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Precious metals cool off on strong dollar, profit booking
Business Standard
|January 08, 2026
Gold prices fell over 1 percent on Wednesday as investors booked profits after prices briefly climbed to a more than one-week high in earlier trade as a stronger dollar weighed on sentiment across the precious metals complex ahead of key US jobs data due this week.
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Spot gold fell 0.7 per cent to $4,466.19 per ounce (02), as of 0330 GMT. Bullion touched a record high of $4,549.71 0n December 26. US gold futures for February delivery were 0.4 per cent lower at $4,477.30.
This story is from the January 08, 2026 edition of Business Standard.
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