New Delhi, Jan. 7 -- Gold and silver prices gave up some of their recent gains in Wednesday's session, as the continued rally in both precious metals appeared to trigger profit booking. Traders were also holding their positions ahead of key US economic data later this week, while a strengthening US dollar contributed to the sharp pullback.

Gold February futures plunged Rs.1,670 per 10 grams to reach the day's low of Rs.137,414, marking their first drop in two sessions. Yet, prices are still up 1.71% in early 2026, following a 76.5% surge in 2025.

Silver prices also came under selling pressure, with March silver contracts on MCX falling Rs.11,700 per kilogram to the day's low of Rs.2,47,100.

Nevertheless, silver remains up by 5% so far ...