Gold Rate Today, Jan 8: Prices Dip to ₹13,800/Gram Amid US-Venezuela Conflict & Profit Booking

Gold is having a bit of a “wait and see” moment today. As of Thursday, January 8, 2026, prices in India have dipped slightly after a wild few days. We’re looking at ₹13,800 per gram for 24-carat gold, which is down about ₹27 from yesterday.

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The thing is, the global backdrop is pure chaos. Between the US military operation in Venezuela (Operation Absolute Resolve) and a cooling US job market, investors are basically doing a tug-of-war with the “safe haven” tag. Or nothing. Let’s be real, when the US captures a foreign leader like Maduro, the markets don’t just sit still. Those too.

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The “Gold Desk” Log: January 8, 2026

It’s an ongoing situation where profit-taking is fighting against geopolitical fear.

• The Correction: After hitting record highs near 4,550/oz late last year, gold is “cooling off” around 4,450/oz today. Traders are locking in profits while they can.

• The Venezuela Factor: The US capture of Nicolás Maduro on January 3rd has sent ripples through the oil and gold markets. Trump is already talking about US oil companies rebuilding Venezuela’s infrastructure.

• The “Kicker”: Goldman Sachs isn’t blinking—they’re still forecasting gold to hit 4,900 to 5,000/oz by the end of 2026. Institutional investors are still betting big on the yellow metal.

• The Local Vibe: In India, demand is actually a bit sluggish this morning. High prices are making even the wedding season buyers pause.

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City-Wise Gold Rates (Per 10 Grams)

[Table: Gold Prices Across India – Jan 8, 2026]

And Here’s the Kicker…

Silver is doing its own thing. While gold slipped, Silver actually saw a tiny bump in some cities, trading around ₹2,57,100 per kg in Delhi and Mumbai. But in Chennai? You’re paying a massive premium—it’s hitting ₹2,77,100.

The thing is, everyone is watching the US Non-Farm Payrolls report coming out this Friday. If those numbers are weak, the Fed might cut rates, and gold could go right back to smashing records. It’s a messy, high-stakes week for anyone holding bullion.

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End…

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