Gold and silver prices experienced a decline on Wednesday, January 7, 2026, due to profit-taking after recent gains and a strengthening US dollar. Gold futures on MCX fell by Rs 1,056, while silver futures saw a dip of Rs 4,741. International spot gold also decreased. Investors are now awaiting US payroll data for insights into Federal Reserve interest rate decisions. Despite the short-term pullback, some analysts maintain a positive medium-term outlook for silver, citing its outperformance in 2023 and ongoing safe-haven demand amid geopolitical tensions.