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Research Article Open access CC BY 4.0

A Study on Various Factors Impact on the Gold Price in India

Nisarga M., Nagendra Marisetty

Asian Journal of Economics, Business and Accounting · pp. 254–265 · Published 27 Sep 2023

10.9734/ajeba/2023/v23i201109

Abstract

This study aims to discover the elements that significantly impact gold prices in India. Understanding the leading causes of gold price changes is essential as it has traditionally been a significant financial and cultural symbol in India. The study uses a thorough methodology to examine the evolution of gold prices by combining macroeconomic and market-specific data. The research starts by evaluating the prior research on the variables that impact the price of gold and identifies the essential factors. The study also examines the distinctive elements of the Indian setting, such as regional demand patterns, festival seasons, governmental policies, and import/export rules. The study offers a more complex picture of the Indian gold market by considering essential factors. Understanding the variables affecting gold prices in India can help market participants forecast price changes, help governments create appropriate rules, and help investors make well-informed decisions.

Gold stock market economy factors global economy and exchange rates

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Cited by 4

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AN EMPIRICAL STUDY ON IMPACT OF GOLD PRICE ON EXCHANGE RATE IN INDIA

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