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

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.