Gold Prices Fall as Investors Turn to Inflation Data and Warsh Speech
Gold prices dropped on Tuesday after four days of gains as investors shifted their focus to key inflation data and Federal Reserve Chair Kevin Warsh's speech at Jackson Hole this week.
The Multi Commodity Exchange (MCX) saw gold futures for October 2026 delivery decline by Rs 229 to Rs 1,63,015 per 10 grams, while MCX silver futures for September 2026 delivery dropped Rs 1,921 to Rs 2,42,299 per kg.
Gold prices had surged last week after the U.S. Treasury Department announced it would double liquidity support buyback operations for longer-dated notes and bonds, fueling concerns over currency debasement.
Warsh's speech at Jackson Hole has gained added importance as traders seek guidance on recent bond yield rises and reassurance about his independence from the Trump administration.