The image has been used for representational purposes. file | Photo Credit: AP
Silver prices fell sharply from record levels in the national capital on Thursday (January 8, 2026) amid profit-booking globally, falling by ₹12,500 to ₹2,43,500 per kg, while gold fell by ₹900.
According to the All India Bullion Association, the white metal rose by ₹5,000 to touch a record high of ₹2,56,000 per kg in the previous session on Wednesday (January 7, 2026).
In the local bullion market, the price of gold of 99.9% purity declined by ₹900 to ₹1,40,500 per 10 gram (including all taxes), while the previous close was ₹1,41,400 per 10 gram.
“Gold continued to fall on Thursday (January 8, 2026) as traders reduced their positions due to ease in safe-haven demand and a steady US dollar,” said Saumil Gandhi, senior commodity analyst at HDFC Securities.
In international markets, spot gold fell $29.65 or 0.67% to $4,426.91 an ounce, while silver fell 3.22% or $2.51 to $75.67 an ounce.
Mr Gandhi said investors took a cautious approach ahead of key events, including the anticipated ruling by the US Supreme Court on Donald Trump’s tariffs on Friday (January 9, 2026) and the release of December labor market data, which also acted as headwinds for bullion prices.
Jatin Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said market participants will be awaiting the non-farm payroll report on Friday (January 9, 2026), which is likely to increase volatility and give direction to bullion prices.
Regarding the outlook, Mr Gandhi said, “We expect the ongoing corrective phase in bullion prices to continue today, and the market will remain under pressure due to softening conditions and cautious investor sentiment.”
published – January 08, 2026 08:41 PM IST
