price + MCX Silver Price

At the time of writing, MCX gold futures with February 2026 expiry, zoomed by Rs 1,901 or 1.40% after hitting an intraday high of Rs 1,38,200 per 10 grams. Further, MCX silver gained by Rs 2,43,040 per 1Kg, up by a breathtaking Rs 6,724 or 2.85%. Silver neared Rs 2.5 lakh mark.

Copper Price:

MCX copper price surged by Rs 21 or 1.63% to trade at Rs 1,308.10 per 1KGS. This is near its intraday high of Rs 1,320.

According to Axis Securities, last week, comex copper ended the week lower by 2.5%, though it remains the best-performing metal so far this year, posting gains of around 8%.
Copper supply has come under pressure following halted operations at Freeport-McMoRan's Grasberg mine in Indonesia, which accounts for nearly 3% of global supply, after a fatal incident.

The analysts here pointed out that this has amplified supply concerns from Chile and Peru, where workers' protests continue to disrupt production. The uncertainty has been compounded by renewed tariff threats on copper products from US President Donald Trump, prompting increased flows of copper into US warehouses from major trading hubs in London and Shanghai.

Crude Oil Prices:

At MCX, crude traded at $5,140 per barrel, down by 0.3%. This is near its intraday low of Rs 5,139 per barrel.

This comes after WTI and Brent crude fell by nearly 1% to $56.75 per barrel and $60.19 per barrel. As per Trading Economics, investors assessed the implications of the US attack on Venezuela and the capture of President Nicolas Maduro. Markets are weighing the potential impact on regional crude supply, given that Venezuela holds the world's largest proven oil reserves. However, some analysts expect limited disruption, noting that Venezuela currently produces less than 1 million barrels of crude per day, accounting for under 1% of global output. Others warn that oil prices could rise later this year amid concerns that more aggressive US pressure on global adversaries, including Iran, may tighten supply conditions.

Indian Stocks:

Sensex and Nifty are under pressure on Monday. The 30-scrip benchmark dropped by 245.26 points to hit an intraday low of 85,516.75 from previous session's 85762.01. Meanwhile, Nifty 50 dipped by nearly 65 points to hit an intraday low of 26,263.60.

According to Pathak, the impact of US-Venezuela conflict is limited on Indian equities, but the implications are largely linked to oil price movements.

Giving an outlook, the expert said, near-term volatility is likely as markets navigate uncertainty and evolving diplomatic developments. Also, volatility may offer selective opportunities in geographies and sectors less exposed to oil prices. Additionally, diplomatic developments ahead will be key in shaping the path forward.

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