New Delhi, Jan. 8 -- The sell-off in gold and silver accelerated further in Thursday's trading session, as a strong US dollar is making dollar-priced commodities more expensive for holders of other currencies.

Gold February futures tumbled by Rs.1,566 per 10 grams to reach the day's low of Rs.136,443, extending losses for the second consecutive session. Yet, prices still remain up 1.14% in early 2026, following a 76.5% surge in 2025.

In the international market, the spot gold price fell by 1% to $4407 per troy ounce.

Ponmudi R, CEO of Enrich Money, said, "The gold 20-day EMA at Rs.1,35,509 continues to act as strong dynamic support, with buyers stepping in consistently on every dip. A sustained breakout above Rs.1,38,000 could accelera...