Gold Prices Fall for Second Day: Check Latest 24K & 22K Rates on Jan 8

• Gold prices declined for the second consecutive day on January 8 due to profit-booking.
• 24K gold in Mumbai was Rs 1,38,000/10gm; 22K at Rs 1,26,500/10gm, excluding GST.
• MCX gold fell 0.48% to Rs 1,37,345/10gm; silver dropped 0.94% to Rs 2,48,248/kg.
• Decline attributed to strong US ADP data and dollar rebound; supported by weak US JOLTS and China's gold accumulation.
• Indian gold prices surged 77% this year, outperforming Nifty 50, driven by global factors and rupee depreciation.

Why It Matters: Gold prices fell today due to profit-booking and global economic factors, despite strong annual gains.