Precious metal prices saw a decline on MCX on Thursday, January 8, 2026, with silver falling by Rs 9,813 and gold down nearly 1%. The drop was attributed to a strengthening US dollar and positive US job data. Gold futures for February 5 contracts opened lower and hit a low of Rs 1,36,704. In international markets, COMEX gold prices also decreased by 0.75% to approximately USD 4,429 per troy ounce.