Market Reaction · Jackson Hole 2026

Gold & Silver: Before vs After Jackson Hole

MCX and international spot performance from one week before the Kansas City Fed's 2026 Economic Policy Symposium (Aug 27–29) to the days after Fed Chair Kevin Warsh's Aug 28 keynote — his first as chair.

The Warsh Shock — Aug 28, Pre-Speech vs Post-Speech

"While this summer's PCE and CPI readings were better than expected, they do not tell me that underlying trends have meaningfully improved." — Fed Chair Kevin Warsh, Jackson Hole keynote, Aug 28, 2026
Spot Gold — Pre → Post
$4,602 → $4,454 (-3.2%)
Spot Silver — Pre → Post
$71.16 → $66.43 (-4.3%)
MCX Gold — Weekly Peak → Close
₹1.63L → ₹1.56L (-4.3%)
MCX Silver — Pre-Speech → Close (est.)
₹2.41L → ~₹2.31L (-4.3% est.)

Session-by-Session Data

₹ MCX futures · $ spot / LBMA-COMEX
Session MCX Gold ₹/10g MCX Silver ₹/kg Spot Gold $/oz Spot Silver $/oz
Aug 20 — 1 wk before₹1,58,540₹2,40,200$4,460.70$67.17
Aug 24₹1,63,120₹2,45,171~$4,555 (fut.)
Aug 25 — pre-symposium peak₹1,63,720~₹2,45,000 (est.)$4,696.00$68.10
Aug 28 — pre-speech~₹1,63,000 (est.)₹2,41,000~$4,602 (est.)$71.16 (peak)
Aug 28 — post-speech close₹1,56,000~₹2,30,600 (est.)$4,454.08$66.43
Aug 31 — today₹1,58,240 (retail proxy)₹2,54,900 (retail proxy)(n/a)$67.04 (Aug 30)